Sany Renewable Energy (SH:688349) Zheng Quan Zhi Xing·2025-04-03 12:08Core Viewpoint - SANY Renewable Energy plans to invest in two wind power projects in Uzbekistan, with a total investment not exceeding $500 million for each project, focusing on expanding its overseas market presence [2][5][6] Group 1: Investment Overview - The company intends to sign investment agreements for the 500MW Kungeer Wind Farm 1 and 2 projects in the Karakalpakstan region of Uzbekistan [2][3] - The investment will be funded through the company's own and self-raised funds [4][5] - The company has already secured exclusive development rights for both projects and signed a 25-year power purchase agreement with JSC "UZENERGOSOTISH" [3][5] Group 2: Project Details - Each wind farm will have a capacity of 500MW, and the total investment for both projects will not exceed $1 billion [5][6] - The investment agreements will cover financing, design, development, construction, and operation of the wind farms [5][6] - The agreements will remain effective until the power purchase agreement is terminated or the projects are retired [6] Group 3: Internal Decision-Making - The investment was approved in a board meeting held on April 3, 2025, and does not require shareholder approval [4] - The investment does not constitute a related party transaction or a major asset restructuring as per relevant regulations [4] Group 4: Impact on the Company - The investment is seen as a significant step in the company's global strategy and is expected to yield positive financial returns [6][7] - The company emphasizes that this investment will not adversely affect its operational or financial status [6][7]