Sany Group to pump in $3 billion in India
Sany Group announced the signing and handover of Green Energy Commitment towards development of 2,000 mw renewable energy projects with investments of $3 billion (Rs 20,000 crore) for the period 2016-20. Besides generating 4.8 TWh of green and clean power annually, these projects will generate 1,000 jobs and prevent carbon emissions of around 3.6 million tonne per year. 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. Sany Group entered India market in 2002 and established a manufacturing plant in 2009 in Chakan, Pune.