Envision Energy, a green technology provider, has won a contract for 1.1GW onshore wind farm owned by ACWA Power in the Gulf of Suez region in Egypt. It will be one of the largest developments in the wind energy sector within the MENA region.

Suez Wind Energy developed with HAU Energy as the Saudi-based partner, and supported by the European Bank for Reconstruction and Development (EBRD). The wind farm comprises 138 state of the art wind turbines, type 8MW, developed for high wind and sandy environments designed by Envision Energy. Additionally, the project will include 25 years of long-term maintenance to ensure optimal reliability throughout its entire service life.

Innovation Driving Sustainability

Kane Xu, Senior Vice President and President of International Product Lines at Envision Energy said, “We are thrilled to be part of this transformative project in Egypt. By leveraging our cutting edge turbine technology and industry-leading supply chain integration, this project will set a new standard for large scale wind energy in the MENA region.”

He added, “As the world accelerates its transition to cleaner energy, this project highlights the power of innovation and collaboration to scale sustainability. It underscores our commitment to delivering tailored solutions that meet the unique challenges of renewable energy deployment in diverse environments.”

Envision Energy’s 8 MW platform turbines are highly customizable, with adjustable blade configurations and hub heights to maximize energy capture in diverse environmental conditions. Supported by Envision’s vertically integrated supply chain and in-house development and manufacturing, these turbines also offer superior quality and reliability.

Additionally, the integration of Envision’s Galileo system, which analyzes real-time wind data, enables precise load conditions for component- and system-level testing, ensuring unmatched performance.

Also read: Envision Energy India Secures Major Order from Juniper Green Energy

Economic and Environmental Impact

The 1.1GW wind farm marks a significant step for the MENA region in renewable energy. Besides upgrading Egypt’s clean energy infrastructure, the project will bring in investment, promote innovation, and create employment. In establishing a new benchmark for large-scale wind energy projects, it also marks Envision Energy’s commitment to accelerating the global energy transition and shaping a sustainable future.

Ecoplanet has raised €16 million in a Series A funding round led by EQT Ventures. HV Capital and other market experts also continued its support. The acquired funds will be directed towards the company’s go to market efforts. Additionally, the financing will enable the furhter develppment of ecoplanet’s AI powered energy management software.

The software developed by ecoplanet helps organizations manage energy usage in an effective way. It ingegrates supply and demand side processes, cuts down costs, and ensure regulatory compliance. The platform manages over 2 TWh of energy across more than 2000 locations.

Tackling the Rising Energy Costs

Energy costs in Europe have been quite variable. Some firms have seen price increases of more than 500% since 2019. Organizations sometimes witnessed their energy bills exceed 10% of their operational costs. Businesses are vulnerable to a sudden increase in energy prices. This is where ecoplanet aims to deploy their software. Their software provides insights and automation to assist companies optimize their energy use, lowering expenses and increasing efficiency.

Also read: EcoOnline unveils financial-grade sustainability reporting software

Ecoplanet claims that most customers reduce their energy costs by up to 20% within the first year. The platform also cuts down on manual processes by up to 60%, allowing businesses to focus on their core activities. As renewable energy usage increases, the software helps align energy consumption with its availability.

Support from EQT Ventures and HV Capital

EQT Ventures, which specializes in scaling businesses focused on sustainability, is supporting ecoplanet to expand its market presence. Sandra Malmberg from EQT Ventures expressed that ecoplanet’s approach directly addresses a growing need for businesses dealing with energy cost volatility.

HV Capital has also reaffirmed its commitment to ecoplanet, with General Partner Felix Klühr noting the company’s quick progress in solving energy challenges for European businesses. With both investors on board, ecoplanet is set to scale its operations.

The Future of Energy Management

As renewable energy continues to grow in Europe, ecoplanet is positioned to help businesses optimize their energy usage. Its platform enables companies to align energy consumption with available renewable energy, reducing costs and supporting environmental goals. With support from EQT Ventures and HV Capital, ecoplanet aims to lead in energy management for businesses across the region.