M&A Deal Summary

FREYR Battery Acquires Trina Solar - 5 GW Solar Module Manufacturing Facility

On November 6, 2024, FREYR Battery acquired renewable energy company Trina Solar - 5 GW Solar Module Manufacturing Facility from Trina Solar for 340M USD

Acquisition Highlights
  • This is FREYR Battery’s 1st transaction in the Renewable Energy sector.
  • This is FREYR Battery’s largest (disclosed) transaction.
  • This is FREYR Battery’s 1st transaction in the United States.
  • This is FREYR Battery’s 1st transaction in Texas.

M&A Deal Summary
Date 2024-11-06
Target Trina Solar - 5 GW Solar Module Manufacturing Facility
Sector Renewable Energy
Buyer(s) FREYR Battery
Sellers(s) Trina Solar
Deal Type Divestiture
Deal Value 340M USD

Target

Trina Solar - 5 GW Solar Module Manufacturing Facility

Wilmer, Texas, United States
Trina Solar's 5 GW Solar Module Manufacturing Facility is a 5 GW, U.S. solar cell manufacturing facility.

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Buyer(S) 1

Buyer

FREYR Battery

Luxembourg, Luxembourg
Category Company
Sector Electrical Equipment
Employees263
Revenue 121M USD (2022)
DESCRIPTION

FREYR Battery develops battery cell manufacturing facilities and is headquartered in Luxembourg.

DEAL STATS #
Overall 1 of 1
Sector (Renewable Energy) 1 of 1
Type (Divestiture) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Trina Solar

Changzhou, China
Category Company
Founded 1997
Sector Renewable Energy
Employees43,031
Revenue 113.4B CNY (2023)
DESCRIPTION

Trina Solar is a provider of photovoltaic modules, solutions and services. Trina Solar was founded in 1997 and is based in Changzhou, China.

DEAL STATS #
Overall 2 of 2
Sector (Renewable Energy) 2 of 2
Type (Divestiture) 2 of 2
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-01 Trina Solar-1GW of Solar PV Projects

Spain

Trina Solar's 1GW of Solar PV Projects included in the transaction are currently operational, under construction or in late stage development nearing ready-to-build status across Spain, Chile, Colombia, and Mexico.

Sell -
Mergr

Product

Company

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