75 INTEGRATED ANNUAL REPORT 2026 YEAR IN REVIEW 2025 was a strong year for Yinson Renewables, marked by solid progress across all our core focus regions and continued strengthening of our long-term growth foundations, evidenced by the addition of over USD 1.5 billion of forecasted revenues. Our operating assets delivered stable performance throughout the year, remaining broadly in line with expectations. A key achievement for the year was the advancement of our project pipeline, with two utility-scale projects in the construction phase and several others progressing through permitting, land acquisition and grid‑connection milestones. Collectively, these developments represent important steps in building the value of our pipeline. Across our key markets in Latin America, Asia Pacific and Europe, we continued to refine our strategies to suit local operating environments while maintaining a consistent global approach to quality, safety and disciplined capital allocation. This combination of regional adaptability and strong central capabilities allowed us to navigate diverse regulatory, grid and market conditions, deepen our presence in priority geographies and enhance the resilience of our future pipeline. The following section provides a closer look at our performance across each region and the progress achieved in 2025. FY2026 highlights Assets 557 MW utility scale assets operational ~32 MW rooftop and commercial and industrial assets operational or under construction 148 MW utility scale assets under construction ~1,500 MW utility scale projects secured and in development and/or consented Pipeline ~2,000 MW early-stage development pipeline 7 countries with active project development footprint ~1,033 GWh annual total generation capacity ~865,443 tonnes CO2e emissions avoidance capacity 986.3 GWh renewable energy sold ~827,644 tonnes CO2e emissions avoided from renewable energy sold ~USD 2.5 billion in forecasted revenue, underpinned by long-term PPAs Operational performance YINSON RENEWABLES Commentary by Vegard Urnes, Yinson Renewables Chief Executive Officer Yinson Renewables is executing a disciplined growth strategy focused on building high-quality, resilient renewable energy assets in markets where we can create sustained value. Underpinned by strong governance, prudent capital allocation and deep local engagement, the year under review demonstrates continued progress in maturing our portfolio and positioning the business for scalable, long-term returns within a rapidly evolving energy landscape. Asia Pacific Asia Pacific is one of the fastest‑growing clean energy markets globally, with renewable capacity reaching nearly 2.6 TW in 2024 and attracting approximately USD 528 billion in investment – accounting for more than 60% of global renewable spending. Wind and solar continue to expand rapidly, driven by rising energy demand, industrial growth and sustained national climate commitments. Many South and Southeast Asian countries have updated their renewable targets and procurement frameworks during the year, supported by coordinated regional efforts under ASEAN’s energy cooperation programmes. Governments also advanced auctions for utility‑scale and hybrid projects, reflecting a broader shift toward storage‑integrated systems. With electricity demand in the region expected to triple by 2050, continued investment in grid resilience, storage and flexible capacity will be critical to meeting long‑term clean energy goals. BUSINESS REVIEWS | YINSON RENEWABLES
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