The Rise Fund / Matrix Renewables Acquire 1GW of Solar PV Projects from Trina Solar

T1 Energy Acquires Trina Solar's U.S. Manufacturing Assets

March 17, 2025

Energy

T1 Energy Inc. (formerly FREYR) acquired the U.S. solar manufacturing assets of Trina Solar Co., Ltd. for $621 million, including a 5 GW, 1.35 million sq. ft. module facility in Wilmer, Texas (now named G1 Dallas). The asset purchase was announced November 6, 2024 and closed December 24, 2024 as part of T1's strategy to build a vertically integrated U.S. solar and battery manufacturing supply chain.

Matrix Renewables Acquires Stillhouse Solar Project from OCI Solar Power

June 28, 2023

Renewable Energy

Matrix Renewables, the TPG Rise-backed renewable energy platform, has acquired the Stillhouse Solar Project, a late-stage 284 MWdc solar development in Bell County, Texas, from OCI Solar Power. Matrix plans to complete power offtake, procurement and financing with construction slated for 2024 and commercial operations expected in 2025.

TSG Consumer Partners Makes Growth Investment in Trinity Solar

August 1, 2023

Renewable Energy

TSG Consumer Partners has made a growth investment in Trinity Solar, a leading residential solar, battery storage and EV charging provider based in Wall, New Jersey. Trinity’s management team will remain in place as the company uses the capital and TSG’s consumer and digital expertise to support continued geographic and service expansion across the Northeast U.S.

TPG Rise Climate & MAVCO Acquire Siemens Gamesa's Onshore Wind Business in India and Sri Lanka (Vayona Energy)

March 26, 2025

Energy

TPG, through its TPG Rise Climate platform, will acquire a majority stake in Siemens Gamesa's onshore wind turbine manufacturing business in India and Sri Lanka, with MAVCO Investments and industry veteran Prashant Jain taking significant minority stakes and Siemens Gamesa retaining a minority position. The transaction transfers roughly 1,000 employees and manufacturing infrastructure to a new independent company (launched as Vayona Energy) to scale manufacturing, installation and O&M of onshore wind turbines across India, Sri Lanka and the wider region.

Enbridge Acquires Tri Global Energy

September 29, 2022

Renewable Energy

Enbridge Inc. acquired U.S. renewable project developer Tri Global Energy for US$270 million in cash plus assumed debt, with up to ~US$50 million in contingent payments. The purchase brings TGE’s ~7 GW wind and solar development portfolio and its development team into Enbridge’s renewables platform to accelerate North American growth in wind and solar.

TPG Rise Combines Element Markets and Bluesource to Form Global Decarbonization Platform

February 24, 2022

Renewable Energy

TPG Rise (via TPG Rise Climate and The Rise Fund) has taken majority ownership to combine Element Markets and Bluesource into a vertically integrated global decarbonization platform, with NGP ETP joining the investment and GEF Capital Partners remaining as an investor. The combined business will market and originate carbon and environmental credits and provide advisory, project development and renewable natural gas marketing services to corporate and institutional clients.