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
Keep in mind that “removing Trump from office” and “stop talking about Trump” are two different events.
It’s quite possible that a Democrat-controlled congress could remove him from power within the coming months. But think about the damage he’s done to our nation and the path to repair it. Think about the war, the trade deals, the economic policies, our relationships with our allies, the racism, our erstwhile position as leader in world democracy, and the degradation in public health, education, and environmental responsibility.
We’ll be talking about Trump as long as an organized human civilization is functioning on this planet.
To the a
uthor of the meme here, I would suggest that hate and ignorance are far more aggressive forms of cancer.
Yes, Hegseth and RFK, Jr. will be gone, but I think what’s going to happen first is the decapitation of the snake itself, i.e., the removal of Trump from the presidency.
Based on the news on social media, this could happen via the 25th Amendment, based on Trump’s mental deterioration. In my view, that’s a shame. If he’s not criminally prosecuted, this nation will be deprived of letting the American people and the rest of the world know that rule of law still matters in the United States.
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