Yinson Renewables has received approval from New Zealand’s Overseas Investment Office (OIO) for its renewable energy investments in the country, paving the way to advance its project pipeline.
New Zealand Prime Minister Christopher Luxon acknowledged the milestone during a media announcement today, recognising Yinson Renewables’ projects as a major investment in the country’s renewable energy infrastructure.
Also present at the event were New Zealand Minister of State for Trade and Investment, Nicola Grigg, Deputy Minister for the Malaysian Ministry of Investment, Trade and Industry, Liew Chin Tong, and New Zealand High Commissioner to Malaysia, Walsh.
Earlier, Prime Minister Luxon met with Yinson’s leadership team, where the company shared updates on its long-term investment plans and progress in New Zealand.
The approval paves the way for Yinson Renewables to advance its renewable energy project pipeline in New Zealand. The company has been actively investing in New Zealand’s wind energy sector for the past four years.
Prime Minister Luxon commented, “These investments by Yinson into New Zealand demonstrates their confidence in New Zealand. We have an ambitious goal to double our renewable energy generation by 2050, and investments like this are vital to achieving it.
“New Zealand is open for investment, and I see many opportunities for Yinson Renewables expertise to help build a more sustainable energy future.”
Mr Lim Han Weng, Group Executive Chairman of Yinson Holdings Berhad, added, “We are honoured to receive this important acknowledgement from the New Zealand government, which marks a pivotal step forward in Yinson Renewables’ journey in New Zealand.
“We have a long-term commitment to New Zealand and we remain dedicated to working collaboratively with the New Zealand government, local partners and communities to support New Zealand’s renewable energy ambitions.”
Mr Benny Goodman, General Manager of Invest New Zealand, commented, “Investment announcements like this demonstrate that New Zealand is seen as a credible investment destination by high quality global investors, and offers investment opportunities across a range of sectors.”
In the photo: Yinson Group Executive Chairman Mr Lim Han Weng and New Zealand Prime Minister Rt Hon Christopher Luxon exchanging a handshake.
