Envision Energy to supply 100 turbines for 300-MW offshore wind project
11 Jan 2024
2 Min Read
CW Team
Envision Energy announced its commitment to supply approximately 100 turbines, each with a capacity of 3.3 MW, for a 300-MW offshore wind venture in Karnataka. This initiative, spearheaded by the investment fund Copenhagen Infrastructure Partners (CIP) on behalf of Viviid Renewables (Viviid), will be realized through a strategic partnership.
Envision Wind Power Technologies India, under a turbine supply agreement, has enlisted CIP for the delivery of EN 156 3.3 MW turbines. Meanwhile, Viviid will undertake the balance-of-plant tasks and services and secure a minority ownership stake in the project. Despite the absence of specific financial details in the statement, Envision Energy is set to deliver 95-100 turbines for the project, projected to reach completion by the end of 2025.
Peter Sjntoft, Associate Partner at CIP, expressed enthusiasm about the ongoing collaboration, emphasising the positive impact on local growth, job creation, and returns for fund investors. Kane Xu, Global Vice President of Envision Energy and Chairman of Envision Energy India, highlighted the imperative need for collaboration to accelerate the green energy transition and address climate challenges. This partnership, Xu asserted, underscores the company's steadfast commitment to sustainable solutions for a greener future. Copenhagen Infrastructure Partners (CIP) is acknowledged as the world's largest dedicated fund manager specialising in greenfield renewable energy investments, particularly in offshore wind projects.
Envision Energy, a prominent player in the industry, specialises in designing, manufacturing, and operating intelligent wind turbines and energy storage systems. Additionally, the company is actively engaged in providing solutions for green hydrogen, reinforcing its role in advancing sustainable energy solutions in India and beyond.
Envision Energy announced its commitment to supply approximately 100 turbines, each with a capacity of 3.3 MW, for a 300-MW offshore wind venture in Karnataka. This initiative, spearheaded by the investment fund Copenhagen Infrastructure Partners (CIP) on behalf of Viviid Renewables (Viviid), will be realized through a strategic partnership.
Envision Wind Power Technologies India, under a turbine supply agreement, has enlisted CIP for the delivery of EN 156 3.3 MW turbines. Meanwhile, Viviid will undertake the balance-of-plant tasks and services and secure a minority ownership stake in the project. Despite the absence of specific financial details in the statement, Envision Energy is set to deliver 95-100 turbines for the project, projected to reach completion by the end of 2025.
Peter Sjntoft, Associate Partner at CIP, expressed enthusiasm about the ongoing collaboration, emphasising the positive impact on local growth, job creation, and returns for fund investors. Kane Xu, Global Vice President of Envision Energy and Chairman of Envision Energy India, highlighted the imperative need for collaboration to accelerate the green energy transition and address climate challenges. This partnership, Xu asserted, underscores the company's steadfast commitment to sustainable solutions for a greener future. Copenhagen Infrastructure Partners (CIP) is acknowledged as the world's largest dedicated fund manager specialising in greenfield renewable energy investments, particularly in offshore wind projects.
Envision Energy, a prominent player in the industry, specialises in designing, manufacturing, and operating intelligent wind turbines and energy storage systems. Additionally, the company is actively engaged in providing solutions for green hydrogen, reinforcing its role in advancing sustainable energy solutions in India and beyond.
Next Story
Reliance, Diehl Advance Pact for Precision-Guided Munitions
Diehl Defence CEO Helmut Rauch and Reliance Group鈥檚 Founder Chairman Anil D. Ambani have held discussions to advance their ongoing strategic partnership focused on Guided and Terminally Guided Munitions (TGM), under a cooperation agreement originally signed in 2019.This collaboration underscores Diehl Defence鈥檚 long-term commitment to the Indian market and its support for the Indian Government鈥檚 Make in India initiative. The partnership鈥檚 current emphasis is on the urgent supply of the Vulcano 155mm Precision Guided Munition system to the Indian Armed Forces.Simultaneously, the 鈥淰ulc..
Next Story
Modis Navnirman to Migrate to Main Board, Merge Subsidiary
Modis Navnirman Limited has announced that its Board of Directors has approved a key strategic initiative involving migration from the BSE SME platform to the Main Board of both BSE and NSE, alongside a merger with its wholly owned subsidiary, Shree Modis Navnirman Private Limited.The move to the main boards marks a major milestone in the company鈥檚 growth trajectory, reflecting its consistent financial performance, robust corporate governance, and long-term commitment to value creation. This transition will grant the company access to a broader investor base, improve market participation, en..
Next Story
Global Capital Flows Remain Subdued, EMEA Leads in Q1 2025
The Bharat InvITs Association鈥檚 industry update for Q1 2025 shows subdued global capital flows, with investment volumes remaining at the lower end of the five-year range despite a late 2024 recovery. According to data from Colliers and MSCI Real Capital Analytics, activity in North America declined slightly, while EMEA maintained steady levels and emerged as the top region for investment in standing assets.The EMEA region now hosts seven of the top ten cross-border capital destinations for standing assets, pushing the United States鈥� share of global activity below 15 per cent. Meanwhile, in..
