Marsons to join hands with NY-based Cleanhill Partners for transformer biz in US, Canada

Kolkata: Eastern India’s only EHV power transformer manufacturer Marsons Ltd and New York-based equity firm Cleanhill Partners have announced their intent to form a joint venture to accelerate transformer distribution, service and manufacturing operations across the United States and Canada.The joint venture combines Marsons’ transformer engineering and manufacturing capabilities and US project experience with Cleanhill’s market network, capital and operational expertise to address this growing demand.North America has a significant transformer supply gap, with manufacturing capacity constrained and lead times exceeding 24 months. North American utilities, renewable energy developers and other power infrastructure customers are increasingly focused on supply-chain diversification and reliable access to critical transformer equipment.Marsons is currently executing transformer orders for major US renewable energy and utility projects, including GSUs up to 200 MVA and pad-mounted units across multiple locations.You Can Also Check: Gold Rate in Kolkata | Silver Rate in Kolkata | Bank Holidays in Kolkata | Public Holidays in Kolkata | Kolkata AQI | Weather in Kolkata | Petrol Price in Kolkata | Diesel Price in Kolkata | CNG Price in Kolkata | LPG Price in KolkataStay updated with the latest Kolkata news. Download the TOI App.