|

FREYR Battery to acquire Trina Solar’s US manufacturing assets

By

FREYR Battery has signed an agreement to acquire Trina Solar’s 5 GW solar module manufacturing facility in Wilmer, Texas. 

The acquisition is expected to be finalised by the end of 2024.

The Wilmer plant, which began production on November 1, 2024, is slated to reach full capacity by 2025, with 30 per cent of its output already under firm contracts with US customers.

Post-acquisition, FREYR plans a multi-phase expansion to establish a vertically integrated US solar manufacturing operation, including a 5 GW solar cell plant expected to start construction in Q2 2025, with initial production targeted for late 2026.

Similar Posts

|

Nuclear fuel prices surge due to uranium conversion and enrichment bottleneck

By

The cost of nuclear fuel has surged in the past two years, primarily due to bottlenecks in uranium conversion and enrichment, exacerbated by the Russian invasion of Ukraine. While the price of raw uranium ore has doubled since early 2022, the prices for converted uranium hexafluoride have soared fourfold to $68/kg, and enriched uranium prices have tripled to $176 per separative work unit, according to UxC data seen by the Financial Times (FT). Russia’s significant…

|

Tata Power wins 400 MW wind-solar hybrid project in Maharashtra

By

Tata Power Renewable Energy Ltd. (TPREL) has won a letter of award from Maharashtra State Electricity Distribution Company (MSEDCL) for a 400 MW wind-solar hybrid project in Maharashtra. The project, expected to be completed within 24 months of signing the power purchase agreement, will contribute to MSEDCL’s sustainable energy needs and help reduce CO2 emissions by 895 million kilograms annually. This is TPREL’s largest renewable energy project in Maharashtra, with an initial 200 MW capacity…

|

Madhya Pradesh and Uttar Pradesh to collaborate on 2 GW solar power project

By

Madhya Pradesh and Uttar Pradesh are set to collaborate on a 2 GW solar power project to address seasonal electricity demands. The project will supply power to Uttar Pradesh in the first half of the year and to Madhya Pradesh in the second half. The solar plant, with a capacity of 2 GW, is proposed to be built in Morena, Madhya Pradesh. Invitations for bids are expected within four months, with construction slated to begin…

|

Stiesdal Offshore partners with Copenhagen Infrastructure for floating wind sector

By

Stiesdal Offshore and Copenhagen Infrastructure Partners (CIP), through its Copenhagen Infrastructure V (CI V) fund, have formed a strategic collaboration to establish Stiesdal Offshore as a leading player in the floating wind sector. As part of this partnership, CI V has acquired a minority stake in Stiesdal Offshore. Stiesdal will provide engineering services and project execution support, focusing on reducing costs, simplifying project execution, and accelerating the growth of floating offshore wind. The floating wind…

|

Arevon Energy secures $351 million financing for Gibson Solar Project in Indiana

By

Arevon Energy has secured $351 million in financing to construct the 251 MW Gibson Solar Project in Gibson County, Indiana. The project, already under construction, is expected to generate over $83 million in local government payments throughout its lifespan and will provide enough clean energy to power more than 30,000 homes annually. The financing package includes a construction loan and a letter of credit (LC) facility led by CoBank, Societe Generale, and PNC Bank. CoBank…

|

SECI Tranche XVI auction results: 500 MW of solar projects awarded

By

The Solar Energy Corporation of India Limited (SECI) has announced the results of its Tranche XVI auction to develop 1.2 GW of inter-state transmission system (ISTS) connected solar projects across India. The auction, which was issued in May 2024, awarded a total of 500 MW of capacity. Sustainable and Affordable Energy for Life (SAEL) Industries Limited and NTPC Limited secured 250 MW and 200 MW respectively, both at a tariff of Rs 2.48 per kWh….

Leave a Reply

Your email address will not be published. Required fields are marked *