Yinson Renewables, YTL expand into New Zealand's renewable energy, tourism sectors

New Zealand Prime Minister Christopher Luxon

KUALA LUMPUR: Yinson Renewables and YTL Corp Bhd are expanding into New Zealand with major investments in the country’s renewable energy and tourism sectors.

Yinson Renewables plans to develop about 1GW of renewable energy projects in New Zealand, building on four years of wind project development supported by Invest New Zealand, the government’s investment attraction agency.