Introduction to the Agreement

Synergy Green Industries Limited, a leading manufacturer of large-size critical castings for wind turbines, has entered into a supply agreement with Envision Energy India Pvt. Ltd.. This collaboration involves manufacturing castings for Envision’s wind turbines, furthering the company's reputation as a reliable supplier to global wind OEMs.

About Envision Energy

Envision Energy is one of the top global Original Equipment Manufacturers (OEMs) in the wind energy sector. It operates a 3 GW per annum assembly facility in Pune, India, with existing Indian installations of over 1.5 GW. The company has a strong order pipeline of 7.7 GW, underlining its market leadership in renewable energy solutions.

Key Highlights of the Agreement

The supply agreement reflects a long-term commitment between the two companies, aiming to bolster the production of EN-156 3.3 MW turbines for the Indian market.

Projected Benefits for Synergy Green Industries:

• Capacity Utilization: Envision Energy’s projections estimate that Synergy Green will utilize over 10,000 MT annually of its production capacity over the next three years.
• Product Expertise: Synergy Green will leverage its experience with global platforms such as Vestas and Siemens Gamesa to develop and produce high-quality castings.
• Serial Production Timeline: Product development is expected to take six months, with serial production commencing in the second half of FY 2026.

Synergy Green’s Manufacturing Excellence

Located in Kolhapur, Maharashtra, Synergy Green Industries boasts state-of-the-art manufacturing facilities dedicated to producing critical wind turbine parts. The company has established itself as a reliable supplier to global wind turbine OEMs, thanks to its advanced technologies and consistent product quality.

Key Capabilities:

• Expertise in producing large-size critical castings.
• Proven track record with major players like Vestas and Siemens Gamesa.
• Robust infrastructure to support the growing demand for wind turbine components.

Impact on Renewable Energy Sector

This collaboration aligns with the increasing demand for renewable energy solutions in India and globally. By enhancing its production capacity and partnering with a leader like Envision Energy, Synergy Green is well-positioned to contribute significantly to the growth of the wind energy sector.

Market Trends Driving the Agreement:

• The Indian government’s focus on renewable energy expansion, aiming for 175 GW of renewable capacity by 2025.
• Increasing investments in wind energy projects to reduce carbon emissions.
• Rising demand for locally manufactured components to support self-reliance in renewable energy technologies.

Disclaimer for Investors

While the agreement highlights promising order book projections, it is based on Envision Energy’s forecast and business allocation to Synergy Green. Investors are advised to consider these factors when making decisions.

Conclusion

The partnership between Synergy Green Industries and Envision Energy India represents a significant step in advancing renewable energy manufacturing in India. With a robust production pipeline and a shared vision for sustainability, this collaboration is expected to deliver long-term benefits for both companies and stakeholders.

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