It is learnt that Chennai-based Refex Group’s newly incorporated company, Venwind Refex Power Ltd, intends to invest to set up manufacturing facilities for producing wind turbines with a nominal capacity of 5.3 MW.

The company, a subsidiary of the NSE-listed Refex Industries Ltd, has concluded a license agreement with Vensys Energy AG, Germany — a leading wind turbine technology owner. Vensys is a pioneer in ‘permanent magnet, medium-speed’ generator turbines.