- This partnership holds great promise in advancing India’s renewable energy goals
- Both companies can also establish a Joint Venture to execute projects within India
Goldi Solar has signed a Memorandum of Understanding (MoU) with Desert Technologies. The aim of this agreement is to expand renewable energy opportunities in India, Saudi Arabia, and globally.
Under this agreement, Goldi Solar will provide TOPCON/HJT technologies to localise a significant portion of India’s renewable energy value chain, encompassing R&D and manufacturing. The main reason for this partnership is to make Original Equipment Manufacturer (OEM) supply for PV Module manufacturing, PV cell production, EVA encapsulants, and back sheets production.
The strategic partnership between Goldi Solar and Desert Technologies appears to be quite comprehensive and aimed at collaboration in various areas. This collaboration will not be only focused on the private sector, as both companies will also lead relationships with public and semi-public organizations within their respective regions in India and Saudi Arabia. As part of the MoU, the companies can also establish a Joint Venture to execute projects within India upon mutual agreement and capitalize on investment opportunities across various markets globally, including Europe and America. The percentage of each Party’s participation in the JV will be tailored to individual projects.
Goldi Solar’s Founder and Managing Director, Capt. Ishver Dholakiya, said, “We are delighted to announce our partnership with Desert Technologies. This collaboration signifies a positive step forward, demonstrating that our top-tier products and cutting-edge technologies empower our partners to achieve their sustainability goals. We eagerly anticipate working alongside Desert Technologies to make high-quality solar panels accessible to a wider audience and supporting the kingdom in achieving its contribution to Vision 2030 renewable goals.”
Khaled Sharbatly, CEO, Desert Technologies commented, “We have always been committed to creating the highest quality products that meet international standards. Goldi Solar’s esteemed reputation in the global renewable market made it clear that this agreement was the right step to take. Their expertise, products, and dedication to driving new technologies only reinforced our belief in them. We are confident that this partnership will deliver promising results, significantly contributing to the Saudi renewable market, and helping meet India’s renewable energy targets by 2030. We eagerly look forward to forging a long and robust partnership with Goldi Solar.”
This partnership holds great promise in advancing India’s renewable energy goals, including the target of generating 50 percent of its electricity from renewables by 2030.
