Excelsior Energy Capital, a renewable energy infrastructure investor, has inked a multiyear agreement to acquire 2 GW of photovoltaic modules from Heliene. As part of the long-term supply agreement, the two companies plan to work together as partners. A majority of the panels supplied by Heliene are expected to be manufactured in the United States.
The photovoltaic modules supplied under the agreement will primarily be produced at an existing Heliene factory in Mountain Iron, Minnesota and at a new factory the company plans to build in the Greater Minneapolis-St. Paul area. Furthermore, the agreement will materially reduce supply chain risk for Excelsior, including shipping delays, as well as tariff and other trade-related risks.
