HD Renewable Energy has approved an additional NT$290 million ($9.1 million) investment into its Australian asset management platform ZEBRE, bringing total investment to NT$1.18 billion ($37 million).
The funding will secure rights to four greenfield projects across New South Wales, Victoria, and Queensland, with planned development capacity reaching 795MW, according to a board decision announced today.
ZEBRE, a joint venture between HD Renewable Energy and Australian energy company ZEN Energy, focuses on large-scale solar and energy storage investments in Australia with overall development targets of 1.4GW. Its first project, the Solar River hybrid facility in South Australia combining 256MW of storage with 210MW of solar capacity, is approaching final grid connection approval.
The newly acquired projects along Australia’s east coast will add 695MW of storage capacity and 100MW of solar power. The largest component includes a 105MW battery system (420MWh capacity) in Riverina, New South Wales, with development approval expected in 2025 and construction beginning in 2026.
When operational, the company claims the four projects will provide renewable energy to approximately 232,000 households and businesses across the three states, strengthening HD Renewable’s international expansion and accelerating Australia’s energy transition.
