8minute welcomes Ross Trenary and expands role of Josh Goldstein to prepare for the company’s continued growth as one of the nation’s top solar energy developers
LOS ANGELES and SAN FRANCISCO, CALIFORNIA—March 18, 2020:
Today, 8minute Solar Energy (8minute) announced that it has hired industry veteran Ross Trenary as 8minute’s new Chief Financial Officer as the company prepares for another successful year of large-scale project development and sustained organizational growth.
8minute’s former CFO Josh Goldstein has moved to a broader management role as Chief Operating Officer and Head of Capital Markets while continuing to oversee the company’s project finance team. With the addition of Trenary and Goldstein in his new role, 8minute is well-positioned to successfully deploy its 15-gigawatt (GW) development pipeline of large-scale solar and solar-plus-storage projects.
“Over the years, I’ve been a witness to 8minute continuously pushing the solar industry forward on both innovation and scale. I’m thrilled to now be a part of this effort as the company tackles an expanded pipeline and couples its projects with large-scale energy storage,” said Trenary. “The opportunity to work with a team of this caliber was a key factor in my decision to join 8minute, and I look forward to partnering closely with Josh to expand the business and meet our ambitious plans ahead.”
Trenary brings substantial expertise in corporate finance, investor relations and accounting activities in the renewables sector. He most recently served as Vice President of Corporate Finance at Clearway Energy Group, where he played a lead role in establishing and managing these functions through Clearway’s transition from NRG Energy ownership to Global Infrastructure Partners (GIP) in 2018. Previously, he held finance and business development roles at NRG’s renewables business and solar thermal developer BrightSource Energy.
Goldstein brings to his expanded role two decades of experience in finance, executive management, complex transactions, and capital markets. He joined 8minute in 2016 and has since not only led several large and unique financings, but also brought his experience to bear across several parts of the organization. Along with his time at Recurrent Energy, Goldstein has collectively built and run two industry-leading finance teams that have raised over $10 billion across all parts of the capital structure while financing 2,300 megawatts of utility-scale solar power plants.
“Over the last three and a half years with 8minute, it has been incredibly rewarding to work with the best-in-class team to bring pioneering projects to fruition and build the future of solar energy,” said Goldstein. “The strategic direction of 8minute’s business has long been one of my top priorities, and I look forward to supporting the company’s continued success with an even greater focus on providing leadership across the broader organization.”
These leadership updates come during an exciting time for 8minute as the company continues to build momentum and expand its project portfolio across the Southwestern United States. Its expanding 15 GW pipeline includes more than 2,000 megawatts (MW) in contracted projects, including major developments in Nevada and Texas. Most recently, in its home state of California, the company celebrated the commercial operation of the 450 MWdc Springbok Solar Cluster and reached a record-setting deal with the Los Angeles municipal utility for the Eland Solar & Storage Center, the lowest cost solar and storage project in the country.
“Leaders like Josh and Ross are part of the reason that 8minute is a nationwide leader in solar-plus-storage. With their unrivaled experience and clear dedication, 8minute can deliver on its promise of making solar energy a viable, long-term replacement for fossil fuels,” said Tom Buttgenbach, President and CEO of 8minute. “At 8minute, we envision a world where solar energy is nearly free, and we have an incredible team working to make this a reality. I am excited to welcome Ross to our team and I congratulate Josh on his new role.”