Excelsior inks multi-year deal to buy 2 GW of Heliene solar panels – Renewables Now

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US renewable energy infrastructure investor Excelsior Energy Capital said on Wednesday that it has entered into a multi-year supply agreement to procure 2 GW of solar photovoltaic panels from Canadian manufacturer Heliene Inc.

Excelsior also said that the companies expect to “work closely as partners” under the supply agreement.

The Canadian solar panel maker will primarily produce the order at its existing factory in Mountain Iron, Minnesota, and at a new factory it plans to build in the Greater Minneapolis-St. Paul area.

Excelsior expects the majority of the panels supplied by Heliene to be manufactured in the United States.

“The agreement will materially reduce supply chain risk for Excelsior, including shipping delays, as well as tariff and other trade-related risks,” Excelsior said.

Just recently, Heliene struck a three-year agreement to source US-made solar cells from Atlanta, Georgia-based Suniva Inc to use them in its US-made solar modules.

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