FREYR Battery acquires Trina Solar's Texas plant for $700M, boosting solar and battery production.

FREYR Battery completed its acquisition of Trina Solar's 5GW solar module manufacturing facility in Texas, paying $700 million in cash, loans, and stock. The deal enhances FREYR's solar and battery capabilities, with full production expected by mid-2025. FREYR plans to start building a solar cell facility in Q2 2025, aiming to produce by mid-2026. The acquisition aims to address supply chain issues and create up to 1,800 jobs, positioning FREYR for growth in the renewable energy sector.

3 months ago
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