TAIPEI, June 26, 2025 /PRNewswire/ -- Star Trade, a subsidiary of HD Renewable Energy (HDRE, TWSE: 6873) and a leading provider of renewable energy retailing and storage integration services, today announced the signing of a power purchase agreement (PPA) with Lightsource bp, a leading developer and manager of global onshore renewable energy projects. The agreement secures 100% of the contracted output from Lightsource bp's 115MWp fishery solar project located in Chiayi, Taiwan.

As the first major renewable transaction for Star Trade since its strategic merger with Star Energy Storage Solutions, the partnership reflects a shared commitment to providing value-added renewable energy solutions while advancing the energy transition in Taiwan.

Bin Fu, Head of Taiwan at Lightsource bp, said, "Project Budai marks a significant milestone in our development in Taiwan and showcases Lightsource bp's expertise in aligning global strategy with local progress. We are pleased to sign this PPA with Star Trade to help Taiwan's businesses achieve their carbon reduction goals. Lightsource bp remains committed to cultivating long-term local partnerships and delivering sustainable energy solutions for Taiwan."

The fishery solar farm officially broke ground in June 2025. Once operational, the project will generate up to 180,000 megawatt-hours of renewable energy a year. Under the PPA, Star Trade will manage the full offtake and sales of the solar project's energy output.

As the third-largest electricity retailer in Taiwan, Star Trade supplies renewable energy to major industrial and commercial customers across the semiconductor, financial, and manufacturing sectors. By the end of 2025, the company expects its total externally procured green electricity to exceed 650MW.

Jason Chou, Chairman of Star Trade and General Manager of HD Renewable Energy, said, "HDRE Group have long focused on advancing renewable energy solutions. We are excited to collaborate with Lightsource bp, a partner with strong global vision, and look forward to driving a greener, more globally connected future with Taiwan's industries. With Star Trade's recent transformation, we are bringing in top talents and new technologies to deliver more flexible and high-value solutions across power trading and energy aggregation."

Star Trade is actively advancing a new business model centered around power trading and energy aggregation. This integrated approach, unprecedented in Taiwan's energy market, will support more dynamic and responsive energy solutions. The merger also advances HDRE Group's long-term strategy to deepen its presence in international renewable energy markets.