Simon Ansley: Head of Foreign Director Investment for Invest New Zealand discusses new investments in energy infrastructure

Malaysian company 'Yinson Renewables' is set to invest in a new pipeline of projects totalling one gigawatt of wind energy - almost doubling New Zealand's current capacity. 

The $3billion investment would generate enough electricity to power 750,000 homes - exceeding Huntly's current output. 

Head of Foreign Director Investment for Invest New Zealand Simon Ansley told Mike Hosking that the company has already been operating under the radar in New Zealand, and is now ready to make a major impact. 

'They've been supporting them through navigating New Zealand, regulatory environment, OAO, etc.'

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Episode Transcript

Speaker 1 (00:00):
Good news and energy and renewables. Now, this is a
Malaysian company. They set to invest in a bunch of
projects here that will total a gigawatt of wind energy
that almost doubles our current capacity. It's three billion dollars worth,
generates enough electricity to power seven hundred and fifty thousand homes. Now,
Simon Angeley is the head of Foreign Direct Investment for
invest New Zealand to Anders with a Simon morning, Good

(00:20):
morning mite these guys the noise, I mean, are these
big players? Are we going woho? Yinsn's here.

Speaker 2 (00:27):
Here we are? You know, Jinsen has been has had
presence in New Zealand for four years, probably a little
bit under the radar. We've been aware of them within
our renewal of energy pipeline for around two years and
in recent times have been supporting them through navigating New
Zealand legatory environment oo etc. So this is a big deal.

(00:50):
As you just mentioned, one giga lot of power equates
to around seven hundred and fifty thousand homes being powered.
Put it into comparison, that's so one gigawatte one thousand
megawatts one hundreds capacity is nine hundred and fifty megawatts Manipuri.
Our largest hydro station is eight hundred and fifty megawatts.

(01:11):
So yes, this is a big deal.

Speaker 1 (01:13):
Is YINSN all about wind? All they do all renewables
at the moment.

Speaker 2 (01:18):
You know, in other countries they have exposure across a
range of renewables. Our understanding at this stage is their
pipeline of projects is focused on on shore wind and
they have a solid pipeline of projects that they're looking
to deploy in New Zealand sort of every twelve to
eighteen months. As good as their timeframes.

Speaker 1 (01:40):
Oh, we are we an attractive market of things going
in the right direction because all I can see is
if we want to be data centers and open AI
and all the other stuff that's going on, we need
to do a hour of a lot more than we
are currently.

Speaker 2 (01:53):
Bob and on Mike. Yes, look, you know we'd love
more generation. Any new generation is good in our system
right now. So you just think about it from you
know New Zealand household perspective. You know, house prices have
been sorry, electricity prices has been quite volatile and we've
had quite high prices. That's also affected some of our business.

(02:13):
So if we can get more generation into the ecosystem,
then we can stabilize area electricity prices. That's one. Secondly,
and you've just touched on it. You know, there's a
massive demand and increasing demand with existing business, but there's
also this new business that needs and demanding renewable energy.
So large projects like this can help stimulate that new business.

(02:36):
Your data fuels, new food, et cetera.

Speaker 1 (02:39):
Good stuff, good insight, Simon, well done, Simon Angeley, head
a foreign direct investment for Investment selands.

Speaker 2 (02:45):
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