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China’s Sany Group to invest US$3 billion in India’s renewable energy sector

Sany, one of China’s top quarrying and construction equipment manufacturers, is planning to invest US$3 billion in developing 2,000 megawatt renewable energy projects in India. The Sany Group recently announced the signing and handover of its Green Energy Commitment via the renewable energy projects to India’s Prime Minister Narendra Modi.
October 30, 2015 Read time: 2 mins

4334 Sany, one of China’s top quarrying and construction equipment manufacturers, is planning to invest US$3 billion in developing 2,000 megawatt renewable energy projects in India.

The Sany Group recently announced the signing and handover of its Green Energy Commitment via the renewable energy projects to India’s Prime Minister Narendra Modi. The 2,000 megawatt projects will be delivered from 2016-20.

Besides generating 4.8TWh (terawatt-hours) of green and clean power annually, the Sany-funded projects will generate 1,000 jobs and prevent carbon emissions of around 3.6 million tonnes/year.

Sany says it will establish efficient technologies for offshore wind power generation. The Group will bring in relevant expertise, operational excellence and global best practices for development of renewable energy in India.

Liang Wengen, chairman of Sany Group, presented the Green Energy Commitment to Prime Minister Modi.

“This investment is a significant step in deepening Sany Group’s presence and commitment to India,” said Wengen. “The green energy industry in India is growing and we see this as a huge opportunity to introduce our wind energy business in the country.

“We have invested in a potential market like India, and are excited about the future growth and potential for future investment. We believe that the agreement signing with Indian new energy enterprise will  boost mutual cooperation to a new height.”

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