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Heliene Inc. Raises $170M to Bolster North American Solar Manufacturing and Job Creation

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Heliene, Orion Infrastructure Capital

Heliene Inc., a customer-first provider of North American-made solar PV modules, today announced it closed $170M in funding, led by a group of key partners and customers. The funding includes $20M in equity and $150M of debt, to be utilized for Heliene’s expansion and the creation of well-paying jobs in manufacturing within the clean energy transition.

The $150M credit facility was provided by Orion Infrastructure Capital (“OIC”), a leading North American infrastructure investment firm. The $20M equity round included participation from OIC and 2Shores Capital, an Ontario-based private investment company. Two existing Heliene customers - Valta Energy and Bullrock Renewables - also joined the round, affirming the Company’s position as a valued manufacturing partner and leader within the North American solar energy market.

Read more at Globe Newswire