Transition Equity Partners saw federal incentives, including the domestic manufacturing provision from the Inflation Reduction Act, as key drivers for a $54 million growth equity financing investment in Heliene, an assembly and distributor of solar panels headquartered in Sault Ste Marie, Ontario.
The investment, signed earlier this month in collaboration with a consortium of limited partners including Hamilton Lane, will support the company to expand annual production capacity from 915MW to just shy of 1.5GW
