Key Partnership Highlights
In a significant move towards renewable energy and global decarbonization, AM Green and Envision Energy announce their partnership at the World Economic Forum’s Annual Summit in Davos, Switzerland. The memorandum of understanding (MOU) signed between the two entities outlines collaboration on wind turbine manufacturing and green hydrogen projects.
Manufacturing Wind Turbines for Clean Energy
AM Green and Envision Energy will join forces to manufacture wind turbines in India, specifically tailored for AM Green’s clean energy projects. AM Green, a hydrogen and green ammonia venture under the Greenko Group, commits to offtake at least 2GW of capacity annually over the next three years.
Advancing Secure Supply Chains
The partnership is a strategic move by AM Green to establish a secure supply chain for high-quality and cost-effective wind turbines in India. The goal is to ensure an economically efficient 24×7 power supply for AM Green’s green molecule plants across the country.
Green Hydrogen and Net Zero Industrial Parks
AM Green and Envision Energy will collaborate on the development of green hydrogen projects and the creation of net-zero industrial parks. The partnership extends beyond manufacturing, aiming to set applicable green hydrogen industrial standards through shared technical expertise.
Leaders’ Vision for Global Decarbonization
Mahesh Kolli, President of AM Green, expresses excitement about the collaboration, emphasizing its potential to create sustainable business ventures for long-term global decarbonization. Kane Xu, Global VP and Country President – India, at Envision, sees the partnership as a means to positively impact India’s ambitious net-zero and green energy goals.
Source：prnewswire.com
