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European renewables co. expands into US with Houston-area solar panel manufacturing facility

A Turkish solar panel manufacturing company has opened its first US location just outside of Houston. Photo courtesy of Elin Energy

A European company opened a new 225,000-square-foot solar panel assembly facility in Waller County, and it has the capacity to manufacture 2,000 megawatts annually.

Turkish company Elin Energy opened it new space in Twinwood Business Park with the help from Houston real estate development company The Welcome Group and Houston construction company KDW. It's Elin Energy's first location in the United States.

The Waller facility aims to “catapult the company’s growth in the Western hemisphere and reinforce its commitment to sustainable energy production and innovation,” according to a news release. Elin’s panel designs boost the productivity of solar panels by requiring less space than traditional systems.

Photo courtesy of Elin Energy

“The facility [Elin has leased] was designed with generous bay spacing, clear height and upgraded power to accommodate and upgraded power to accommodate a variety of manufacturing needs,” Welcome Wilson Jr., president and CEO of the Welcome Group, says in the release. “Elin Energy’s state-of-the-art solar manufacturing equipment easily fit into the building footprint. The first equipment lines are installed, and the future equipment lines have been ordered.”

One of Europe's top producers of photovoltaic panels, Elin Energy's new facility features two solar panel manufacturing lines. The Waller County Economic Development Partnership and efforts from the state helped bring Elin to the area. Elin aims to bring around 100 jobs by the end of their first year of operations with an estimated 450 by the end of year seven.

KDW completed the build in under 6 months.

“The equipment delivery demanded an aggressive schedule which made it essential that all parties involved have a heightened level of coordination and cooperation,” KDW Construction Manager Bryan Harrison says in the release.

Photo courtesy of Elin Energy

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A View From HETI

Spring-based Arroyo Investors has purchased Whirlwind Energy Center in Amarillo, Texas. Photo by Sam LaRussa on Unsplash.

Spring-based private equity firm Arroyo Investors has teamed up with ONCEnergy, a Portland, Oregon-based developer of clean energy projects, to buy a 60-megawatt wind farm southeast of Amarillo.

Skyline Renewables, which acquired the site, known as the Whirlwind Energy Center, in 2018, was the seller. The purchase price wasn’t disclosed.

Whirlwind Energy Center, located in Floyd County, West Texas, comprises 26 utility-scale wind turbines. The wind farm, built in 2007, supplies power to Austin Energy.

“The acquisition reflects our focus on value-driven investments with strong counterparties, a solid operating track record, and clear relevance to markets with growing capacity needs,” Brandon Wax, a partner at Arroyo, said in a press release. “Partnering with ONCEnergy allows us to leverage deep operational expertise while expanding our investment footprint in the market.”

Arroyo focuses on energy infrastructure investments in the Americas. Its portfolio includes Spring-based Seaside LNG, which produces liquefied natural gas and LNG transportation services.

Last year, Arroyo closed an investment fund with more than $1 billion in total equity commitments.

Since its launch in 2003, Arroyo has “remained committed to investing in high-quality assets, creating value and positioning assets for exit within our expected hold period,” founding partner Chuck Jordan said in 2022.

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