Sany Renewable Energy (SHA:688349) plans to invest up to $500 million in two 500-megawatt wind farms in Uzbekistan's Karakalpakstan region.
The projects were secured through 25-year power purchase agreements, according to a Friday filing with the Shanghai bourse.
The wind turbine maker will establish two local subsidiaries to develop the Kungel Wind Farm 1 and 2 projects.
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