North American solar PV module manufacturer Heliene Inc. has partnered with Transition Equity Partners to support the investment of Heliene’s operations; the capital infusion will support the development of a new 550MW production line in Minnesota and the creation of over 150 full-time jobs.
Heliene’s manufacturing line will support its total U.S.-based manufacturing capacity to around 1.5GW per year.
With help from the Inflation Reduction Act, the company is slated to capitalize on the 45X production tax credit while its customers can take advantage of the Domestic Content Adder.
Heliene has leveraged the IRA to build a leading domestic solar supply chain. It has partnered with Suniva, SOLARCYCLE, OMCO Solar, Premier Energies, and NorSun to expand domestic manufacturing and energy security.
“This investment from Transition Equity Partners is a key milestone in Heliene’s growth journey. It empowers us to expand our capacity to deliver high-quality, bankable, domestically produced solar modules that power the clean energy transition,” said Martin Pochtaruk, CEO of Heliene, in a statement. “We are proud to play a pivotal role in strengthening North America’s renewable energy supply chain and contributing to the global energy transition.”
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