KUALA LUMPUR, June 22 -- Yinson Holdings Bhd has agreed to collaborate with Chile-based renewable energy developer Verano Capital Holdings SpA for renewable energy projects in Chile, Colombia and Peru.
The global energy infrastructure and technology company said through its wholly-owned subsidiary, Yinson Renewables Pte Ltd, the collaboration initially targeting to progress a pipeline of over 800 megawatt (MW) of utility-scale solar projects, of which, 330MW are expected to be consented within the next six to 12 months.
“Due to their strategic locations, these projects are anticipated to enable Yinson and Verano Capital to offer attractive power offtake prices to energy buyers,” it said in a filing with Bursa Malaysia today.
It said both parties would focus on completing the consenting process for the most advanced projects in this collaboration and subject to Yinson’s final investment decisions, Yinson and Verano Capital aimed to begin construction of the first 100MW within the next six months.
Founded in 2012, Verano has sourced, provided initial investments and developed renewable energy projects in Latin America for nearly a decade.
It has an existing portfolio in excess of one gigawatt with 23 sold projects in operation, generating 284,900 megawatt hour of clean energy and offsetting 258,602 tonnes of carbon dioxide per year.
-- BERNAMA
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