Envision Energy to invest ₹500 cr for expansion: Flags cost, grid, supply chain challenges
Envision Energy India
with an order book of 10 GW plans to invest ₹500 crore to scale up its manufacturing footprint.
The company, which commands a 45 per cent market share in the
wind turbine manufacturing
segment, plans to set up a second blade plant near Ahmedabad and a gearbox facility in Pune. This brings the Chinese major's total investment in India to ₹1,000 crore since 2016.
The company is prepared to scale up production to 5 GW annually, supported by a robust order book said Managing Director R.P.V. Prasad in an interview with The Economic Times. "With an order book exceeding 10 GW–12 GW, it is crucial that we produce and deliver products to our customers at a cost-effective scale," said Prasad.
Envision has begun constructing its second blade plant and will expand its Trichy unit to six moulds from the present four. The Pune nacelle and hub facility will scale from 3 GW to 5 GW, and the company will also manufacture gearboxes in India using global expertise.
The company plans a phased approach to localisation in response to the ministry of new and
renewable energy
's (MNRE) new RLMM norms, which mandate local manufacturing of key wind components.
While supporting the move, Prasad said complete localisation without sufficient demand would inflate costs. 'We're paying 1.5x more for blades in India. Investors won't bear that,' he said.
Prasad called for a staggered rollout of the new MNRE norms, warning that a rushed transition could crash industry volumes to 1–2 GW. He also pointed to grid unpreparedness and limited domestic component suppliers as major bottlenecks.
"The government should introduce a condition that if you're manufacturing in India, at least 20 per cent should be for the domestic market. If you want to export fine, export only 80 per cent —but 20 per cent must be supplied here. If the government imposes that condition, they'll object. Perhaps the issue for them is that their profitability is declining; they're not able to match, and these are the hidden issues, which are not openly discussed," he said.
Envision is also preparing to deliver its 5 MW turbine from October 2025 and sees repowering and offshore wind as future opportunities.
"While the government is introducing mechanisms like VGF (Viability Gap Funding), it isn't sufficient. Additionally, the lack of infrastructure poses a significant hurdle. For instance, specialized vessels required for installations are not available domestically," Prasad said, adding that if imported from Europe and China, they charge (in dollars) by the hour, making operations prohibitively expensive with India not having the know-how at such high cost.
Envision Energy Group alone has over 80 GW of installed wind capacity worldwide — the majority in China, but outside China as well. India is our second-largest contributor in this 80 GW. Last year, globally, it added about 19 GW of capacity across the world, of which about 2 GW was in India last year.
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