The project will be set up by an investment fund, Copenhagen Infrastructure Partners, for Viviid Renewables, as per the agreement
Envision Energy said it will supply around 100 turbines for a 300 MW onshore wind project coming up in Karnataka.
The project will be set up by investment fund Copenhagen Infrastructure Partners (CIP) for Viviid Renewables (Viviid) in the southern state under a partnership, Envision Energy said.
"CIP has signed a turbine supply agreement for the EN 156 3.3 MW turbines with Envision Wind Power Technologies India. Viviid will provide balance-of-plant works and services and hold minority ownership in the project," it said.
In the statement, Envision Energy did not disclose any financial information with respect to the project.
Envision will supply turbines in the range of 95–100 for the project, which is expected to be completed by the end of 2025.
"We look forward to continuing the successful collaboration and realising these projects, which contribute to local growth and job creation while delivering attractive returns for our fund investors," Peter Sjøntoft, 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 the green energy transition to avert the climate crisis. This partnership is a testament to our long-term commitment to solving the challenges for a sustainable future. Together, we can develop reliable renewable energy solutions in India."
Denmark-based Copenhagen Infrastructure Partners (CIP) is the world's largest dedicated fund manager for greenfield renewable energy investments.
Envision Energy is a leading company that designs, manufactures, and operates smart wind turbines and energy storage systems, as well as providing green hydrogen solutions.