• En
    • ع
Saturday, July 12, 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’s Strategic Wind Power Expansion in the Middle East

New Joint Venture to Boost Regional Wind Energy

by Huda Marshad
August 12, 2024
in Energy
Copy Link شارك على فيسبوكشارك على تويتر

Envision Energy, distinguished as the ‘Green Giant’ by a prominent business listing in 2024, has unveiled a collaborative venture with Saudi Arabia’s Public Investment Fund (PIF) and Vision Industries, with the goal of propelling wind energy development across the Middle East, contributing to the region’s shift towards a more eco-friendly and renewable energy landscape.

The partnership aims to manufacture and assemble key wind turbine elements, such as blades, nacelles, and hubs. Envision Energy will maintain a majority stake in the joint venture, while PIF and Vision Industries will hold the remaining shares. This initiative is in harmony with Saudi Arabia’s objective to localise 75% of renewable energy components by 2030, an ambition set by the Saudi Ministry of Energy’s National Renewable Energy Program.

As a sovereign wealth fund, PIF is recognized as one of the globe’s most influential investors, central to the Kingdom’s strategic plan for energy transition. PIF actively promotes the development of renewable energy projects, including wind, solar, hydrogen, and energy storage. Vision Industries, with its strong proficiency in green energy projects and domestic supply chains, is an integral partner in this venture.

Envision Energy’s selection as PIF’s partner in this joint venture is attributed to its leading role in the renewable sector, with a focus on intelligent wind power solutions, energy storage, and green hydrogen technologies. The company’s consecutive leadership in wind power orders over the past two years underscores its significant contributions to the worldwide movement towards sustainable energy.

The synergy between Envision, PIF, and Vision Industries merges formidable investment expertise with state-of-the-art wind technology, symbolizing a powerful international alliance for clean energy progression. This strategic move is pivotal for realizing Saudi Arabia’s Vision 2030 goals and is indicative of a broader commitment to a global sustainable energy shift.

The inauguration of this joint venture was graced by esteemed attendees, including H.E. Yasir Othman Al-Rumayyan, the Governor of PIF; Lei Zhang, Chairman of Envision; and board members of Vision Industries, in addition to other distinguished personalities from the renewable energy domain.

Tags: Envision EnergyJoint VentureSaudi Arabiasustainable energywind power
Copy Link ShareShareTweetSend

Related Posts

Yanbu Wind Power Plant Boosts Saudi Renewable Energy
Energy

Yanbu Wind Power Plant Boosts Saudi Renewable Energy

July 9, 2025
ACWA Power Expands in China’s Renewable Energy Sector
Energy

ACWA Power Expands in China’s Renewable Energy Sector

July 8, 2025
Energy

380 kV Gas-Insulated Switchgear Powers Saudi Grid

July 6, 2025
Saudi Arabia’s Renewable Energy Initiative: Al Shuaibah Solar
Energy

Saudi Arabia’s Renewable Energy Initiative: Al Shuaibah Solar

July 2, 2025
Energy

AI Transformation in Energy: Driving Efficiency & Sustainability

June 29, 2025
Energy

EV Charging Tariffs Advance Saudi Arabia’s Energy Goals

June 26, 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 digital transformation Economic Diversification Economic Growth Electric Vehicles Energy Storage energy transition Exploration Licenses 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 NEOM Renewable Energy Saudi Arabia Saudi Arabia Logistics Saudi Arabia Mining Saudi Vision 2030 Solar Energy Solar Power solar projects supply chain supply chain innovation Supply Chain Management Sustainability Sustainable Development Vision 2030 Wind Energy wind power استثمار السعودية الطاقة الشمسية المركبات الكهربائية سلسلة التوريد صناعة التعدين

Follow Us

Follow us on social media:
Recent News
Recent Posts
  • Investment Fund Regulations: Saudi Arabia’s New CMA Reforms
  • 5G Standalone Indoor Coverage Debuts in Saudi Arabia
  • Yanbu Wind Power Plant Boosts Saudi Renewable Energy
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