Solar module maker Heliene has signed a 2-gigawatt long-term supply deal with renewable developer Excelsior Energy Capital, pv magazine USA reported on April 10, 2024.
The deal
- Millions of modules will be supplied, mostly assembled at Heliene’s factory in Mountain Iron, Minnesota.
- Excelsior says buying from a North American supplier “materially derisks” its projects, avoiding a 6,000-mile supply chain.
- Trade risks cited include Uyghur Forced Labor Prevention Act enforcement and possible new antidumping tariffs, along with the domestic content tax credit adder.
Heliene’s footprint
Heliene expanded its Minnesota plant in December 2023, adding 150 MW of capacity for two lines totaling 800 MW a year and TOPCon modules. It also runs a 300 MW line in Ontario and a 100 MW line in Riviera Beach, Florida. The Excelsior order follows a 1.5 GW Nexamp deal from August 2023, and a cell sourcing deal with Suniva in March 2024.
FAQ
How big is the deal?
2 GW of solar modules under a long-term supply agreement.
Where will the modules be made?
Mainly at Heliene’s Mountain Iron, Minnesota factory.
Why buy North American modules?
To cut tariff and forced-labor enforcement risk and to help qualify for the domestic content bonus.
Source & credit
Source: pv magazine USA, April 10, 2024: “Heliene inks 2 GW U.S.-made solar panel supply deal”, by Ryan Kennedy.