HD Renewable Energy's Star Trade Signs PPA with Lightsource bp for 115MWp Fishery Solar Project in Taiwan

June 26, 2025 05:30 PM AEST | By Cision

Google News:

HD Renewable Energy's Star Trade Signs PPA with Lightsource bp for 115MWp Fishery Solar Project in Taiwan — Image source: Kalkine Media

Recent News

Solos Launches Next-Generation Smart Glasses with Seamless Voice Contr...

Spiber announces new partnerships with Manifattura Sesia and Achille P...

Deepen the Application of Power Big Data to Promote New Energy Consump...

VidMage Launches Online AI Face Swap Tool for Photos and Videos, with...

TAIPEI, June 26, 2025 /PRNewswire/ -- Star Trade, a subsidiary of HD Renewable Energy (HDRE, TWSE: 6873) and a leading provider of renewable energy retailing and storage integration services, today announced the signing of a power purchase agreement (PPA) with Lightsource bp, a leading developer and manager of global onshore renewable energy projects. The agreement secures 100% of the contracted output from Lightsource bp's 115MWp fishery solar project located in Chiayi, Taiwan.

As the first major renewable transaction for Star Trade since its strategic merger with Star Energy Storage Solutions, the partnership reflects a shared commitment to providing value-added renewable energy solutions while advancing the energy transition in Taiwan.

Bin Fu, Head of Taiwan at Lightsource bp, said, "Project Budai marks a significant milestone in our development in Taiwan and showcases Lightsource bp's expertise in aligning global strategy with local progress. We are pleased to sign this PPA with Star Trade to help Taiwan's businesses achieve their carbon reduction goals. Lightsource bp remains committed to cultivating long-term local partnerships and delivering sustainable energy solutions for Taiwan."

The fishery solar farm officially broke ground in June 2025. Once operational, the project will generate up to 180,000 megawatt-hours of renewable energy a year. Under the PPA, Star Trade will manage the full offtake and sales of the solar project's energy output.

As the third-largest electricity retailer in Taiwan, Star Trade supplies renewable energy to major industrial and commercial customers across the semiconductor, financial, and manufacturing sectors. By the end of 2025, the company expects its total externally procured green electricity to exceed 650MW.

Jason Chou, Chairman of Star Trade and General Manager of HD Renewable Energy, said, "HDRE Group have long focused on advancing renewable energy solutions. We are excited to collaborate with Lightsource bp, a partner with strong global vision, and look forward to driving a greener, more globally connected future with Taiwan's industries. With Star Trade's recent transformation, we are bringing in top talents and new technologies to deliver more flexible and high-value solutions across power trading and energy aggregation."

Star Trade is actively advancing a new business model centered around power trading and energy aggregation. This integrated approach, unprecedented in Taiwan's energy market, will support more dynamic and responsive energy solutions. The merger also advances HDRE Group's long-term strategy to deepen its presence in international renewable energy markets.

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (“Kalkine Media, we or us”), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary.
The content published on Kalkine Media also includes feeds sourced from third-party providers. Kalkine does not assert any ownership rights over the content provided by these third-party sources. The inclusion of such feeds on the Website is for informational purposes only. Kalkine does not guarantee the accuracy, completeness, or reliability of the content obtained from third-party feeds. Furthermore, Kalkine Media shall not be held liable for any errors, omissions, or inaccuracies in the content obtained from third-party feeds, nor for any damages or losses arising from the use of such content.
Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyrighted to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have made reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.
This disclaimer is subject to change without notice. Users are advised to review this disclaimer periodically for any updates or modifications.