By Derick Lila, PV Buzz
Aiming to revolutionize the US solar industry, Canadian manufacturer Heliene is planning a massive $145 million facility in Minnesota. This landmark expansion, backed by the Orion Infrastructure Capital and motivated by Biden’s Inflation Reduction Act, sets the stage for a greener American future.
The company aims to construct a brand-new factory in Minnesota, capable of producing both solar modules and cells, as detailed in an exclusive interview with Reuters by Heliene’s CEO.
Heliene, already possessing solar panel manufacturing operations in both Iron Mountain, Minnesota, and Ontario, Canada, joins a growing list of companies dedicated to boosting U.S. solar production.
This increase in domestic manufacturing commitment is primarily due to President Joe Biden’s Inflation Reduction Act, introduced last year.
The Act, designed to stimulate the production of clean energy equipment domestically, provides tax incentives to both manufacturers and purchasers.
Heliene’s new factory, projected to cost around $145 million and located in the Minneapolis-St. Paul area will have the capacity to produce roughly one gigawatt of modules and 1.5 gigawatts of cells annually, according to CEO Martin Pochtaruk.
These plans for Heliene’s growth and development, which were previously unreported, are viable due to a substantial investment by the New York-based Orion Infrastructure Capital (OIC).
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