Envision Eyes Australian Renewables and Hydrogen Growth with Major Bank Support
By Charlie Currie | Sep 24, 2025
Chinese renewables giant Envision Energy is setting its sights on Australia’s clean energy, hydrogen, and ammonia sectors through a cooperation agreement with a multinational bank aimed at scaling up green investments.
Representatives of the wind turbine giant met with officials from the Australian Trade and Investment Commission (Austrade) as well as the Australia and New Zealand Bank Group (ANZ).
Under the cooperation agreement with ANZ, Envision aims to build a “green finance ecosystem” and deepen its involvement in Australia.
Kane Xu, Senior Vice President of Envision, said that Australia is a “cornerstone market” as the company seeks to expand its hydrogen and ammonia portfolio.
While Envision’s announcement did not reveal concrete project plans, Paul Richards, ANZ’s Global Head of Resources, Energy & Infrastructure, said the bank will develop “comprehensive financial solutions” to help “empower Envision’s growth” in Australia.
Envision, best known for its wind energy business, is now positioning itself to capture a significant share of the green hydrogen market.
Earlier this year, the company commissioned a 500MW green ammonia plant in China and has since signed agreements to replicate its plant designs in regions such as South America.
Despite lucrative federal support schemes, Australia’s hydrogen ambitions have been slowed by a series of project cancellations or delays — an issue increasingly highlighted by political opposition.
