Heliene has introduced the sale of $50M Part 45X Superior Manufacturing Manufacturing Tax Credit score, facilitated by Foundation Local weather.
Heliene is ready to declare eligibility for these tax credit beneath the Inflation Discount Act.
“Monetising our 45X tax credit by way of this sale is instrumental in persevering with the expansion of Heliene’s home manufacturing capability,” says Martin Pochtaruk, CEO of Heliene.
“This transaction gives long-term sustainability, therefore enabling us to develop our dedication to providing builders dependable, high quality modules that function the very best attainable quantity of home content material. We’re grateful to the group at Foundation Local weather for facilitating this vital deal. Collectively we’re constructing a stronger, bankable U.S. photo voltaic provide chain.”
Heliene will use funds from this sale to scale back debt and assist ongoing efforts to develop its U.S. cell and module manufacturing footprint and develop its home workforce.
This tax credit score switch sale follows a number of months of strategic dealflow by Heliene, together with a strategic sourcing settlement with cell producer Suniva, a partnership and multi-year contract with Norsun for the availability of U.S.-made wafers and a three way partnership with Premier Energies to collectively construct a U.S.-based photo voltaic cell manufacturing facility.
