Envision Energy International and AM Green, a venture by Greenko Group, have inked a groundbreaking MOU during the World Economic Forum in Davos. The partnership focuses on manufacturing wind turbines for AM Green's clean energy projects in India and collaborating on green hydrogen initiatives. This venture aligns with AM Green's goal of establishing a robust supply chain for high-quality, cost-effective wind turbines, contributing to India's renewable energy landscape.
In a significant collaboration unveiled at the World Economic Forum's Annual Summit, Envision Energy International and AM Green, a venture backed by the founders of Greenko Group, have signed a Memorandum of Understanding (MOU). The MOU outlines a strategic partnership aimed at manufacturing wind turbines for AM Green's clean energy endeavors in India and joint efforts in the green hydrogen domain.
The partnership capitalizes on the complementary strengths of AM Green and Envision, fostering the manufacture, supply, and service of wind turbines tailored to AM Green's requirements in India. AM Green, committed to sourcing at least 2GW of capacity annually over the next three years, envisions the wind turbines powering the production of renewable green molecules.
Mahesh Kolli, President of AM Green, expressed enthusiasm, stating, "This partnership brings together industry specialists to create sustainable ventures for the long term, contributing to global decarbonization."
As part of AM Green's broader strategy, this collaboration aims to fortify the supply chain for high-quality, cost-effective wind turbines in India. The goal is to achieve economically efficient 24x7 power supply for green molecule plants across the country.
Beyond wind energy, AM Green and Envision will embark on joint ventures in green hydrogen projects and the development of net-zero industrial parks. The collaboration extends to establishing green hydrogen industrial standards, drawing upon the technical expertise of both entities.
Kane Xu, Global VP and Country President – India, at Envision, remarked, "Envision is very pleased to partner with AM Green, part of the Greenko Group, one of India's leading renewable energy conglomerates. This exciting partnership will provide cutting-edge solutions to positively impact India's aggressive net-zero and green energy goals."
This collaboration signals a pivotal moment in advancing sustainable energy solutions in India, aligning with the nation's ambitious goals for decarbonization and green energy adoption.
The partnership between AM Green and Envision Energy International, forged through a Memorandum of Understanding at the World Economic Forum, marks a significant stride toward sustainable energy solutions in India. By focusing on manufacturing wind turbines for AM Green's clean energy projects and collaborating on green hydrogen initiatives, this alliance contributes to India's aggressive net-zero and green energy goals. The collaboration not only strengthens the supply chain for wind turbines but also propels the development of economically efficient 24x7 power supply for green molecule plants across the country. The joint efforts in green hydrogen projects and the establishment of net-zero industrial parks underscore the commitment of both entities to shaping a greener and more sustainable future for India.