Shares Of Fubon-Backed Solar Farm Developer Slump In First Trading On Taiwan’s Main Board

Taiwan News

Shares Of Fubon-Backed Solar Farm Developer Slump In First Trading On Taiwan’s Main Board
HdrenewableenergyHDREGreenenergy
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I am a multimedia producer at Forbes Asia, based in Hong Kong. Previously, I worked as a video producer at South China Morning Post, covering social, political and lifestyle news.

NT$991.2 million. In the first half of the year,posted revenue of NT$2.2 billion, a 5.4% increase from the same period last year, while profits declined 4.6% to NT$Demand for green energy, such as from solar panels, has been rising as Taiwan ese suppliers of tech giants like Apple and Google try to meet their clients’ carbon neutrality goals. To meet that commitment, renewable energy companies like HDRE will need to dramatically ramp up their capacity in the coming decades.

“The intermittent nature of renewable energy sources means that electricity generation may not always align with the demand for electricity,” Chou Shih-chang, cofounder and general manager of HDRE, said in an interview at the company’s headquarters last year. “Therefore, the development of AI algorithms is necessary to predict the generation and usage.”

Before starting HDRE in 2016, Chou and his cofounder Hsieh Yuan-i were running a totally different business. They sold souvenirs at a Buddhism museum in southern Taiwan. Although they initially turned a profit, the venture ultimately closed after losses piled up.

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