HD Renewable Energy Collaborates with Australia's ZEN Energy to Establish an Asset Platform Targeting a Capacity of 1.4 GW

Global smart energy company HD Renewable Energy (HDRE), after acquiring a 9.7% equity stake in Australian energy company ZEN Energy in November, has continued to strengthen its collaborative efforts. On the 23rd, HDRE convened its board of directors and resolved to jointly establish a green energy investment and asset management platform, "ZEBRE," with the ZEN Energy Group. The platform aims for a total investment capacity of 1.4 GW and will acquire the assets of the Solar River Project, a large-scale solar and energy storage site in South Australia, through this initiative. HDRE anticipates that investments in projects such as Solar River via ZEBRE will contribute to stable overseas revenue streams.

The ZEBRE platform is co-founded by HDRE II Trust, a fully owned subsidiary of HDRE, and Zen Future, a subsidiary of ZEN Energy, with an equity structure of 70% held by HDRE II Trust and 30% by Zen Future. The platform's development goals include 400 MW of solar power and 1 GW of energy storage, which is expected to contribute at least 33% growth to Australia's existing 3 GW of storage capacity.

ZEBRE's first investment project is the Solar River Project, a large-scale hybrid solar and energy storage facility in South Australia. The project is part of the Capacity Investment Scheme (CIS), a collaborative initiative between Australia's federal and state governments. Despite a success rate of only 4% in South Australia-Victoria bids this year, Solar River successfully secured government financial support. The project's total development capacity is 256 MW of energy storage and 210 MW of solar power. In the future, stable and long-term income will be generated through Tolling Agreements and asset management, alongside participation in Australia's electricity market transactions.

According to the Australian Energy Market Operator (AEMO), Australia will require at least 22 GW of energy storage capacity by 2030, representing a more than 700% increase in storage capacity within the next 6 years. AEMO's latest 2024 Integrated System Plan (ISP) forecasts a rise in energy storage capacity from the current 3 GW to 49 GW by 2050.

Looking ahead to 2025, HDRE will continue to deepen its presence in international electricity markets such as Australia, Japan, and the Philippines. In Australia, the company targets the development of 0.6 GW of solar power and 1.5 GW of energy storage; in Japan, 0.4 GW of solar power and 2.6 GW of energy storage; and in the Philippines, a total of 1 GW of solar capacity. Leveraging its expertise in system integration and proprietary electricity trading forecasting systems, along with the resources and experience of local partners, HDRE is actively advancing its global market presence. By 2026, the company expects its overseas business to mature, revenue sources to diversify, and steady progress toward becoming a global leader in smart energy.