Heliene has invested an additional $10 million to expand an original manufacturing and assembly line at its Mountain Iron, Minn. facility.
Minnesota Line One, first installed in 2018 at 150 MW, has doubled its capacity to 300 MW with this expansion, situated contiguous to the 500 MW line installed 12 months ago. These upgrades will improve the efficiency of the line and enable Heliene to manufacture TOPCon solar modules, says the company.
“We’re proud to be delivering on our commitment to grow our U.S.-based manufacturing capacity and create new clean energy jobs with the refurbishment of Minnesota Line One,” says Martin Pochtaruk, Heliene CEO. “Recent funding and federal incentives are helping us grow our facilities and workforce to keep up with historically high demand for domestically produced solar PV modules. We’re thankful to our clients for enabling us to grow rapidly, while maintaining the customer-first approach Heliene has become known for.”
The expansion of Minnesota Line One is the latest milestone in Heliene’s continued growth and investment into the North American solar industry. In August, Heliene and community solar provider Nexamp entered into a partnership that includes a 1.5 GW module order to support the development of national community projects.
Heliene secured $170M in debt and equity financing from OIC and 2 Shores Capital earlier this year, with existing customers also participating in the round. Heliene also announced plans to pursue a new manufacturing facility in the greater Minneapolis area in 2024.
The post Heliene Invests $10 million towards Minn. Assembly Line Expansion appeared first on Solar Industry.
Heliene Investing in Minnesota PV Module Assembly Line Expansion
Renewable Energy
Respect for One’s Executioner
This from Sartre.
Great parallel to modern-day Trump supporters, who love their leader while they pay $5 for a gallon of gasoline.
Renewable Energy
New ACORE Resource Breaks Down the Complexities of Energy Tax Equity Structures
-
Finance -
Project Finance -
Tax Incentives & Appropriations -
Press Releases
New ACORE Resource Breaks Down the Complexities of Energy Tax Equity Structures
WASHINGTON, D.C. – A new report from ACORE presents survey data from leading investors about the performance of tax equity structures and how they continue to play a significant role in financing clean energy projects.
For more than two decades, tax equity has provided a stable private financing mechanism and an important source of capital for new clean energy projects in the United States. The U.S. clean energy industry now attracts over $45 billion in tax credit investments annually, of which more than $20 billion is provided by banks through tax equity arrangements. The report provides an expert look into how tax equity financing transactions are structured and the risks and returns associated with these deals.
Key takeaways from the report include:
- Overwhelmingly Positive Returns: An ACORE survey representing over 75% of the tax equity market showed that these investors typically receive a median 8.4% return on current investments.
- Minimal Downside Risk: Risks associated with recapture, foreclosure, and bankruptcy have been exceptionally low for tax equity investors.
- Demand for Tax Equity Exceeds Supply: Tax equity is responsible for between one third and two thirds of a clean energy project’s overall financing, and about 45% of tax equity is provided by banks through tax equity arrangements. Demand for tax equity will accelerate as investors look to finance energy storage and other eligible technologies that continue to qualify for tax credits.
“This report reflects ACORE’s commitment to delivering solid, impartial insights from the entire span of the clean energy industry,” said Ray Long, President and CEO of ACORE. “Getting clean energy tax policy right is the key to ensuring the United States is ready to deliver the power needed for tomorrow’s economy.”
The Risk Profile of Tax Equity Investments: 2026 Edition, is available in full on the ACORE website.
###
About ACORE
ACORE is a nonpartisan nonprofit organization that operates at the intersection of affordability, reliability, and clean energy deployment. Our work is focused on stabilizing energy prices, strengthening the electric grid, and driving investment in cost-effective technologies to ensure that clean energy delivers for people, businesses, and the U.S. economy.
ACORE’s membership includes clean energy investors, developers, energy buyers, power generators, manufacturers, and energy providers. In 2024, nearly 80% of the booming utility-scale domestic clean energy growth was financed, developed, owned, equipped, or contracted by ACORE members. For more information, visit www.acore.org.
Media Contacts:
Chris Higginbotham
higginbotham@acore.org
The post New ACORE Resource Breaks Down the Complexities of Energy Tax Equity Structures appeared first on ACORE.
https://acore.org/news/new-acore-resource-breaks-down-the-complexities-of-energy-tax-equity-structures/
Renewable Energy
An Economy that Works for Everyone
Right-wingers, like the fellow shown here, tend to make broad and unfair generalizations about the left.
Progressives would like to see an economy that works for everyone, not just the uber-rich. We want wealth creation for the people who need it most.
The best way to make this happen is strong, high-quality public education and universal healthcare.
These are not radical concepts; this is the way the vast majority of the developed world operates.
-
Greenhouse Gases12 months ago
Guest post: Why China is still building new coal – and when it might stop
-
Climate Change12 months ago
Guest post: Why China is still building new coal – and when it might stop
-
Greenhouse Gases2 years ago嘉宾来稿:满足中国增长的用电需求 光伏加储能“比新建煤电更实惠”
-
Climate Change2 years ago嘉宾来稿:满足中国增长的用电需求 光伏加储能“比新建煤电更实惠”
-
Climate Change2 years ago
Bill Discounting Climate Change in Florida’s Energy Policy Awaits DeSantis’ Approval
-
Renewable Energy10 months agoSending Progressive Philanthropist George Soros to Prison?
-
Carbon Footprint2 years agoUS SEC’s Climate Disclosure Rules Spur Renewed Interest in Carbon Credits
-
Greenhouse Gases1 year ago
嘉宾来稿:探究火山喷发如何影响气候预测
