HD Renewable Energy Posts NT$802 Million in November Revenue as Australia Templers Energy Storage Project Reaches Commercial Operation
HD Renewable Energy Posts NT$802 Million in November Revenue as Australia Templers Energy Storage Project Reaches Commercial Operation
HD Renewable Energy's Templers large-scale energy storage project in South Australia entered commercial operation last week and has secured both a long-term energy storage tolling agreement and AGERA, establishing a stable and predictable long-term revenue structure.
HD Renewable Energy Co., Ltd. ("HDRE"), a leading smart energy company, announced consolidated revenue of NT$802 million for November 2025. As of November, cumulative revenue for 2025 reached NT$7.144 billion, driven primarily by the progressive recognition of materials and engineering works for energy storage projects, solar PV installations, and fishery and electricity symbiosis developments across Taiwan, as well as power trading under electricity wheeling arrangements.
With the Templers large-scale energy storage project in Australia officially commencing commercial operations last week, HDRE is set to enter its first full year of overseas operations in 2026. The company will accelerate its global capacity deployment, providing a strong catalyst for medium- to long-term growth momentum.
HDRE has achieved concrete milestones in both Japan and Australia this year, marking a transition into an intensive execution phase of its overseas expansion strategy. In Hokkaido, Japan, the Helios 50 MW energy storage project has officially commenced operations and is expected to generate JPY 2 billion in power trading revenue by 2026.
Meanwhile, the Templers large-scale energy storage project in South Australia (111 MW / 330 MWh) began commercial operations last week. The project has secured a 20-year energy storage tolling agreement and will supply electricity to the South Australian government under a long-term power purchase agreement, AGERA, establishing a stable and predictable long-term revenue structure. This project also represents the first successfully deployed asset under the company's ZEBRE asset platform, underscoring its capability to execute and scale international energy storage investments.
HDRE Group's energy storage and solar projects in Australia are progressing steadily, transitioning from development into construction and operations, with total cumulative development capacity expected to reach 2.7 GW by 2028.
Under the ZEBRE platform, the large-scale Solar River hybrid solar-plus-storage project in South Australia—comprising 256 MW of energy storage and 232 MW of solar PV—has secured development and grid connection approvals and has recently passed Australia's federal environmental impact assessment. The project is expected to break ground in phases starting in 2026.
In addition, ZEBRE has acquired rights to several greenfield projects across Australia's eastern states, including New South Wales, Victoria, and Queensland. These projects have entered the permitting and approval phase and are expected to reach ready-to-build status between 2026 and 2027.
With multiple projects advancing in parallel, HDRE continues to expand the scale of its renewable energy asset base in Australia and strengthen its market presence and influence in the region.
As coal-fired power plants in Australia retire at an accelerating pace, state governments are actively rolling out long-duration energy storage (LDES) subsidies and tender schemes to strengthen grid supply during nighttime hours and periods of low renewable generation. Against this policy backdrop, the ZEBRE platform has emerged as the core engine of HDRE's expansion in Australia.
Leveraging a solid renewable asset base and the market expertise of local partners, ZEBRE is strategically targeting federal and state-level incentive programs and public tenders, while establishing a long-term operating model that integrates asset management returns with power market trading capabilities. This strategy not only enables projects to secure more favorable financing terms and lower capital costs, but also significantly enhances HDRE's competitiveness in Australia's energy storage solutions and electricity trading markets, delivering an one-stop "develop–own–operate" model that maximizes value across the project lifecycle.
