Yinson unit secures financing for solar project


KUALA LUMPUR: Yinson Holdings Bhd’s renewables business unit, Yinson Renewables (YR), has secured a US$59mil senior secured green financing facility for the Matarani solar project in Peru from IDB Invest and Natixis Corporate & Investment Banking (Natixis CIB).

YR chief financial officer Vegard Urnes said the financing marked a significant milestone for the company in Latin America.

He said this achievement not only underscores YR’s commitment to advancing renewable energy solutions but also highlights the importance of strategic partnerships with institutions like IDB Invest and Natixis CIB.

“This collaboration is a testament to our shared vision of fostering sustainable development and addressing climate change. We look forward to continuing our work in Peru and beyond, leveraging these strong partnerships to drive future projects that contribute to a greener and more resilient energy landscape,” he said in a statement.

YR said Natixis CIB acted as the sole structuring bank, green loan coordinator, and joint lead arranger alongside IDB Invest. — Bernama

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

China to play 'stabilising' role in Davos
Ringgit to be range-bound at 4-4.20 on strong external position
84% of CEOs in Malaysia to expand beyond traditional industry boundaries- PwC survey
Bursa Malaysia remains lower at midday
CIMB Thai posts RM293mil net profit in FY25
Reservoir Link Energy unit secures work order from Roc Oil Sarawak
KKB Engineering bags six contracts valued at RM80mil
AirAsia X announces new leadership structure
Malaysia's total trade in 2025 tops RM3 trillion, E&E drives export growth
SBS Nexus opens flat at 25 sen on ACE Market debut

Others Also Read