Monday 07 / September / 2026
New Delhi: Saudi Arabian conglomerate Alfanar Group has provided an additional $100 million (around €85.7 million) in direct capital funding to its Indian wind turbine manufacturing arm, Senvion India, to support its expansion and growth.
Senvion India said it received the first tranche of $34 million this month, with the remaining amount expected to be completed within the next few weeks.
The investment will support Senvion’s long-term product development roadmap, provide growth capital for its operations in India and international markets, and accelerate the development of its project pipeline through its Senvion Certified Sites offering.
Senvion currently has an annual manufacturing capacity of 1.5 GW and an operational wind fleet exceeding 1.6 GW across India.
“We will deepen our R&D capabilities to deliver more reliable and higher-performing turbine platforms, accelerate the introduction of new technologies and enhance our ability to support customers throughout the 25-year lifecycle of their assets,” Senvion CEO Shreyas B. Suvarna said.
Senvion Chairman and Alfanar Projects President Jamal Wadi said India remains central to Alfanar Group’s renewable energy strategy.
“By combining Senvion's wind engineering expertise with Alfanar Group’s strengths in power systems, grid infrastructure and energy storage, we are well positioned to develop the next generation of integrated renewable energy solutions and deliver long-term value for customers in India and international markets,” Wadi said.
The latest capital infusion comes as India continues to expand renewable energy capacity and develop domestic manufacturing capabilities across the clean-energy supply chain.
