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, subject to the securing of Power Purchase Agreements, suitable financing and a final investment decision.

The projects are developed in partnership with DWUL Energy (“DWUL”) and Ziatech respectively, two leading renewable energy developers in Brazil. Both DWUL and Ziatech will continue supporting Yinson until the projects reach ready-to-build (RTB) stage.

This acquisition marks YR’s entry into the Brazilian renewable energy generation market and adds to its growing pipeline of projects around the world.

Yinson Renewables Chief Executive Officer David Brunt said, “Brazil is an important market for Yinson, with three long term FPSO contracts awarded to Yinson’s offshore production division. Building a renewable energy presence here allows us to tap into the synergies between Yinson’s business divisions and leverage on the Group’s resources, capacity and expertise on the ground. This lays a strong foundation for Yinson to become a significant player across the wider energy space in Brazil.”

YR’s goal is to become a leading global renewable energy Independent Power Producer (IPP). In addition to its first operating and under-construction assets in India (totalling 460MW), YR has secured a 1.5GW pipeline of utility scale projects which are under development and progressing towards RTB status across Latin America, Europe and the Asia Pacific region. In addition, YR is actively working with a range of early stage pipeline opportunities in the same regions totalling around 3 to 5GW.