China’s Sany goes big in India with gigascale wind orders and production deal
Deal could see emergence of Sany as a major competitor in Indian market that fellow Chinese turbine maker Envision currently dominates
China’s Sany has secured sales agreements for over 1.6GW of turbines in India, at a stroke making it a major player in the market, while also entering a deal to see its blades produced in the country.
Sany recently signed turbine sales agreements totalling 1.3GW with three subsidiaries of Indian multinational conglomerate JSW Group, the Chinese OEM announced today.
Sany also reported entering a 300MW sales contract with the Indian subsidiary of Sembcorp, a Singaporean state-owned energy and urban development company.
JSW also today reported having signed a licensing agreement to manufacture Sany wind turbine blades in India.
That follows another licensing agreement entered between the parties earlier this year for the manufacturing of 3.X MW wind turbines in India for captive usage by JSW.
Sharad Mahendra, CEO of JSW Energy, has said that both licensing agreements will help his company secure a reliable supply of wind turbine equipment, allowing it to build large-scale developments on time and within budget.
JSW Energy aims to reach 20GW of generation capacity by 2030, up from 11GW today.
Sany installed 7.5GW of turbines last year, making it the seventh largest supplier globally according to Wood Mackenzie, but it is not known for its operations in India.
Indian turbine makers Suzlon and Inox Wind are the next largest suppliers in India, with 3.6GW and 2.7GW of orders respectively as of May. They are followed by Adani Group (1.3GW), GE Vernova (925MW) and Senvion India (660MW).
Sidharth Jain, CEO of MEC+, said the recent Sany deals show that competition for wind turbine orders in India is “intensifying”.
“This new contract creates a pathway for a new company to start its operations in India,” he said, although he stressed that Sany has yet to confirm the “timelines and details” on its signed agreements.
India aims to meet half of its electricity requirements through over 500GW of renewable energy sources by 2030. It is targeting net zero emissions by 2070.
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