Dome Group and InSolare Energy Form Joint Venture for Solar Projects Across the Middle East - SolarQuarter
Dome Group and InSolare Energy Form Joint Venture for Solar Projects Across the Middle East - SolarQuarter
The Dome Group and InSolare Energy have officially signed a Joint Venture Agreement to target Utility-scale and Commercial & Industrial Ground Mounted Solar PV projects across the GCC, Yemen, and Iraq. This collaboration brings together Dome’s expertise in the Middle Eastern Solar market and InSolare’s extensive experience in large-scale projects in India over the past 15 years. The joint venture aims to establish itself as a leading EPC solar solution provider in the region.
Khaled Daair, Dome’s Group Managing Director, expressed his satisfaction with the partnership, highlighting the successful collaboration between Dome and InSolare on previous solar projects in the UAE. He emphasized the importance of formalizing this relationship to pursue larger solar projects across their existing geographic footprint.
Navashil Sharma, CEO of InSolare, echoed Daair’s sentiments, emphasizing the synergies between the two organizations and their shared goal of expanding into new markets. He expressed confidence in the partnership and the opportunity to leverage InSolare’s experience and expertise in the Middle East with a trusted local partner like Dome.
Established in 1997, the Dome Group is a 100% UAE-owned company that entered the Solar market in 2015 with the establishment of its subsidiary, Dome Advanced Electromechanical Works LLC (DAEW). DAEW has since become one of the UAE’s top Solar EPC companies, focusing on the Commercial & Industrial rooftop market.
InSolare Energy, headquartered in Bangalore, India, has established itself as one of India’s leading Renewable Energy Solutions Providers since its inception in 2009. With a portfolio of over 1GW of installed capacity across mid to large-scale projects, InSolare has served more than 100 marquee clients in India.
Through this joint venture, Dome Group and InSolare Energy are poised to make significant strides in the Middle Eastern solar market, leveraging their combined expertise and resources to drive the adoption of solar energy across the region.
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Declining costs and government encouragement have resulted in a rapid increase in solar energy production in the United States over the past 10 years, although solar’s share remains small: 1.6 percent of all electricity generation in 2018. That rapid growth is projected to continue.