HDRE Expands Investment Footprint in Australia: ZEBRE Platform Secures an Additional 795 MW Greenfield Projects

HD Renewable Energy (HDRE) convened its Board of Directors today (March 21), approving an additional investment of approximately NT$290 million (AUD 14 million) through its Australian asset management platform, ZEBRE. This brings HDRE's cumulative investment to around NT$1.18 billion (AUD 57 million). Through this latest initiative, HDRE has secured development rights for 4 greenfield projects located in New South Wales (NSW), Victoria (VIC), and Queensland (QLD), with a preliminary planned development capacity totaling 795 MW. This move further strengthens HDRE's strategic presence and competitiveness in Australia's solar and energy storage markets.

ZEBRE is a joint venture between HDRE and Australian energy company ZEN Energy, dedicated to the investment and asset management of large-scale solar and energy storage projects in Australia. ZEBRE's overall development target is 1.4 GW. Its inaugural investment project, the Solar River Project in South Australia, is a large-scale hybrid solar and storage facility, comprising 210 MW of solar and 256 MW of energy storage. The project is currently in the final stages of the grid connection application process.

The newly acquired rights for the 4 greenfield projects are located along Australia's east coast, with a planned combined capacity of 695 MW for energy storage and 100 MW for solar generation. Among these, the energy storage system in the Riverina region of New South Wales is designed for a capacity of 105 MW (420 MWh of battery storage). It is expected to obtain development approval in 2025, with construction commencing in 2026. Upon completion, it will supply green electricity to approximately 35,000 local households.

The remaining 3 projects include standalone energy storage systems and hybrid solar-storage facilities across Victoria and Queensland. Once operational, they are projected to provide stable renewable energy to nearly 232,000 households and businesses in the region. As ZEBRE continues to expand its investments, HDRE accelerates Australia's energy transition while deepening its global market presence, steadily increasing the scale and competitiveness of its overseas operations.

Note:
All AUD amounts mentioned in this article are calculated based on the spot exchange rate announced by the Bank of Taiwan on March 20, 2025, at 1 AUD = 20.77 TWD.