Suzlon sells 75% of China wind arm

Poly LongMa Energy (Dalian) will pay the Indian group $28m for a 75% share of Suzlon Energy Tianjin, said a Suzlon statement.

Suzlon will retain a 25% share as a joint venture partner.

Poly LongMa will lead marketing and sales in China, with Suzlon acting as technology partner for its existing portfolio, including the S66 1.25MW, S82 1.5MW and S88 2.1MW turbines, and managing manufacturing and quality.

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