Envision Energy to supply 100 turbines for 300-MW offshore wind project
POWER & RENEWABLE ENERGY

Envision Energy to supply 100 turbines for 300-MW offshore wind project

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
Real Estate

CRISIL Leases Rs 6 billion Office Space in Mumbai’s Powai

CRISIL, a leading global analytics and rating agency, has signed a long-term lease worth nearly Rs 6 billion for about 250,000 sq ft of office space in Mumbai’s Powai. The lease, among the largest in the city’s commercial property segment, spans approximately 15 years.The company will occupy a new building at Hiranandani Business Park in Powai, one of Mumbai’s most premium business districts known for its modern infrastructure and connectivity. The lease, structured on a long-term model, underscores the growing demand for high-quality, large-scale office spaces from financial and knowled..

Next Story
Real Estate

Kolte-Patil Acquires 7.5-Acre Pune Land with Rs 14 bn GDV

Kolte-Patil Developers has acquired a 7.5-acre land parcel in Pune’s western micro-market, with a projected gross development value (GDV) of around Rs 14 billion. The project will be developed as a premium residential community catering to mid and upper-income homebuyers. Located along the Baner-Balewadi corridor, the land is strategically positioned near Pune’s IT and commercial hubs. The acquisition is expected to strengthen the company’s presence in the city’s high-demand residential zones.According to the developer, the project will feature contemporary amenities and sustainab..

Next Story
Infrastructure Energy

Norwegian Fund Invests $20 Million in IPO-Bound SAEL

SAEL, backed by global investors including TPG Rise and Norfund, operates over 20 renewable projects across India, with a total capacity exceeding 600 MW. The company has been expanding aggressively in the waste-to-energy and solar segments as part of India’s broader clean energy transition.The funds raised through this investment will help SAEL accelerate project implementation, enhance operational efficiency, and reduce carbon emissions. The partnership also reinforces Norway’s growing interest in India’s renewable energy market, which continues to attract significant foreign capi..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?