Sany Renewable Energy's Unit Signs Contracts With JSW Energy, Sembcorp; Shares Drop 6%

MT Newswires Live

Oct 28, 2024

Sany Renewable Energy's (SHA:688349) unit, Sany Wind Energy India, signed contracts with subsidiaries under Indian power company JSW Energy (NSE:JSWENERGY, BOM:533148) and a unit of Sembcorp, according to a Shanghai Stock Exchange filing on Monday.

Sany Wind Energy wind turbine sales contracts with a capacity of 1,324 megawatts with JSW Renew Energy Three, JSW Renew Energy Nine, and JSW Renew Energy Eight.

Meanwhile, the contract signed with Sembcorp unit Green Infra Renewable Projects is for a 300MW wind turbine sale, the Chinese energy company said.

Sany Renewable Energy's shares dropped more than 6% in recent trade.

Price (RMB): ¥30.02, Change: ¥-2.0, Percent Change: -6.13%

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