Partnership for Solar Expansion
Excelsior Energy Capital, a prominent renewable energy infrastructure investor, has sealed a multiyear agreement with Heliene, Inc., a leading North American solar equipment manufacturer. The deal entails the acquisition of 2.0 GW of photovoltaic modules from Heliene.
Supply Agreement Details
Under the agreement, Excelsior will procure solar panels primarily produced at Heliene’s existing facility in Mountain Iron, Minnesota, and a new factory planned in the Greater Minneapolis-St. Paul area. This long-term collaboration aims to ensure a steady supply of high-quality solar modules for Excelsior’s projects.
Benefits of the Partnership
Excelsior emphasizes the strategic advantages of this partnership, which significantly mitigates supply chain risks and enhances project assurance. The majority of the modules will be manufactured domestically, contributing to the growth of clean energy jobs and manufacturing capacity in the United States.
Industry Perspectives
Martin Pochtaruk, CEO of Heliene, expresses pride in formalizing the supply arrangement with Excelsior, highlighting the potential to expand the adoption of American-made solar technologies. Both companies foresee positive outcomes from the collaboration, underscoring the commitment to innovation and sustainability in the solar industry.
The partnership between Excelsior Energy Capital and Heliene marks a significant milestone in advancing domestic solar production and accelerating the transition to clean energy. As both companies continue their growth trajectories, the collaboration underscores their shared commitment to sustainability and innovation in the renewable energy sector.
About Excelsior Energy Capital and Heliene
Excelsior Energy Capital specializes in middle-market investments in renewable energy infrastructure across North America. With a focus on wind, solar, and battery storage projects, the firm brings extensive expertise and strategic insights to the industry. Heliene, Inc., established in 2010, is a leading manufacturer serving utility-scale, commercial, and residential markets with high-performance solar modules.
Source：businesswire.com
