Plus Renewables sets up renewable energy JV platform in Taiwan
Joint venture with Taiwanese firm will construct, operate, and own various classes of renewable energy assets, including solar power and floating solar power
Plus Renewable Technologies Ltd. (Plus Renewables) has created a renewable energy joint venture platform in Taiwan with W Energy Investment Corporation (W Energy), a local developer of solar and renewable energy, for the development, construction, operation, and ownership of various classes of renewable energy assets, including rooftop and ground mounted solar power, floating solar power, and small onshore wind power.
The joint venture owns operating commercial rooftop solar projects in Hsinchu and Tainan counties and is scheduled to start the construction of solar power carports at the High Speed Rail stations in Chiayi and Tainan.
Thus far, the joint venture has developed a portfolio of ground-mounted solar power projects and aims to connect up to 20 MW of projects under Taiwan Power Company’s 2019 feed-in-tariffs. Concurrently, W Energy continues to actively develop new power projects with a target of over 200 MW for the joint venture in the coming two years.
Through this joint platform, Plus Renewables plans to showcase its asset management services in the Taiwan market by bringing in Radian Generation, its wholly owned subsidiary based in California. Radian Generation, using its own proprietary technology, is one of the world’s largest renewable energy asset managers with over 12 GW of third-party solar and wind generation assets under management.
Other than Taiwan, Plus Renewables also owns operating renewable assets in China and the US and continues to develop new projects in other Asian markets, including the Philippines, Malaysia, Vietnam, South Korea, and Sri Lanka.
Social Media Links (This section can be seen in office only):
Twitter : https://www.theasset.com/article-single.php?id=38007&social=twitter
Linkedin : https://www.theasset.com/article-single.php?id=38007&social=linkedin
Facebook : https://www.theasset.com/article-single.php?id=38007&social=facebook