Mumbai, India | August 25, 2026 – alfanar group today announced an additional direct capital funding of USD 100 million (~INR 950 crore) in Senvion, with the first tranche of USD 34 million (~INR 320 Cr.) received in August 2026 and the rest of the direct capital funding to be completed in couple of weeks’ time, to support the company's next phase of technology-led and manufacturing-driven growth.

The funding will support strategic priorities including development of Senvion's long-term product roadmap, growth capital to support and drive Senvion’s growing business in India and global markets and accelerating the development of its project pipeline through the ‘Senvion Certified Sites’ offering.

The funding reinforces alfanar group’s long-term commitment to the "Make in India" initiative and its confidence in India's emergence as a global hub for renewable energy manufacturing, innovation, and technology development.

Jamal Wadi, Chairman of Senvion and President of Alfanar Projects, said: "India is central to alfanar group’s renewable energy strategy, and Senvion is a key part of our long-term vision for wind energy. This funding reflects our confidence in Senvion's leadership, engineering capabilities, and technology roadmap. 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."

Shreyas B. Suvarna, CEO, Senvion, said:

“We thank our shareholders and the Board for reaffirming their trust in Senvion. This funding strengthens the foundations of our business where it matters most. 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. We will also continue investing in our people by developing talent and creating a world-class workplace that combines leading market practices with alfanar group’s globally recognized human capital excellence refined over 40 years. Our objective is clear: to build globally competitive technology platforms from India and become the partner of choice for customers, employees, and stakeholders across India and international markets.”