Envision Energy, a developer of renewable energy solutions, has acquired a 350 MW wind energy project from Serentica Renewables. Envision made this announcement in a press release today, however, they did not provide the order’s worth.
‘Envision will provide Serentica’s wind park with a total of 106 EN156/3.3 MW Wind Turbine Generators (WTGs). When completed, it would generate 1.25 billion clean energy units and prevent the yearly emission of 1.06 million tons of CO2, according to a statement from Envision.
By December 2024, the project, which will be located in Maharashtra, is expected to be operational.
CEO of Envision Wind Power Technologies India, RPV Prasad, stated in the announcement, ‘We are thrilled to join with Serentica Renewables in creating this prestigious wind power in Maharashtra. The wind turbine nacelles and hubs will be put together in Pune, the blades in factories in Trichy or Bengaluru, and the towers will come from Maharashtra-based suppliers.
CEO of Serentica Renewables Akshay Hiranandani stated to ET, ‘This project is a critical step in fast-tracking our industrial decarbonization efforts and a major investment in the future of our planet and our economy.’
Envision will provide 106 units of its cutting-edge EN156/3.3 wind turbine generators for the wind park in accordance with the contract’s stipulations. According to the business, these turbines have already shown to be dependable and effective in projects throughout China and Vietnam. According to reports, the turbines, which have a rotor diameter of 156 meters, a hub height of 140 meters, and a rated capacity of 3.3 MW, were specially created to work as well as possible under India’s particular wind conditions.
Green hydrogen solutions are offered by Envision Energy, which also creates, manufactures, and manages intelligent wind turbines and energy storage systems.
Serentica Renewables (India), a decarbonization platform founded in 2022, aims to offer 24/7 renewable energy solutions that would facilitate the switch of large-scale, energy-intensive enterprises to clean energy.
For feedback and suggestions, write to us at editorial@iifl.com
Related Tags
Invest wise with Expert advice
IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000
IIFL Capital Services Support WhatsApp Number
+91 9892691696
IIFL Securities Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)
This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.