GreenRock Energy Expands Internationally, Sets Sights on Emerging Stock Board Listing in 2025
GreenRock Energy has been honoured with the 18th Golden Torch Award, with General Manager Lai Ming-hung (right) accepting the accolade on behalf of the company.
To align with international standards, enterprises are increasingly committing to RE100 targets, making domestic green electricity sales platforms increasingly vital. Green Rock Energy's own projects, combined with large-scale aquaculture-photovoltaic co-generation sites progressively connecting to the grid, could supply up to 150MW to 200MW of green electricity within three years. The company is currently advancing towards establishing its own electricity sales platform.
The 120MW photovoltaic project in Chiayi represents one of Taiwan's most prominent aquaculture-photovoltaic developments. GreenRock successfully secured foreign investment from BP for this project, with grid connections expected to commence next year. Furthermore, through collaboration with a subsidiary of Taiwan's leading solar energy provider, CHUANG CHU, Green Rock stands to benefit from revenues generated by large-scale aquaculture-photovoltaic project development and turnkey engineering contracts. This is projected to drive significant revenue growth over the next two years.
Renewable energy presents boundless opportunities, and Green Rock employs flexible operational strategies to create diverse revenue streams. General Manager Lai Ming-hung stated that future developments will target Japan, Australia, Southeast Asia, and the United States. Furthermore, by partnering with Solarvest, a leading Malaysian solar energy listed company, Green Rock has become the first Taiwanese enterprise to participate in Malaysia's LSS5 Green Energy Programme, demonstrating its capability to facilitate foreign investment.
Green Rock remains active in the energy storage market. Beyond its involvement in AFC frequency regulation, the company will expand into the commercial and industrial behind-the-meter storage sector. This aims to enhance clients' competitiveness in adapting to future electricity pricing policies.
Major green energy players are successively listing. Following Power Crystal Energy's successful IPO after registering on the OTC market in August, Green Rock is proceeding according to its original plan, targeting an OTC listing and subsequent main board listing by 2025. Green Rock consistently delivers strong annual profits, with this year's total dividend payout reaching NT$5 per share – a new record high. This has bolstered investor confidence in its listing prospects and raised high expectations.
