Yinson’s investment in Brazil’s energy sector to grow

Yinson group chief executive officer Lim Chern Yuan.

KUALA LUMPUR: Yinson Holdings Bhd’s US$3bil of investments in Brazil’s energy sector is set to grow when it gets the greenlight to proceed with its proposed wind farms in north-eastern Brazil.

Group chief executive officer Lim Chern Yuan said the group is awaiting the final investment decision (FID) from the government there to proceed with the projects and will further reaffirm Brazil as its biggest market with three of nine floating production, storage and offloading (FPSO) vessels contracted there.