After Securing A 22-Year, Billion-Dollar Contract With Petrobras For Oil And Gas Projects, Malaysia's Yinson Enters Brazil's Renewable Energy Market By Acquiring Nearly 500 MW In Wind Power In Ceará

After Securing A 22-Year, Billion-Dollar Contract With Petrobras For Oil And Gas Projects, Malaysia’s Yinson Enters Brazil’s Renewable Energy Market By Acquiring Nearly 500 MW In Wind Power In Ceará

Written by Flavia Marinho

Published on 22/03/2022 at 11:37

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Acquisition Marks The Entry Of Yinson Into The Brazilian Renewable Energy Generation Market And Increases Its Projects Worldwide

The Malaysian multinational, Yinson, recently awarded 22-year oil and gas contracts by Petrobras, announced through its Renewable Energy Division that Yinson Renewables (“YR”) has completed the acquisition of two renewable energy generation projects in Ceará. The combined expected installed capacity of the wind energy projects is 486MW.

Licenses and permits are currently being secured for the projects, with construction expected to begin within the next 12 to 24 months, subject to the procurement of Power Purchase Agreements, adequate financing, and a final investment decision.

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

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This acquisition marks YR’s entry into the Brazilian renewable energy generation market and increases its growing pipeline of projects worldwide.

YR Aims To Become One Of The Leading Independent Global Renewable Energy Producers

The CEO of Yinson Renewables, 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 explore synergies between Yinson’s business divisions and leverage the Group’s resources, capabilities, and experience on the ground. This establishes a solid foundation for Yinson to become a significant player across the broader energy space in Brazil.”

Yinson Renewables’ goal is to become one of the leading independent global renewable energy producers (IPP). In addition to its first operational and under-construction assets in India (totaling 460 MW), YR has secured a 1.5 GW pipeline of utility-scale projects that are under development and progressing towards RTB status across Latin America, Europe, and the Asia-Pacific region. Additionally, YR is actively working on a variety of early-stage pipeline opportunities in the same regions, totaling approximately 3 to 5 GW.

After Securing A 22-Year, Billion-Dollar Contract With Petrobras For Oil And Gas Projects, Malaysia’s Yinson Enters Brazil’s Renewable Energy Market By Acquiring Nearly 500 MW In Wind Power In Ceará

Acquisition Marks The Entry Of Yinson Into The Brazilian Renewable Energy Generation Market And Increases Its Projects Worldwide

Major Oil, Gas, and Energy Event Will Take Place in Brazil: Macaé Energy Will Gather Petrobras, Equinor, Prio, Among Other Suppliers and Energy Executives for Business, Networking, and Employment Opportunities

YR Aims To Become One Of The Leading Independent Global Renewable Energy Producers

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After Securing A 22-Year, Billion-Dollar Contract With Petrobras For Oil And Gas Projects, Malaysia’s Yinson Enters Brazil’s Renewable Energy Market By Acquiring Nearly 500 MW In Wind Power In Ceará

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Billions of barrels on the equatorial margin could lead Amapá to double its oil production in Brazil — the state wants to enter the route of companies in the Campos Basin, attract investments, and boost jobs and businesses in the oil and gas sector.

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Without bricks, without cement, and without endless construction: the cardboard house that is assembled in modules and can be moved.

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Tire road? Thousands of shredded tires were secretly placed under a ramp in California, preventing a one-year delay in a project on weak soil and supporting a 26-foot-high structure in a corridor connected to I-880.

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