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Stock impact report

TALON PV's minority stake sale to T1 Energy boosts solar cell project [Yahoo! Finance]

T1 Energy Inc. (TE) 
US:NYSE Investor Relations: tecoenergy.com/news
Company Research Source: Yahoo! Finance
As a part of this agreement, T1 has finalised a simple agreement for future equity, to acquire a minority ownership interest in TALON PV. The proceeds generated from the deal will support the high-efficiency tunnel oxide passivated contact (TOPCon) solar cell manufacturing project, which is being developed by TALON PV in Baytown, Texas, US. The project aims to create a 4.8GW solar cell manufacturing facility, enhancing the domestic production capabilities of the US. The TALON PV Baytown project is anticipated to reach commercial availability in the first quarter (Q1) of 2027. The facility will produce n-type TOPCon cells, a leading PV technology. This initiative aligns with national objectives for domestic energy security and ensuring compliance with non-foreign entity of concern standards. The project has obtained $97.1m in tax incentives from both state and local governments. Based in Houston, Texas, Eagle Group, a venture capital company, fully funded TALON PV before Show less Read more
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