Envision Energy International, and AM Green, a hydrogen and green ammonia venture wholly owned and controlled by the founders of Greenko Group, signed a Memorandum of Understanding (MOU) to partner in the manufacture of wind turbines for AM Green's clean energy projects in India and to collaborate on green hydrogen projects. The MOU was signed during the World Economic Forum's Annual Summit in Davos, Switzerland.
AM Green and Envision will harness complementary capabilities to manufacture, supply and service wind turbines in India specific to AM Green's wind turbine requirements in the country. AM Green, through its customers, will look to commit to offtake of at least 2GW of capacity per year over the next three years. The wind turbines will supply energy to produce renewable green molecules.
Mahesh Kolli, President, AM Green said "This partnership is bringing together two industry specialists to harness their manufacturing strengths to create sustainable business ventures for the long term. We are excited about the opportunity ahead in global decarbonisation."
The partnership is part of AM Green's larger efforts to advance the development of a secure supply chain for high-quality, cost-effective wind turbines in India. Through such partnerships, AM Green aims to achieve the most economically efficient 24x7 power supply for its green molecule plants across India.
AM Green and Envision will also work jointly in development of green hydrogen projects and develop net zero industrial parks. In addition, both companies will draw on their technical expertise to jointly develop a set of applicable green hydrogen industrial standards.
Mr. Kane Xu, Global VP and Country President – India, at Envision said: "Envision is very pleased to partner with AM Green which is part of the Greenko Group, one of India's leading renewable energy conglomerates. Both Envision and AM Green share a similar vision for global decarbonization. This exciting partnership will also provide cutting edge solutions to positively impact India's aggressive net zero and green energy goals."
