• En
    • ع
Thursday, June 5, 2025
Daleel News
  • Home
  • Industry
  • Energy
  • Mining
  • Logistics
  • Supply chain
No Result
View All Result
  • Home
  • Industry
  • Energy
  • Mining
  • Logistics
  • Supply chain
No Result
View All Result
Daleel News
  • En
    • ع

Envision Energy Forms Strategic Partnership in Saudi Arabia

New JV to Boost Renewable Energy Manufacturing

by Huda Marshad
July 16, 2024
in Energy
Copy Link شارك على فيسبوكشارك على تويتر

Envision Energy, a prominent Chinese turbine manufacturer, has established a strategic joint venture (JV) with the Public Investment Fund (PIF) of Saudi Arabia.

This new business collaboration will concentrate on the production and assembly of essential wind turbine components, including blades, nacelles, and hubs.

In this JV, Envision Energy retains majority ownership, with the PIF and Vision Industries owning the remaining shares.

The partnership is set to advance Saudi Arabia’s ambition to localize 75% of its renewable energy components by 2030. This is a key objective of the Saudi Ministry of Energy’s National Renewable Energy Program.

The PIF, Saudi Arabia’s sovereign wealth fund, is actively investing in emerging renewable energy projects, such as wind energy, solar power, hydrogen, and energy storage technologies.

Vision Industries, participating as an investor and developer, focuses on green energy industrial projects and establishing local supply chains.

Envision was chosen by the PIF for its global prominence in sustainable power solutions, including smart wind technologies, energy storage, and green hydrogen, all aimed at mitigating climate change impacts.

Distinguished guests at the signing ceremony included PIF governor Yasir Othman Al-Rumayyan, Envision’s chairman Lei Zhang, and board members from Vision Industries.

Tags: Envision EnergyJoint VenturePublic Investment FundRenewable EnergySaudi Arabia
Copy Link ShareShareTweetSend

Related Posts

Energy

Small Modular Reactor Technology Powers GCC Energy Future

June 5, 2025
Energy

NEOM Green Hydrogen Plant Nears Completion in Saudi Arabia

June 5, 2025
Energy

GameChange Solar Doubles Saudi Manufacturing Capacity to 6 GW

June 4, 2025
SNT Gulf’s Localization Agreement Boosts Saudi Energy Sector
Energy

SNT Gulf’s Localization Agreement Boosts Saudi Energy Sector

June 1, 2025
Energy

Rabigh 2 Solar Project Reaches Financial Close in Saudi Arabia

June 1, 2025
Energy

Shuaibah Solar Power Plant: Middle East’s Largest Renewable Project

May 29, 2025

Recommended News

Nissan-PIF Partnership: A New Chapter in Auto Industry

Nissan-PIF Partnership: A New Chapter in Auto Industry

April 21, 2025
Feeder Shipping Growth in Saudi Arabia: A 2030 Powerhouse

Feeder Shipping Growth in Saudi Arabia: A 2030 Powerhouse

April 19, 2025
King Salman Automotive Cluster Drives Saudi Automotive Growth

King Salman Automotive Cluster Drives Saudi Automotive Growth

April 23, 2025

Browse by Categories

  • Climate
  • Energy
  • Industry
  • Logistics
  • Mining
  • Supply chain

Browse by Topics

Battery Energy Storage clean energy digital transformation Economic Diversification Economic Growth Electric Vehicles Energy Storage energy transition Exploration Licenses GFH Financial Group Global Logistics Global Logistics Forum green hydrogen Industry 4.0 Innovation Investment JinkoSolar Joint Venture Logistics Hub Logistics Infrastructure Manufacturing Mineral Resources Mining Industry mining sector Renewable Energy Saudi Arabia Saudi Arabia Logistics Saudi Arabia Mining Saudi Vision 2030 Solar Energy Solar Power solar projects supply chain Supply Chain Management Sustainability Sustainable Development Vision 2030 Wind Energy wind power استثمار السعودية السيارات الكهربائية الطاقة الشمسية سلسلة التوريد صناعة التعدين

Follow Us

Follow us on social media:
Recent News
Recent Posts
  • Small Modular Reactor Technology Powers GCC Energy Future
  • NEOM Green Hydrogen Plant Nears Completion in Saudi Arabia
  • GameChange Solar Doubles Saudi Manufacturing Capacity to 6 GW
Categories
Categories
  • Climate
  • Energy
  • Industry
  • Logistics
  • Mining
  • Supply chain
Newsletter
Subscribe to our mailing list to receives daily updates direct to your inbox!
All rights reserved for the National Industrial Development and Logistics Program
  • Home
  • Privacy Policy
No Result
View All Result
  • Home
  • Industry
  • Energy
  • Mining
  • Logistics
  • Supply chain
  • Privacy Policy

All rights reserved for the National Industrial Development and Logistics Program