Envision Energy establishes JV with PIF and Vision for wind power in the Middle East
Envision Energy has formed a joint venture (JV) with Public Investment Fund (PIF) and Vision, sovereign wealth fund of Saudi Arabia Industries to boost wind power growth in the Middle East. As per the agreement, Envision Energy will hold the majority stake in the JV, while PIF and Vision Industries will hold the remaining stake. The JV will focus on manufacturing and assembling wind turbine components, including blades, nacelles, and hubs.
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