Total Eren Acquisition, Valuation, Funding & Investors

Farasis Energy is a global lithium-ion battery manufacturer producing power systems for electric vehicles, energy storage grids, and commercial applications. The company operates production facilities in China and the United States with partnerships including BMW for automotive battery supplies. Farasis Energy supplies high-energy-density cells addressing transportation electrification and renewable grid integration needs.

Shanghai Aiko Solar Energy Co Ltd is engaged in research, manufacturing and sales of crystalline silicon solar cells. The company's products include C&I Scenario COMET Series, Residential Scenario NEOSTAR Series, Lightweight module AIR and Utility Scenario STELLAR Series.

Premier Energies Ltd is an integrated manufacturer of solar cells and solar modules. The company mainly engages in the manufacturing and trading of solar modules, solar cells, and solar accessories. The majority of the company's revenue comes from the sale of these products and silicon wafers. Additionally, the company earns revenue from the sale of manufactured solar modules and from construction and project-related activities. Geographically, the company generates almost all of its revenue within India.

Trina Solar is one of the top four Chinese solar module producers. Trina's products are available in over 170 countries and regions. The company operates a vertically integrated production process, covering everything from solar wafers and cells to complete modules.

Enphase Energy is a global energy technology company. It delivers smart, easy-to-use solutions that manage solar generation, storage, and communication on one platform. The company's microinverter technology primarily serves the rooftop solar market and produces a fully integrated solar-plus-storage solution. Enphase derives a majority of revenue from the United States.

CSI Solar is a leading Chinese solar module producer, ranking seventh by solar module shipments in 2024. The company's products are available in over 160 countries and regions. CSI operates a vertically integrated production process, encompassing solar wafers, cells, and module production.

State-owned miner and power producer. It mines lignite in Neyveli, Tamil Nadu, and runs lignite and thermal power plants plus a growing solar and wind portfolio. Power is sold to state utilities. Headquartered in Neyveli.

Greencoat UK Wind PLC is a renewable infrastructure fund, solely and fully invested in operating UK wind farms. The company aims to provide investors with an annual dividend that increases in line with RPI inflation. It also tries to preserve the capital value of its investment portfolio in the long-term on a real basis through reinvestment of excess cash flow and the prudent use of portfolio leverage. The company invests in both onshore and offshore wind farms. All of the group's income is generated within the UK.

State-owned non-banking lender dedicated to renewable energy, energy efficiency and clean power projects. It provides project and term loans to developers and manufacturers of solar, wind, hydro and related assets. Headquartered in New Delhi.

Acciona Energía Internacional is a renewable electricity generation business established in 2014 to hold most of Acciona’s operating renewable energy assets outside Spain. Its portfolio initially comprised approximately 2.3 gigawatts of generation capacity across fourteen countries. The business owns renewable power assets and generates electricity for sale into local energy markets. Its international footprint includes the United States, Mexico, Canada, Australia, Italy, Portugal and South Africa. By 2020 the portfolio comprised fifty-two renewable energy assets, predominantly onshore wind farms, with combined net generation capacity of about 2.3 gigawatts. Acciona continued to manage the portfolio alongside outside infrastructure investors. The company represents an international operating asset subsidiary within the broader Acciona energy group.

Independent power producer of solar, wind and hybrid renewable projects with storage. Power is sold to government-backed buyers under long-term contracts. Headquartered in Gurugram.

Jinko Solar is the largest Chinese solar module manufacturer by global shipment in 2024. Jinko's products are distributed across nearly 200 countries and regions. The company operates a vertically integrated production process, spanning from solar wafer and cell manufacturing to module production. Jinko's N-type cell capacity is industry-leading in scale.

Xinyi Solar Holdings Ltd is an investment holding company. Along with its subsidiaries, it is engaged in the production and sale of solar glass products and the development and operation of solar farms. The company's operating segments include sales of solar glass and solar farm business, which includes solar farm development and solar power generation. A majority of its revenue is generated from the sales of solar glass. Geographically, it derives maximum revenue from Mainland China, followed by other areas in Asia, North America and Europe, and other regions.

Sunrun is engaged in the design, development, installation, sale, ownership, and maintenance of residential solar energy systems in the United States. The company acquires customers directly and through relationships with various solar and strategic partners. The solar systems are constructed by Sunrun or by Sunrun’s partners and are owned by the company. Sunrun’s customers typically enter into 20- to 25-year agreements to utilize its solar energy system. The company also sells solar energy systems and products, such as panels and racking, and solar leads generated to customers.

Solaria Energia y Medio Ambiente SA is a solar photovoltaic (PV) power generation company. It is also engaged in the solar power plant custom operation and maintenance services and development and management of PV projects. The company owns, manages and operates PV plants in Spain, Italy, Uruguay, Greece and Brazil.

Renewable power generator and subsidiary of NTPC. It builds and operates solar and wind parks and sells electricity to state utilities and government-backed buyers under long-term contracts. Headquartered in New Delhi region.

Longroad Energy is a Boston-headquartered renewable-energy developer, owner and operator formed in 2016. It originates, finances, constructs and manages utility-scale solar, wind and battery-storage projects across the United States. Customers and counterparties include utilities, electricity buyers, grid operators, landowners and institutional capital partners. Revenue is generated through long-term power sales, project monetisations and asset-management services for owned and third-party facilities. The company was established by an experienced management team with capital from NZ Super Fund and Infratil and later admitted MEAG as a co-investor. Successive Fund commitments in 2022, 2023 and 2024 financed Longroad's project pipeline and strategy to become a scaled independent power producer.

TotalEnergies' onshore solar and wind assets unit is a power generation company that manages utility-scale solar and wind facilities.