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SANY Group to Invest USD 3 Billion in Renewable Energy in India

2015-12-15

Sany India

New Delhi, October 15, 2015: Sany Group, one of the largest global manufacturing companies of construction equipment, today announced the signing and handover of Green Energy Commitment to the Prime Minister of India towards development of 2000 Mega Watt of Renewable Energy Projects with investments of USD 3 Billion (Rs. 20,000 Crores) for the period 2016-2020. Besides generating 4.8 TWh of green and clean power annually these projects will generate 1000 jobs and prevent carbon emissions of around 3.6 million tons per year.

Mr. Liang Wengen, the Chairman of Sany Group presented the Green Energy Commitment to the Hon’ble Prime Minister of India, Shri Narendra Modi.Sany will establish efficient technologies for Off-Shore Wind Power Generation. Sany Group will bring in its relevant expertise, operational excellence and global best practices for development of Renewable Energy in India.

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Commenting on the announcement, Mr. Liang Wengen, Chairman of the Board, SANY Group, said, “This investment is a significant step in deepening Sany Group’s presence and commitment to India. 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 we are excited about the future growth & potential for future investment. We believe that the agreement signing with Indian new energy enterprise will boost the mutual cooperation to a new height.”

Mr. Amitabh Kant, Secretary of Department of Industrial Policy and Promotion (DIPP), Ministry of Commerce & Industry, Government of India, said, “We are keen on seeing China investing more in India, especially in the manufacturing sector and partnering with India to make India a world-class manufacturing base for production. This initiative is yet another step towards the 'Make in India' drive launched by our Prime Minister. We welcome SANY and the delegation and look forward to working closely with them to strengthen the bond between the two countries.”
 

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