Day: July 17, 2024

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Envision Energy, Public Investment Fund (PIF) and Vision Industries Join Forces to Create a New Venture in Renewable Energy

 RIYADH, SAUDI ARABIA – EQS Newswire – 17 July 2024 – Envision Energy, recognized as the “Green Giant” among the “2024 TIME100 Most Influential Companies”, has unveiled a strategic joint venture (JV) with Saudi Arabia’s Public Investment Fund (PIF) and Vision Industries. This venture aims to accelerate the wind power growth throughout the Middle East, committing to driving the region’s journey towards a cleaner, more sustainable future.

The JV will focus on manufacturing and assembling the wind turbines and components, including blades, nacelles and hubs. Under the agreement, Envision Energy holds the majority share in the JV, while PIF and Vision Industries hold the remainder. The collaboration will support Saudi Arabia’s goal of localizing 75% of renewable energy components by 2030, in line with the Saudi Ministry of Energy’s National Renewable Energy Program.

PIF is the sovereign wealth fund of Saudi Arabia and one of the world’s most impactful investor. It embraces the Kingdom’s energy transformation mission by developing upcoming renewable energy initiatives, including wind power, photovoltaics, hydrogen, energy storage, etc. Vision Industries is a leading investor and developer of green energy industrial projects and local supply chains. Globally, PIF chose Envision as its JV partner due to Envision’s leading position in green power, encompassing smart wind power, energy storage systems, and green hydrogen solutions that address the challenges of climate change. The company has topped the wind power order intake for two consecutive years, making it a key player in the worldwide energy transition.

Envision’s JV with both parties brings together PIF’s robust investment capabilities and Envision Energy’s cutting-edge wind power technology, highlighting the profound international cooperation and shared vision for transitioning to clean energy. This partnership marks a significant step toward Saudi Arabia’s Vision 2030 objectives and advances global efforts in the clean energy transition and sustainable future.

The ceremony was attended by H.E. Yasir Othman Al-Rumayyan, the Governor of PIF, Lei Zhang, Chairman of Envision, and board members of Vision Industries, among others.

Download image: https://apo-opa.co/3xXBSrW

Posted on

Envision Energy, Public Investment Fund (PIF) and Vision Industries Join Forces to Create a New Venture in Renewable Energy

 RIYADH, SAUDI ARABIA – EQS Newswire – 17 July 2024 – Envision Energy, recognized as the “Green Giant” among the “2024 TIME100 Most Influential Companies”, has unveiled a strategic joint venture (JV) with Saudi Arabia’s Public Investment Fund (PIF) and Vision Industries. This venture aims to accelerate the wind power growth throughout the Middle East, committing to driving the region’s journey towards a cleaner, more sustainable future.

The JV will focus on manufacturing and assembling the wind turbines and components, including blades, nacelles and hubs. Under the agreement, Envision Energy holds the majority share in the JV, while PIF and Vision Industries hold the remainder. The collaboration will support Saudi Arabia’s goal of localizing 75% of renewable energy components by 2030, in line with the Saudi Ministry of Energy’s National Renewable Energy Program.

PIF is the sovereign wealth fund of Saudi Arabia and one of the world’s most impactful investor. It embraces the Kingdom’s energy transformation mission by developing upcoming renewable energy initiatives, including wind power, photovoltaics, hydrogen, energy storage, etc. Vision Industries is a leading investor and developer of green energy industrial projects and local supply chains. Globally, PIF chose Envision as its JV partner due to Envision’s leading position in green power, encompassing smart wind power, energy storage systems, and green hydrogen solutions that address the challenges of climate change. The company has topped the wind power order intake for two consecutive years, making it a key player in the worldwide energy transition.

Envision’s JV with both parties brings together PIF’s robust investment capabilities and Envision Energy’s cutting-edge wind power technology, highlighting the profound international cooperation and shared vision for transitioning to clean energy. This partnership marks a significant step toward Saudi Arabia’s Vision 2030 objectives and advances global efforts in the clean energy transition and sustainable future.

The ceremony was attended by H.E. Yasir Othman Al-Rumayyan, the Governor of PIF, Lei Zhang, Chairman of Envision, and board members of Vision Industries, among others.

Download image: https://apo-opa.co/3xXBSrW

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FRIDAY, JULY 19, 2024


17:00 Ceremony for presenting master’s degrees in military sciences to officers and instructors at the Fouad Chehab College of Command and Staff, at the invitation of the Lebanese University, to be held at PM Rafik Hariri’s University City – Conference Hall – Hadath

18:00 Opening of the exhibition of the visual artist ‘Maroun Makhoul’ entitled ‘A Journey into the Hidden Colors’, at the invitation of the Zahle Cultural District Council and under the patronage of Caretaker Minister of Culture, Judge Muhammad Wissam Al-Murtada, at the Zahle Municipality Palace

18:00 Saint Elias and Agrippian Feast prayers, at the Cathedral of the Prophet Elijah, Nejmeh Square

19:00 Receiving of Greek Orthodox Patriarch John at the invitation of Deputy House Speaker Elias Bou Saab and El Choueir Municipality…A reception will be followed by a march from Dhour El Choueir Square towards the Patriarchal Monastery of Saint Elias

Source: National news agency – Lebanon

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“ISLAMIC RESISTANCE’: BOMBING OF TWO ENEMY SETTLEMENTS WITH DOZENS OF MISSILES


The Islamic Resistance issued a communique this morning, indicating that in support of the resilient Palestinian people in the Gaza Strip, and within the framework of responding to the Israeli enemy’s attacks on steadfast southern villages and safe homes and its targeting of civilians, especially the horrific massacre in the town of Umm al-Tut and the fall of three child martyrs, the Resistance fighters bombed the ‘Sa’ar’ and ‘Gasher Haziv’ settlements with dozens of Katyusha rockets.

Source: National news agency – Lebanon

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FRENCH STATE INVITES “MAZZIKA ORCHESTRA” TO HOLD A “FAIROUZIYAT CONCERT” IN MARSEILLE


The “Mazzika Orchestra” received an official invitation from the French state to hold a public concert in honor of Lebanese Diva, Fairouz, which it eagerly accepted.

The ceremony will be held in the city of Marseille on the seashore, where a private open-air theater is being built to host more than ten thousand people, with the participation of major Arab and French artistic figures and representatives of the French state and Arab embassies.

The “Mazzika Orchestra”, known internationally for its mastery of performing “Fairouziyat” songs, is the only band in Europe and the Arab world that is technically qualified to organize and perform concerts in honor of the Lebanese Diva.

During the scheduled concert, the Orchestra will present more than 15 songs by Fairouz with distinctive orchestral arrangements, including some difficult songs.

The concert, which will be held next Saturday, is considered the fourth ‘Fairouziyat’ concert held by the ‘Mazzika Orchestra’ in France, as it continues to distinguish itself
from other Arab bands with its special performance style and precise methodology inspired from Western orchestras.

Source: National news agency – Lebanon

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HANIYEH: WHAT IS BEING SAID REGARDING OUR SUSPENSION OF NEGOTIATIONS IS INCORRECT, AND WE ARE CONTINUING EFFORTS TO REACH AN END TO THE WAR


The head of the political bureau of the Islamic Resistance Movement “Hamas”, Ismail Haniyeh, confirmed that “everything that is being discussed regarding Hamas’ suspension of negotiations is incorrect, and that the movement is continuing efforts to reach an end to the war in accordance with the conditions it set.”

Haniyeh’s position came during a meeting with the Chairman of the Lebanese-Palestinian Dialogue Committee, Dr. Basil Al-Hassan, in Qatar, in the context of discussing the file of Palestinian refugees in Lebanon and the reality of UNRWA, where he stressed ‘Hamas’s keenness on the stability of Lebanon,’ appreciating ‘the great efforts made by the Lebanese government at all levels, and the efforts of the Lebanese-Palestinian Dialogue Committee regarding protecting UNRWA and enhancing its role.”

Haniyeh also appreciated Qatar’s role in the negotiations, hoping to reach a ceasefire as soon as possible, expressing his great confidence in the situation of the Palestinian resistance politically and on the
ground.

Source: National news agency – Lebanon