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
Social democracies are nations in which the tax base provides everyone with healthcare and education, and where the richest and most powerful people are not free to ruin the environment.
I run into someone from one of these counties a couple of times a month, and I like to ask why their people are consistently at the top of the World Happiness Rankings. The normal response is always some variant of the following:
It’s hard to be happy living in a society that is indifferent to the suffering of others. It’s part of the very nature of human beings to care about one another.
Something else I notice about these places is that very few people are religious. Sweden, e.g., is about 80% atheist.
That means no childish tribalism, no ridiculous dogmas, no worries about eternal damnation, etc.
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Ming Yang Firewalls Europe, US Turbine Orders Surge
Allen covers Ming Yang’s firewall from Beijing and Octopus Energy deal, US turbine orders hitting a three-year high, and Norway’s floating wind funding.
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There are so many tragic aspects to life in today’s United States that it’s hard to name them all.
For my money, one of the saddest elements to the American zeitgeist is its glorification of ignorance.
Up until recently, if you wanted to know what science believes about anthropology, climate change, or particle physics, you asked a scientist in the relevant discipline, who not only has a college degree, but normally a ton of education on top of that.
Now, you ask a congressional Republican, preferably, an evangelical Christian.
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