Follow India Renewable Energy News on WhatsApp for exclusive updates on clean energy news and insights

Sahaj Solar Plans 750 MW Solar Panel Manufacturing Facility in UAE with Strategic Partner

Sahaj Solar has approved plans to establish a 750 MW solar panel manufacturing facility in the United Arab Emirates, marking a significant step in its international expansion strategy. The project will be implemented through a step-down subsidiary in partnership with a strategic partner, according to a regulatory filing with the National Stock Exchange of India.

The decision was taken during a recent board meeting. The company had initially planned to develop the Phase-I manufacturing facility in India, but after evaluating market conditions and global pricing advantages, it decided to set up the plant in the United Arab Emirates to benefit from favorable economic and strategic opportunities available in international markets.

To execute the project, Sahaj Solar will incorporate a step-down subsidiary tentatively named Sahaj Energy Solar Panels Manufacturing L.L.C. The entity will be established through the company’s wholly owned subsidiary Sahaj Renewable Energy Trading – FZCO and will focus on solar panel manufacturing operations.

Under the proposed structure, Sahaj Renewable Energy Trading – FZCO will hold a 51% stake in the new entity, with the investment being made through cash consideration. The company plans to subscribe to 51 shares valued at AED 1,000 each, totaling AED 51,000, subject to regulatory approvals under both Indian and UAE laws.

Alongside the overseas expansion initiative, Sahaj Solar’s board also approved several corporate governance decisions. The company appointed Yagnavalkya Munindrabhai Joshi as Company Secretary and Compliance Officer effective March 7, 2026. Joshi is an Associate Member of the Institute of Company Secretaries of India and has over a decade of experience in corporate law and compliance.

The board also appointed Richi Prerak & Associates as the Secretarial Auditor for FY2025-26 and reconstituted the company’s Audit Committee, which will now be chaired by Niren Gautambhai Dalal.

Additionally, the board acknowledged the resignation of Poonam Pravinbhai Panchal from the position of Company Secretary and Compliance Officer, which had been previously communicated to the stock exchange.

The planned manufacturing facility reflects Sahaj Solar’s efforts to expand its global footprint and tap international markets, while strengthening its role in the rapidly growing solar manufacturing ecosystem.