US-based Trina Solar Ltd has announced a strategic partnership with FREYR Battery to establish a 5 GW solar module manufacturing facility in Wilmer, Texas, which is anticipated to be operational by the end of 2024. The collaboration includes technology and market integration, with Trina Solar appointing key executives to streamline operations at FREYR. Trina will manufacture and market solar modules under its brand, enhancing its supply chain and presence in the US market. As part of the agreement, Trina Solar will acquire a 19.08% equity stake in FREYR in two stages, starting with 9.9% and followed by an additional stake pending regulatory approval. Should approvals not materialize, Trina is guaranteed $80 million in preferred notes.
Trina Solar secures equity stake in FREYR with Texas deal
The new solar module plant in Wilmer, Texas, will operate under the Trina brand, strengthening US-based production capabilities. (Image Source: TrinaSolar)
AfDB funded two 15 MW solar plants in Chad to generate 61 GWh annually and cut emissions by 49,000 tons per year. (Image Credit/Source: LCEC/Pixabay)
Algeria and GE Vernova discussed 15 GW renewable energy projects, including solar, as Sonelgaz led talks in Atlanta. (Image Source:Zawya)
LRE powered up Morrow Lake Solar, supplying 200 MW to Microsoft with innovative solar tech and eco-friendly land use. (Image Credit/Source: StockSnap/Pixabay)
re:cap green energy acquired 51.7 MW solar projects from Milvio Energy, with completion expected between Q1 and Q4 of 2025. (Image Credit/Source: TheOtherKev/Pexels)