Tuesday, September 24, 2024

Manager of China's Sany says that the company plans to start European production by 2026.

September 24, 2024

Sany, a Chinese wind turbine manufacturer, is planning to begin production in Europe in 2026. The company is already in advanced discussions with potential European clients.

In April, the European Union launched an investigation into the subsidies that Chinese turbine manufacturers received as Europe sought to protect its own industry.

"We have reduced the number of possible locations to three." "Germany is one of our first three options... Spain could also be an option", Sany Renewable Energy Europe's Managing director Paulo Fernando Soares said at the Hamburg Wind Energy Fair.

Soares stated that he expects the first European order will be completed by the end this year. He added that initial orders would ship from China and the company's services will be offered through its partners in Europe as well as its service center in Germany.

Soares stated that "we own a facility located in Bedburg, Germany and we are capable of building a production line today." He acknowledged, however, the complexity of Europe’s regulatory environment.

Soares said that Europe would be unable to achieve its ambitious goals for new renewable energy projects without Chinese technology.

"Without China there is no energy transformation in Europe." He said that European manufacturers could not build turbines today without Chinese components.

Brussels estimates that to meet EU 2030 targets for renewable energy, at least 37 GW (gigawatts) of wind power will need to be added each year, as opposed with 17 GW added in 2023.

Soares stated that by 2030, Chinese firms will compete to be the leading suppliers in Europe.

(source: Reuters)

Related News