綠岩能源股份有限公司

[May 12, 2022 | Business Report]

The Ministry of Economic Affairs has set a policy goal for renewable energy to account for 20% of Taiwan's total power generation by 2025. This initiative actively promotes solar and wind power, with targets of 20GW for solar capacity and over 5.7GW for offshore wind by 2025. This policy shift has not only mobilized domestic green energy companies but has also attracted significant foreign interest. Recently, Lightsource bp, one of the world’s top three solar developers, announced a partnership with Taiwan’s GreenRock Energy to co-develop a 150MW fishery-solar coexistence project. This project is expected to generate enough electricity to power approximately 43,000 households annually, marking a major highlight in Taiwan’s renewable energy investment landscape.

GreenRock Energy’s development team has a proven history of participating in large-scale solar plants worldwide, including over 100MW in Japan, 300MW in Taiwan, 50MW in the Philippines, and 300MW in the United States. Dr. Yeh Meng-heng, Chairman of GreenRock Energy, noted that driven by the global push for carbon neutrality, the company has signed collaboration agreements with international giants—including Dutch and Greek oil companies—in addition to its ongoing project with Lightsource bp in Budai, Chiayi.

While reaching 20GW of solar capacity by 2025 is feasible, Dr. Yeh emphasizes that hitting 25GW will require further effort due to land constraints and the need for grid reinforcement. To address the industry's demand for "sufficient and stable" power, GreenRock is implementing a dual-track strategy: simultaneous deployment of solar plants and energy storage systems. Beyond its "one-stop" capabilities in development, construction, and management, GreenRock is integrating AI and Big Data analytics for smart grid management. These systems optimize power generation efficiency and provide comprehensive O&M (Operation and Maintenance) by analyzing environmental factors such as lightning strikes or snowfall (for overseas sites).

Chairman Dr. Yeh Meng-heng, who holds a PhD in Materials Science and Engineering from National Cheng Kung University, brings over 17 years of R&D and investment experience in the renewable energy sector. Previously a Director and General Manager at Gigasolar’s subsidiary, Dr. Yeh founded GreenRock Energy to expand green energy investment in Taiwan. Looking ahead, the company is planning for capital increases and an Initial Public Offering (IPO), aiming to work with like-minded investors to expand the renewable energy market.