Allianz and 8 minute Solar Energy Makes 67MW US PV Splash

By on September 12, 2019


Lotus project acquired from 8minute Solar Energy for an undisclosed price

September 11, 2019 

US outfit 8minute Solar Energy has sold equity interests in the 67MW Lotus solar farm in California to Allianz Global Investors for an undisclosed price.

The project, which is located in Madera County, is the first US solar project purchased by the infrastructure equity team at Allianz Global Investors.

Electricity from Lotus will be sold to Southern California Edison under a 20-year power purchase agreement, when it comes online in May 2020.

Construction started in August with Signal Energy providing engineering, procurement and construction services.

Suppliers include NEXTracker with its NX Horizon smart solar tracker and TMEIC with 14 of its Ninja 4200 central inverters.

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