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Update: Sany Breaks Ground on Wind Equipment Project
Sany Group subsidiary Sany Electronics and Tongyu State-owned Assets Management broke ground on the first phase of a RMB 10 billion wind power industry park project in Tongyu, Jilin province on July 7, reports in-en.com. According to the report, the project will generate RMB 2.8 billion in sales revenue this year, expanding to RMB 4.2 billion in 2010 with an installed capacity of 600MW. By 2013, the project will make annual sales of RMB 10 billion, the report said.
Previous reports said that the Sany Electronics will hold 80% of the project.
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