October 2015

China’s Sany Group Targets US$3 Billion Cleans Energy Investment in India

Chinese construction company Sany Group plans to invest US$3 billion over a five-year period in renewable energy projects in India, according to media reports.
The group is targeting at least 2 gigawatts of capacity, with a focus on offshore wind projects.
“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 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,” Liang Wengen, Chairman, of Sany Group was quoted as saying.

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Impax Sells 206MW of Wind Assets to ERG REnew

Impax Asset Management’s fund has signed an agreement to sell its 206-megawatt portfolio of wind projects to ERG Renew, the renewable energy subsidiary of the Italian multi-energy company ERG Group.
Financial details of the deal, scheduled to close by the end of this year, were not disclosed.
The sale is part of Impax’s planned realisation of the operating assets in accordance with its fund’s strategy. Impax has grown the portfolio by acquisitions from 2010 to 2014. The majority of the projects were constructed under the ownership of the fund. The fund continues to own a wind project development business in France which it aims to expand significantly through construction and acquisition in the coming years.

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