J&V Energy Technology reported record profits for 2024 with net income of NT$11.3 billion ($355 million), up 1.4% from the previous year. The Taiwan-based renewable energy company approved a cash dividend of NT$5 per share, representing a 60% payout ratio.
The firm’s electricity generation and sales revenue surged 221% year-over-year to NT$11.1 billion ($349 million), driven by growth in green energy trading and steady income from its large-scale projects. Its subsidiary, Tianeng Green Power, captured 29.22% of Taiwan’s solar energy certificate market last year, maintaining its position as the leading electricity retailer.
CEO Zhao Shumin cited the company’s diversified operations and strategic investments as key factors in its performance. Tianeng Green Power’s general manager Tang Yasheng projected more than 50% annual growth potential in Taiwan’s green energy market, fueled by the arrival of major cloud service providers establishing AI data centers on the island.
J&V Energy has outlined a three-pronged strategy focusing on power generation and storage, circular economy initiatives, and international expansion. The company plans to enter the Philippines, Thailand, Vietnam, Indonesia, and Japan, targeting 5GW of installed renewable energy capacity by 2028.
