J&V Energy Technology
Taiwanese solar system integrator J&V Energy Technology plans to acquire a 26% stake in Hai Long Offshore Wind for NT$8.65 billion ($272 million) from Macquarie Group, marking a significant local entry into Taiwan’s foreign-dominated offshore wind sector.
The deal involves purchasing both equity and debt claims through a newly established subsidiary, Taiwan Fuyi Energy. The transaction remains subject to certain conditions before closing, according to a company statement.
Hai Long operates Taiwan’s first completed offshore wind demonstration project, with 47 turbines providing a total capacity of 376 megawatts. The facility, which became fully operational in March 2023, can power approximately 380,000 households annually.
The ownership structure has seen multiple changes during construction. Currently, Japanese firm JERA holds 49%, Macquarie owns 26%, and Fenil Energy controls 25%. Once completed, the deal will make J&V Energy the second-largest shareholder.
Industry observers note that Taiwan’s offshore wind market has been largely controlled by European companies. J&V Energy’s entry could boost local participation in the sector, though the company faces challenges as it shifts from its core solar business into wind power operations.
