T1 Energy Inc., a US-based provider of solar and battery solutions, has signed a non-binding Heads of Agreement with Manaar Gulf Saudi Arabia Ltd. recently to explore investment in its planned 5GW G2_Austin solar cell manufacturing facility. During a ceremony hosted by the Saudi Ministry of Investment in Riyadh, this agreement was signed, highlighting bilateral cooperation on energy infrastructure. T1 Energy has stated that the G2_Austin facility is critical to establishing a vertically integrated US solar supply chain. The company currently operates the G1_Dallas facility and is pursuing strategic capital to expand domestic production. According to T1 Energy, it also plans to explore investment opportunities in Saudi Arabia’s solar manufacturing sector as part of its broader international strategy and ongoing project optimization efforts in Europe.
T1 Energy and Manaar Gulf sign deal for 5 GW solar plant in US
G2_Austin solar cell plant in Texas is set to receive Gulf investment after T1 Energy and Manaar Gulf signed a non-binding agreement to strengthen US PV supply chains.
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