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Speaker 1: Good news and energy and renewables. Now, this is a

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Speaker 1: Malaysian company. They set to invest in a bunch of

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Speaker 1: projects here that will total a gigawatt of wind energy

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Speaker 1: that almost doubles our current capacity. It's three billion dollars worth,

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Speaker 1: generates enough electricity to power seven hundred and fifty thousand homes. Now,

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Speaker 1: Simon Angeley is the head of Foreign Direct Investment for

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Speaker 1: invest New Zealand to Anders with a Simon morning, Good

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Speaker 1: morning mite these guys the noise, I mean, are these

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Speaker 1: big players? Are we going woho? Yinsn's here.

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Speaker 2: Here we are? You know, Jinsen has been has had

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Speaker 2: presence in New Zealand for four years, probably a little

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Speaker 2: bit under the radar. We've been aware of them within

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Speaker 2: our renewal of energy pipeline for around two years and

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Speaker 2: in recent times have been supporting them through navigating New

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Speaker 2: Zealand legatory environment oo etc. So this is a big deal.

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Speaker 2: As you just mentioned, one giga lot of power equates

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Speaker 2: to around seven hundred and fifty thousand homes being powered.

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Speaker 2: Put it into comparison, that's so one gigawatte one thousand

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Speaker 2: megawatts one hundreds capacity is nine hundred and fifty megawatts Manipuri.

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Speaker 2: Our largest hydro station is eight hundred and fifty megawatts.

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Speaker 2: So yes, this is a big deal.

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Speaker 1: Is YINSN all about wind? All they do all renewables

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Speaker 1: at the moment.

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Speaker 2: You know, in other countries they have exposure across a

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Speaker 2: range of renewables. Our understanding at this stage is their

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Speaker 2: pipeline of projects is focused on on shore wind and

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Speaker 2: they have a solid pipeline of projects that they're looking

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Speaker 2: to deploy in New Zealand sort of every twelve to

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Speaker 2: eighteen months. As good as their timeframes.

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Speaker 1: Oh, we are we an attractive market of things going

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Speaker 1: in the right direction because all I can see is

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Speaker 1: if we want to be data centers and open AI

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Speaker 1: and all the other stuff that's going on, we need

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Speaker 1: to do a hour of a lot more than we

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Speaker 1: are currently.

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Speaker 2: Bob and on Mike. Yes, look, you know we'd love

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Speaker 2: more generation. Any new generation is good in our system

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Speaker 2: right now. So you just think about it from you

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Speaker 2: know New Zealand household perspective. You know, house prices have

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Speaker 2: been sorry, electricity prices has been quite volatile and we've

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Speaker 2: had quite high prices. That's also affected some of our business.

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Speaker 2: So if we can get more generation into the ecosystem,

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Speaker 2: then we can stabilize area electricity prices. That's one. Secondly,

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Speaker 2: and you've just touched on it. You know, there's a

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Speaker 2: massive demand and increasing demand with existing business, but there's

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Speaker 2: also this new business that needs and demanding renewable energy.

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Speaker 2: So large projects like this can help stimulate that new business.

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Speaker 2: Your data fuels, new food, et cetera.

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Speaker 1: Good stuff, good insight, Simon, well done, Simon Angeley, head

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Speaker 1: a foreign direct investment for Investment selands.

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