HDRE Reports Over 50% Revenue Growth in H1 2025　165 MW Overseas Storage Project Set for H2 Commissioning

HD Renewable Energy (HDRE) today (11th) announced its operating results for the first half of 2025, expressing confidence that its three core business groups will drive record-breaking revenue in the second half of the year. From right: Yuan-I Hsieh, Chairman of HDRE; Jason Chou, General Manager of HDRE.

Smart energy leader HD Renewable Energy (HDRE) announced on Aug 11th its operating results for the first half of 2025. Consolidated revenue for the first half reached NT$3.356 billion, with a gross profit of NT$822 million and net profit attributable to the parent company's shareholders of NT$182 million, representing earnings per share of NT$1.31. Compared with the same period last year, consolidated revenue rose 55.67%, reflecting both business expansion and enhanced operational efficiency. With organizational upgrades and deeper overseas deployment, HDRE has demonstrated strong momentum in advancing to the next stage of its development.

HD Renewable Energy's 50 MW storage project in Hokkaido was recently connected to the grid and is scheduled to commence commercial operations by year-end as planned, leveraging the Star Trade platform's bidding strategy to participate in Japan's electricity market.

Opportunities Surge in Japan and Australia; HDRE's Overseas Achievements Earn Further Market Recognition
Australia's renewable energy and storage market has become a global strategic focus. According to Aurora Energy Research, by 2028, Australia's online storage capacity will only be around 10–13 GW, leaving a significant gap from the government's 2030 target of 20 GW, indicating strong growth potential for the industry. Entering the Australian market in 2024, HDRE has established solar-plus-storage projects in four states, aiming for a total development volume of up to 2 GW. The company is adopting a dual-track model of "long-term tolling agreements + merchant market participation" to secure stable revenue, supplemented by hedging strategies such as electricity price caps. These efforts have attracted interest from multiple Taiwanese institutional investors, and recently, Shihlin Electric approved an NT$800 million investment in the company — a strong vote of confidence from the capital market.

In addition to Australia, HDRE has also been steadily expanding in Japan, with total solar and storage development targets now exceeding 3 GW. Earlier this year, the company announced a partnership with Brawn Capital to invest approximately NT$1.239 billion (about JPY 5.9 billion) in the 50 MW / 104 MWh Helios storage project (formerly Project Hikari) in Sapporo, Hokkaido. The project was connected to the 66 kV Hokkaido grid at the end of July and is now undergoing final pre-commercial operation testing, with official operation expected by year-end as planned. Going forward, through its subsidiary Star Trade's platform, HDRE will provide bidding strategies for Japan's electricity market, participating in the capacity, spot, and frequency regulation markets to generate synergistic revenue.

In Australia, HD Renewable Energy has combined long-term revenue mechanisms with hedging strategies, securing an NT$800 million investment from Shihlin Electric—demonstrating strong confidence from the capital market.

Steady Progress Across Three Core Business Segments in the Second Half
HDRE General Manager Jason Chou stated, "Following our organizational upgrade, HDRE Group is integrating multinational, multi-faceted business resources to strengthen global operational collaboration and deepen partnerships with international clients and strategic allies. Looking ahead to the second half, the group will focus on three core business segments — power services, asset management, and renewable energy development & engineering — to drive another record-breaking year for revenue in 2025."

In the second half, HDRE will continue to advance solar and storage engineering, electricity trading, and asset integration projects. In Taiwan, projects are scheduled to come online by year-end; in Japan and Australia, key milestones in signing, construction, and commercial operation will also be reached, driving overall performance. To meet corporate electricity transition needs, Star Trade will continue promoting integrated green power and storage solutions, helping businesses enhance electricity value and energy management efficiency. Combining technological innovation with localized strategies, HDRE aims to deliver long-term value in the global energy transition and sustainable development process.