Latest news with #ZhouFugui
Yahoo
2 days ago
- Business
- Yahoo
Sany seals PPA and CfD deal for Alibunar project in Serbia
Sany Renewable Energy has announced the signing of a power purchase agreement (PPA) and contract for difference (CfD) for its Alibunar wind power project in Serbia. The Alibunar project is located in eastern Serbia, an area renowned for its wind resources. It will commence commercial operations by 2028 and have an operational lifespan of 25 years. The facility has an installed capacity of 168MW and is projected to generate 480 million kilowatt hours (kWh) of electricity annually upon completion. It will supply Serbia with clean energy, aiding in restructuring the local energy mix away from fossil fuels towards more sustainable sources. The project represents Sany's inaugural investment in the country. The company plans to utilise its technical expertise to guarantee smooth progress and consistent performance post-completion. The company's on-site professional operation and maintenance team will provide extensive support throughout the life cycle of the project. Sany Renewable Energy chairman Zhou Fugui stated: 'The Alibunar wind project is of great importance to us, marking our entry into the wider European market. 'We will actively co-operate with local partners and introduce advanced wind power technologies and solutions to help Serbia realise its energy transition and sustainable development goals.' Sany has prioritised climate action within its sustainability strategy, aligning with the Paris Agreement's objective of limiting global warming to 1.5°C. In 2024, the company's wind turbines produced 135.8 billion kWh of electricity, resulting in a reduction of CO₂ emissions by 72.87 million tonnes, equivalent to planting 3.3 billion trees. Additionally, Sany is committed to promoting environmentally friendly turbine design and to increasing the recyclability of mainstream models to 95% by 2030, based on 2020 levels. In October 2024, Sany secured a contract to supply wind turbines with a capacity of more than 1.3GW to three subsidiaries of the JSW Group, an Indian multinational conglomerate. "Sany seals PPA and CfD deal for Alibunar project in Serbia" was originally created and published by Power Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Korea Herald
2 days ago
- Business
- Korea Herald
Driving Clean Energy Forward: SANY R.E. Marks Milestone in Europe with Serbia's Alibunar Wind Power Project
BEIJING, June 10, 2025 /PRNewswire/ -- As the global spotlight turns once again to the urgency of climate action, SANY Renewable Energy is making that commitment tangible, not just in words, but in megawatts. Recently, SANY R.E. signed a Power Purchase Agreement (PPA) and Contract for Difference (CfD) with Serbia's Alibunar Project. More than just a new market entry, the project reflects SANY R.E.'s resolve to drive clean energy solutions where they're needed most. The Alibunar project is situated in eastern Serbia, which is one of the country's richest areas for wind resources. Expected to achieve commercial operation in 2028, the project has an operation period of 25 years. With a total installed capacity of 168MW, the project can produce electricity of about 480 million kWh annually after completion. When grid-connected, it will offer Serbia a large amount of clean energy, which will help optimize the local energy structure and reduce the reliance on traditional fossil energy. The Alibunar project is SANY R.E.'s first investment in Serbia and a milestone in its global clean energy layout. Zhou Fugui, Chairman of SANY R.E., said: "The Alibunar wind project is of great importance to us, marking our entry into the wider European market. We will actively co-operate with local partners and introduce advanced wind power technologies and solutions to help Serbia realize its energy transition and sustainable development goals." As a leading global provider of wind power solutions, SANY R.E. has been committed to providing efficient and reliable wind power equipment and support. In the process of the project, SANY R.E. will leverage its technical advantages to ensure the efficient advancement and stable operation of the project. Meanwhile, the company's local professional operation and maintenance team will provide comprehensive support for the project. SANY R.E. has made climate action central to its sustainability strategy, supporting the Paris Agreement goal of limiting global warming to 1.5°C. In 2024, its wind turbines generated 135.8 billion kWh of electricity, cutting CO₂ emissions by 72.87 million tons — equal to planting 3.3 billion trees. The company also advances eco-friendly turbine design, aiming to raise the recyclability of mainstream models to 95% by 2030, based on 2020 levels. Looking ahead, SANY R.E. will continue to contribute to the global energy transition by providing high-quality wind power solutions to more countries and regions, collaborating to create a cleaner energy future.
Cision Canada
2 days ago
- Business
- Cision Canada
Driving Clean Energy Forward: SANY R.E. Marks Milestone in Europe with Serbia's Alibunar Wind Power Project
BEIJING, June 10, 2025 /CNW/ -- As the global spotlight turns once again to the urgency of climate action, SANY Renewable Energy is making that commitment tangible, not just in words, but in megawatts. Recently, SANY R.E. signed a Power Purchase Agreement (PPA) and Contract for Difference (CfD) with Serbia's Alibunar Project. More than just a new market entry, the project reflects SANY R.E.'s resolve to drive clean energy solutions where they're needed most. The Alibunar project is situated in eastern Serbia, which is one of the country's richest areas for wind resources. Expected to achieve commercial operation in 2028, the project has an operation period of 25 years. With a total installed capacity of 168MW, the project can produce electricity of about 480 million kWh annually after completion. When grid-connected, it will offer Serbia a large amount of clean energy, which will help optimize the local energy structure and reduce the reliance on traditional fossil energy. The Alibunar project is SANY R.E.'s first investment in Serbia and a milestone in its global clean energy layout. Zhou Fugui, Chairman of SANY R.E., said: "The Alibunar wind project is of great importance to us, marking our entry into the wider European market. We will actively co-operate with local partners and introduce advanced wind power technologies and solutions to help Serbia realize its energy transition and sustainable development goals." As a leading global provider of wind power solutions, SANY R.E. has been committed to providing efficient and reliable wind power equipment and support. In the process of the project, SANY R.E. will leverage its technical advantages to ensure the efficient advancement and stable operation of the project. Meanwhile, the company's local professional operation and maintenance team will provide comprehensive support for the project. SANY R.E. has made climate action central to its sustainability strategy, supporting the Paris Agreement goal of limiting global warming to 1.5°C. In 2024, its wind turbines generated 135.8 billion kWh of electricity, cutting CO₂ emissions by 72.87 million tons — equal to planting 3.3 billion trees. The company also advances eco-friendly turbine design, aiming to raise the recyclability of mainstream models to 95% by 2030, based on 2020 levels. Looking ahead, SANY R.E. will continue to contribute to the global energy transition by providing high-quality wind power solutions to more countries and regions, collaborating to create a cleaner energy future.
