Gujarat-based Sahaj Solar has announced a joint venture between its subsidiary Sahaj Renewable Energy Trading-FZCO And Clarion Investments LLC to be determined Sahaj Energy Solar Panels Manufacturing LLC in the UAE.
The joint venture will develop a 750 MW solar panel manufacturing facility at an unspecified location in the Middle East. The new factory will target global markets, with a strategic focus on GCC countries including the UAE, Qatar, Bahrain, Saudi Arabia, Kuwait and Oman, as well as the United States.
The partnership combines the manufacturing expertise of Sahaj Solar with the logistics capabilities of Clarion Investments.
The facility will produce solar panels for both the domestic and international markets.
Founded in 2010 and based in Ahmedabad, Sahaj Solar is recognized by India’s Ministry of New and Renewable Energy (MNRE). It currently operates a 100 MW solar panel production line at the Bavla plant in Gujarat, with a 1.5 GW capacity expansion planned. The company also provides solar water pumping systems, street lighting and off-grid and microgrid solar solutions in India and export markets.
Clarion Investments is a commercial real estate investment manager headquartered in New York City. It operates as an independent subsidiary of Franklin Templeton, a California-based multinational holding company and one of the largest asset managers in the world.
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