Envision Energy has announced, on Monday, to provide approximately 100 turbines, each with a capacity of 3.3 MW, for a 300-MW onshore wind initiative slated for development in Karnataka. This project is being led by Copenhagen Infrastructure Partners (CIP), an investment fund, in collaboration with Viviid Renewables (Viviid), marking a robust partnership in the southern region. Envision Energy highlighted its involvement in the venture, emphasizing its contribution to advancing sustainable energy efforts in the state.
Envision Energy, working in green technology, is focused on delivering renewable energy solutions to enterprises, governments, and institutions worldwide. Guided by the mission to address sustainability challenges, the company consistently drives down the costs of renewable energy production, storage, and synergy through continuous technological innovation. Its core business sectors encompass Smart Wind Turbines, Energy Storage, and Green Hydrogen Solutions, enabling Envision Energy to provide comprehensive solutions for energy transformation. The company actively manages the Envision-Hongshan Carbon-Neutral Fund and has the ownership of the Envision Racing Formula E team, which clinched the Formula E Teams’ Championship in 2023.
Envision Energy strategically places its research and development (R&D) and engineering centers across key locations, including China, the United States, the UK, France, Germany, Denmark, and more. Envision Energy has committed to the “Business Ambition for 1.5°C” through its participation in the Science Based Targets initiative (SBTi) since 2021. It has achieved carbon neutrality across its global operations by 2022 and aims to extend carbon neutrality throughout its value chain by 2028. Envision Energy’s contributions have earned it recognition, ranking second in Fortune’s 2021 “Change the World” list and securing a spot among the Top 10 in the 2019 ‘World’s 50 Smartest Companies’ by the MIT Technology Review.
Copenhagen Infrastructure Partners (CIP) operates as a fund management company specializing in energy infrastructure investments. With its portfolio in renewable energy projects, CIP focuses on creating sustainable and long-term value for its investors. Their expertise lies in developing and managing renewable energy assets, with a particular emphasis on wind, solar, biomass, and energy storage projects. Viviid Renewables is focused on driving the adoption of renewable energy solutions, particularly in solar power. Leveraging innovative technologies, Viviid Renewables designs and implements solar energy projects, aiming to expand access to clean energy while reducing carbon emissions.
Envision Energy has recently formalized a deal by entering into a turbine supply agreement with CIP for the acquisition of EN 156 3.3 MW turbines, marking a strategic partnership with Envision Wind Power Technologies India. In this collaboration, Viviid, specializing in balance-of-plant works and services, assumes a crucial role while also securing a minority ownership stake in the project. Envision Energy refrained from revealing any financial specifics pertaining to the project, opting to withhold such information. Instead, they indicated their focus to provide a fleet of turbines numbering between 95 to 100 units for the envisaged project, slated to reach completion by the conclusion of 2025.
“We look forward to continuing the successful collaboration and realizing these projects which contribute to local growth and job creation while delivering attractive returns for our fund investors,” Peter Sjontoft, Associate Partner in CIP, said. Kane Xu, Global Vice President of Envision Energy and Chairman of Envision Energy India, said, “It has become imperative for us to collaborate and accelerate green energy transition to avert the climate crisis. This partnership is a testament to our long-term commitment in solving the challenges for a sustainable future. Together, we can develop reliable renewable energy solutions in India.”