Heliene has closed on a $54 million strategic equity investment from Transition Equity Partners (TEP) in collaboration with a consortium of limited partners, including affiliates of Hamilton Lane.
The investment from TEP follows the $170 million in capital that Heliene raised last year from Orion Infrastructure Capital and several of Heliene’s customers.
This capital infusion is slated to support the development of a new 550 MW production line in Rogers, Minn., raising the company’s total U.S. based manufacturing capacity to 1.5 GW annually. The company’s partners underpinning the expansion include a 2 GW supply agreement with Excelsior Energy Capital and a 1.5 GW supply agreement with Nexamp.
Leveraging the IRA, Heliene has partnered with Suniva for domestic-made solar cells starting this year, SOLARCYCLE for domestic-made solar glass, OMCO Solar as a domestically produced racking partner, Premier Energies to pursue a cell manufacturing JV and NorSun for domestic wafer production.
“This investment from Transition Equity Partners is a key milestone in Heliene’s growth journey,” says Martin Pochtaruk, CEO of Heliene.
“It empowers us to expand our capacity to deliver high-quality, bankable, domestically produced solar modules that power the clean energy transition. We are proud to play a pivotal role in strengthening North America’s renewable energy supply chain and contributing to the global energy transition.”
Stifel served as exclusive financial advisor to Heliene in connection with the entire transaction.
The post Heliene, TEP Partner on Expanded Domestic Solar Manufacturing Capacity appeared first on Solar Industry.
Heliene, TEP Partner on Expanded U.S. Solar Manufacturing Capacity
Here’s Lucy Biggers, social media powerhouse, explaining how solar and wind energy actually aren’t free, because they require materials that need to be mined from the Earth.
Yes, Lucy. I think most of us already knew that.
It’s hard for me to understand how a person with zero training in science has any relevance to what climate scientists are telling us. If I want a good recipe for carrot soup, I don’t ask a baseball coach or an auto mechanic.
They call this woman an “influencer.” What type of idiot does she influence?
Yes, part of this is stupidity. But a larger part is that people who still support Trump at this point are desperate to believe whatever comes out of his mouth, regardless of how nonsensical it may be.
I wish my mother were still here so I could see where she would stand. She was extremely well-educated, and a voracious reader, but somehow remained a Fox News viewer until the end. I just wonder if the last 15 months may have turned her around.
Those who stand in opposition to the president have dozens of different reasons for their feelings. One, as is on display here, is that he’s an ignoramus.
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