TAIPEI, July 2, 2025 /PRNewswire/ -- Star Trade, a subsidiary of HD Renewable Energy (TWSE: 6873) and a leading provider of renewable energy retailing and storage integration services, announced the signing of a power purchase agreement (PPA) with Lightsource bp, a leading developer and manager of global onshore renewable energy projects.
HD Renewable Energy’s Star Trade Signs PPA with Lightsource bp for 115MWp Fishery Solar Project in Taiwan.
Under the PPA, Star Trade will manage the full offtake and sales of Lightsource bp's 115MWp fishery solar project's energy output. The solar project, located in Budai and Yizhu Townships, Chiayi County, Taiwan, has officially broken ground in June 2025. During construction, the project is expected to create up to 750 local jobs. Once operational, the project will generate up to 180,000 megawatt-hours of renewable energy a year - enough to power the equivalent of around 41,000 households annually.
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, further reinforcing its role as a core player in Taiwan's renewable energy landscape.
Jason Chou, Chairman of Star Trade and General Manager of HD Renewable Energy, said, "HD Renewable Energy 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."
Following its strategic merger in May, 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 HD Renewable Energy Group's long-term strategy to deepen its presence in international renewable energy markets.