Portfolio Tracker
Alle Depots an einem Ort. Dein Gesamtvermögen immer im Blick, tiefgründige Renditeanalysen und Dividendenplaner.
Anzeige
EQS-News

'Green Giant' Envision Energy Unveils Strategic Joint Venture (JV) with Public Investment Fund (PIF) to Drive Renewable Energy Growth in the Middle East 17.07.2024, 07:30 Uhr von EQS News Jetzt kommentieren: 0

EQS-News: Envision Energy / Key word(s): Joint Venture
'Green Giant' Envision Energy Unveils Strategic Joint Venture (JV) with Public Investment Fund (PIF) to Drive Renewable Energy Growth in the Middle East

17.07.2024 / 07:30 CET/CEST
The issuer is solely responsible for the content of this announcement.


 

"Green Giant" Envision Energy Unveils Strategic Joint Venture (JV) with Public Investment Fund (PIF) to Drive Renewable Energy Growth in the Middle East

Envision Energy (www.Envision-Group.com), recognized as the "Green Giant" among the “2024 TIME100 Most Influential Companies”, has unveiled a strategic joint venture (JV) with Saudi Arabia's Public Investment Fund (PIF) and Vision Industries. This venture aims to accelerate the wind power growth throughout the Middle East, committing to driving the region's journey towards a cleaner, more sustainable future.

The JV will focus on manufacturing and assembling the wind turbines and components, including blades, nacelles and hubs. Under the agreement, Envision Energy holds the majority share in the JV, while PIF and Vision Industries hold the remainder. The collaboration will support Saudi Arabia’s goal of localizing 75% of renewable energy components by 2030, in line with the Saudi Ministry of Energy’s National Renewable Energy Program.

PIF is the sovereign wealth fund of Saudi Arabia and one of the world’s most impactful investor. It embraces the Kingdom’s energy transformation mission by developing upcoming renewable energy initiatives, including wind power, photovoltaics, hydrogen, energy storage, etc. Vision Industries is a leading investor and developer of green energy industrial projects and local supply chains. Globally, PIF chose Envision as its JV partner due to Envision’s leading position in green power, encompassing smart wind power, energy storage systems, and green hydrogen solutions that address the challenges of climate change. The company has topped the wind power order intake for two consecutive years, making it a key player in the worldwide energy transition.

Envision’s JV with both parties brings together PIF's robust investment capabilities and Envision Energy's cutting-edge wind power technology, highlighting the profound international cooperation and shared vision for transitioning to clean energy. This partnership marks a significant step toward Saudi Arabia's Vision 2030 objectives and advances global efforts in the clean energy transition and sustainable future.

The ceremony was attended by H.E. Yasir Othman Al-Rumayyan, the Governor of PIF, Lei Zhang, Chairman of Envision, and board members of Vision Industries, among others.

Distributed by APO Group on behalf of Envision Energy.

Download image: https://apo-opa.co/3xXBSrW



17.07.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com


1947645  17.07.2024 CET/CEST

fncls.ssp?fn=show_t_gif&application_id=1947645&application_name=news&site_id=boersennews_de~~~d41e2cc8-bdcb-47ba-bb51-c77a04513666
Kommentare (0) ... diskutiere mit.
k.A. k.A. k.A. k.A.
k.A. k.A. k.A. k.A.
k.A. k.A. k.A. k.A.
Weitere News

Gestern 23:15 Uhr • Artikel • dpa-AFX

Gestern 23:09 Uhr • Artikel • dpa-AFX

Gestern 22:51 Uhr • Artikel • dpa-AFX

Gestern 22:38 Uhr • Artikel • dpa-AFX

Schreib den ersten Kommentar!

Dis­clai­mer: Die hier an­ge­bo­te­nen Bei­trä­ge die­nen aus­schließ­lich der In­for­ma­t­ion und stel­len kei­ne Kauf- bzw. Ver­kaufs­em­pfeh­lung­en dar. Sie sind we­der ex­pli­zit noch im­pli­zit als Zu­sich­er­ung ei­ner be­stim­mt­en Kurs­ent­wick­lung der ge­nan­nt­en Fi­nanz­in­stru­men­te oder als Handl­ungs­auf­for­der­ung zu ver­steh­en. Der Er­werb von Wert­pa­pier­en birgt Ri­si­ken, die zum To­tal­ver­lust des ein­ge­setz­ten Ka­pi­tals füh­ren kön­nen. Die In­for­ma­tion­en er­setz­en kei­ne, auf die in­di­vi­du­el­len Be­dür­fnis­se aus­ge­rich­te­te, fach­kun­di­ge An­la­ge­be­ra­tung. Ei­ne Haf­tung oder Ga­ran­tie für die Ak­tu­ali­tät, Rich­tig­keit, An­ge­mes­sen­heit und Vol­lständ­ig­keit der zur Ver­fü­gung ge­stel­lt­en In­for­ma­tion­en so­wie für Ver­mö­gens­schä­den wird we­der aus­drück­lich noch stil­lschwei­gend über­nom­men. Die Mar­kets In­side Me­dia GmbH hat auf die ver­öf­fent­lich­ten In­hal­te kei­ner­lei Ein­fluss und vor Ver­öf­fent­lich­ung der Bei­trä­ge kei­ne Ken­nt­nis über In­halt und Ge­gen­stand die­ser. Die Ver­öf­fent­lich­ung der na­ment­lich ge­kenn­zeich­net­en Bei­trä­ge er­folgt ei­gen­ver­ant­wort­lich durch Au­tor­en wie z.B. Gast­kom­men­ta­tor­en, Nach­richt­en­ag­en­tur­en, Un­ter­neh­men. In­fol­ge­des­sen kön­nen die In­hal­te der Bei­trä­ge auch nicht von An­la­ge­in­te­res­sen der Mar­kets In­side Me­dia GmbH und/oder sei­nen Mit­ar­bei­tern oder Or­ga­nen be­stim­mt sein. Die Gast­kom­men­ta­tor­en, Nach­rich­ten­ag­en­tur­en, Un­ter­neh­men ge­hör­en nicht der Re­dak­tion der Mar­kets In­side Me­dia GmbH an. Ihre Mei­nung­en spie­geln nicht not­wen­di­ger­wei­se die Mei­nung­en und Auf­fas­sung­en der Mar­kets In­side Me­dia GmbH und de­ren Mit­ar­bei­ter wie­der. Aus­führ­lich­er Dis­clai­mer