Sany settles dispute with US govt
Employees of Sany Group at the company's booth during an expo in Rio de Janeiro, Brazil. [Photo/Xinhua]
The company sued the Committee on Foreign Investment in the United States and President Barack Obama in 2012 for forbidding its wind farm projects in Oregon on national security grounds.
Sany had invested around $13 million in the projects.
"The settlement has shown again that Ralls Corp is protected under the rights of the Constitution of the United States. Ralls will transfer the four wind farm projects in Oregon to a third party that it deems suitable," said Xiang Wenbo, chairman of Sany Group, in a news release on Thursday.
"We have been safeguarding Ralls' rights of property and its rights to procedural justice throughout the case.
"The settlement marks both a victory for Sany and a victory for the US legal system, paving the way for Sany to further its wind-farm drive in the US."
According to the settlement, Ralls can sell the four wind farms to a third-party purchaser, a move which the US government had previously blocked.
The US government has also approved two new wind farms in which Sany has invested－in Colorado and Texas－which are already generating 20 megawatts of power.
"We are glad to have reached a settlement with the US government," said Tim Xia, Sany Group's chief attorney.
"The settlement has great significance in that it has rectified Sany's reputation in the US, showing that the company's work in the US will not threaten the country's national security. It shows the company can offer another competitive option to the US market," said Xia.
By Yang Ziman,Wen Xinzheng and Feng Zhiwei