KUALA LUMPUR: Yinson Renewables has received approval from New Zealand’s Overseas Investment Office for its renewable energy investments, clearing the way to advance its project pipeline.
In a statement, the company said New Zealand Prime Minister Christopher Luxon acknowledged the milestone today, calling Yinson Renewables’ projects a major investment in New Zealand’s renewable energy infrastructure.
Earlier, Luxon met with Yinson’s leadership team, receiving updates on the company’s long-term investment plans and ongoing projects in the country.
“These investments by Yinson demonstrate their confidence in New Zealand. We aim to double our renewable energy generation by 2050, and projects like this are vital.
“New Zealand is open for investment and Yinson’s expertise will help build a more sustainable energy future,” Luxon said.
Yinson Holdings Bhd group executive chairman Lim Han Weng said the recognition marks a pivotal step forward for Yinson Renewables in New Zealand.
“We have a long-term commitment to New Zealand and we remain committed to working with the government, local partners and communities to support the country’s renewable energy goals,” he said.
© New Straits Times Press (M) Bhd
