Yinson Oslo opens new office
Yinson’s new base in Oslo has opened on 31 May 2022 and is the headquarters to our Offshore Operations and Renewables divisions. The move caters for the Group’s strategic expansion, providing an effective regional base to execute current and future growth plans. The building’s design concept prioritises collaboration, work-life balance and employee wellbeing, with ample […]
Yinson forms Joint Venture with Plus Xnergy to develop 250MW of solar projects
Yinson through its subsidiary, Yinson Renewables is forming a joint venture with Plus Xnergy Holding Sdn Bhd (“Plus Xnergy”) through its wholly owned subsidiary Plus Xnergy Services Sdn Bhd to develop and implement commercial and industrial (“C&I”) rooftop solar photovoltaic (“PV”) projects in Malaysia. This follows the collaboration agreement signed in August 2021 when both parties expressed intentions to enter […]
Yinson Renewables enters Brazil with acquisition of two late-stage wind development projects
Yinson through its Renewables Division, Yinson Renewables (“YR”) has completed the acquisition of two renewable energy generation projects in Ceará, Brazil. The expected combined installed capacity of the wind energy projects is 486MW Permits and authorisations are currently being secured for the projects, with construction anticipated to commence during the next 12 to 24 months, […]
Yinson Collaborates With Plus Xnergy
Yinson, through its indirect wholly owned subsidiary Yinson Renewables, has signed a collaboration agreement with Plus Xnergy Services Sdn Bhd (“PXS”), a wholly owned subsidiary of Plus Xnergy Holding Sdn. Bhd. (“Plus Xnergy”), expressing intentions to enter a business alliance to jointly invest and develop solar photovoltaic (“PV”) projects via power purchase agreement (“PPA”) schemes […]
Yinson and Verano collaborate to progress 800MW pipeline of solar projects in Latin America
Yinson Holdings Berhad (“Yinson”), through its wholly-owned subsidiary Yinson Renewables Pte Ltd, has agreed to collaborate with Chile-based renewable energy developer Verano Capital Holdings SpA (“Verano”) for renewable energy projects in Chile, Colombia and Peru. The collaboration initially targets to progress a pipeline of over 800MW of utility scale solar projects, of which 330MW are […]
Yinson signs Power Purchase Agreement for Nokh Project
On 30 March 2021, Yinson’s 80% indirect subsidiary, Rising Sun Energy K Pvt Ltd (“RSEK”) signed a 25-year power purchase agreement (“PPA”) with NTPC (“NTPC”) Limited for a 190MW solar project in Nokh Solar Park, Rajasthan. The estimated aggregate value of the contract, based on a fixed tariff rate of INR2.25/kWh, is approximately equivalent to INR27.5 billion (≈RM1.5 billion). […]
Yinson wins 190MW project in Nokh Solar Park, India
Yinson through its subsidiary Rising Sun Energy (K) Pvt Ltd (“RSEK”), has received a Letter of Award (“LOA”) from NTPC Limited for the development and operation of a 190MW grid-connected solar photovoltaic power project at the Nokh Solar Park in Rajasthan, India. RSEK is an indirect 80% owned subsidiary of Yinson. A 25-year power purchase […]
Yinson completes acquisition of India solar plant
Yinson through its wholly-owned subsidiary, Yinson Renewables (S) Pte Ltd, has completed its acquisition of an additional 57.5% equity interest in Rising Sun Energy Private Limited (“RSE”), an India-incorporated company with two operational solar plants in the Bhadla Solar Park, Rajasthan, India. The entry into this agreement was announced on 21st August 2020. Yinson had previously […]
Yinson expands Renewables team
Yinson is pleased to welcome Steve Pears as Senior Vice President, Construction and Technology, of its Renewable Division, further strengthening the Group’s standing as an emerging player in the global renewables industry. Steve has over 24 years of experience with both onshore and offshore renewables, involving surveying, design, tendering and contracting, construction management and services […]
Yinson increases stake in India solar plant to 95%
Yinson through its wholly-owned subsidiary Yinson Renewables (S) Pte Ltd, has entered into an agreement to acquire additional 57.5% equity interest in Rising Sun Energy Private Limited (“RSE”), an India-incorporated company with two operational solar plants in the Bhadla Solar Park, Rajasthan, India. Yinson will pay INR1.1 billion (RM61 million) for the stake, subject to […]