Marsons to form JV with US-based Cleanhill Partners to tap North American market

New Delhi: Power transformer manufacturer Marsons Limited on Tuesday said it has agreed to form a joint venture with New York-based PE firm Cleanhill Partners to scale transformer distribution, service, and manufacturing operations across the US and Canada.

The partnership aims to address a critical transformer supply crunch in North America, where equipment lead times currently exceed 24 months amid rising demand from grid modernisations, renewable energy additions, and data centre power requirements, the company said in a statement.

Under the arrangement, the joint venture will combine Marsons' manufacturing capabilities with Cleanhill's capital and project network, with a longer-term plan to establish full-scale transformer manufacturing facilities in North America.


Marsons, which operates a 45,000 square-metre plant with an annual capacity of 12,000 mega-volt-amperes (MVA) and expanding to 26,000 MVA, is already executing equipment supply orders up to 200 MVA for utility-scale projects in the US.

Cleanhill Partners specialises in energy transition assets, with an investment portfolio spanning energy storage, power conversion systems, and solar tracker infrastructure. PTI