HD RENEWABLE ENERGY Business Summary

HD Renewable Energy Ltd (6873.TW) operates an integrated "Smart Power" business model, generating revenue through five core segments: Power Development and Engineering (EPC), Asset Management, Smart Energy Services, Brand Businesses, and Power Trading. The company has evolved from a solar-focused engineering firm into a comprehensive green energy provider, monetizing through project construction fees, long-term operation and maintenance (O&M) contracts, and green electricity sales via its proprietary "STAR EXCHANGE" platform. As of 2026, the firm is aggressively expanding its energy storage and virtual power plant (VPP) capabilities, alongside its "TAITEN" EV charging infrastructure. Within the competitive landscape, HD Renewable Energy maintains a leading position in Taiwan’s aquavoltaic sector and is a first-mover in international market expansion compared to direct peers such as J&V Energy Technology (6869.TW), Foxwell Power (6994.TW), and Shinfox Energy (6806.TW). The company was co-founded by Chairman Yuan-Yi (Edward) Hsieh and General Manager/CEO Shih-Chang (Jason) Chou, who established the firm in 2016 after successfully developing solar projects in Japan. Hsieh brings a strong financial pedigree with an Economics degree from the University of British Columbia and a Master’s in Financial Entrepreneurship from Baruch College, while Chou provides deep operational expertise in regional energy markets. The leadership team is supported by CFO Liao Yen-kai and Senior VP Mingxin Chen. HD Renewable Energy is notably backed by strategic investors including Fubon Financial and Mitsubishi Electric Corporation, the latter of which holds a minority stake to facilitate joint ventures in energy storage and smart grid technologies. The board is further strengthened by independent directors with backgrounds in electrical engineering and corporate finance, reflecting a balance of technical and fiscal oversight.