Chenya Energy

What Chenya Energy does

Chenya Energy Co., Ltd. (辰亞能源股份有限公司) is a Taiwan-based renewable energy developer and green electricity supplier, founded in 2014 and operating as a wholly-owned subsidiary of Japan's Marubeni Corporation since 2020. The company develops, finances, constructs, and operates solar power plants across three modalities — ground-mounted, rooftop, and floating (水面型) — with a particular specialization in floating solar technology for reservoirs and offshore/marine environments. Its flagship assets include Taiwan's first large-scale reservoir floating solar plant at Agongdian (10 MWp) and the world's largest offshore floating solar complex at Changhua Zhangbin Lunwei East (248 MWp across three phases), bringing cumulative installed capacity to 332 MW and annual generation to approximately 440 million kWh.

The company's revenue model rests on three streams: (1) power generation and sales from owned solar plants delivered to the Taiwan Power Company grid under feed-in tariff arrangements and directly to corporate customers, (2) long-term Corporate Power Purchase Agreements (CPPA) supplying traceable green electricity to enterprises — primarily semiconductor manufacturers and RE100-committed companies such as Far Eastern Group and Winbond Electronics — to support ESG and RE100 compliance, and (3) EPC and O&M services covering system design, construction, grid connection, and predictive maintenance. Chenya holds approximately 27% market share in Taiwan's green electricity direct supply market, supported by NT$4.5 billion in paid-in capital, NT$4 billion in syndicated project financing from CTBC, Mega Bank, and Bank Sinopac, and roughly NT$10 billion in cumulative investment since inception. Its go-to-market is enterprise field sales targeting large corporate CPPA counterparties, with presence at industry events such as SEMICON Taiwan and active expansion into battery energy storage and smart grid services as of 2025.

Name

Chenya Energy

Legal name

辰亞能源股份有限公司 (Chenya Energy Co., Ltd.)

Website

https://chenya-energy.com

Company type

Private

Founded year

2014

Operating status

Operating

Headcount range

11–50 employees

Short description

Chenya Energy is a Taiwan-based solar developer and wholly-owned Marubeni subsidiary that builds, owns, and operates ground, rooftop, and floating solar plants, supplying green electricity through CPPA contracts to semiconductor manufacturers and RE100-committed enterprises, with 332 MW installed capacity.

Ownership category

akta.pro rank

Product category

Solar Power Generation

NAICS

Solar Electric Power Generation (221114)

SIC

Electric Services (4911)

akta.pro primary industry

Solar EPC & Construction (Utility-Scale, Rooftop, Balance of System) (EUAMABAB)

akta.pro secondary industries

Solar PV Power Plant EPC (Utility-Scale) (EUAEAAAG), Operations, Maintenance & Asset Management (O&M, Vegetation, Spares, SCADA) (EUACAGAH), Construction Management & General Contracting (EPCM, Scheduling, QA/QC, HSE) (EUAMAFAJ)

Keywords

• Floating solar power
• Solar EPC services
• Green electricity trading
• Corporate power purchase
• Renewable energy development

Headquarters

HQ city

Zhubei City

HQ country

Taiwan

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Operations, Technology or R&D, Supply Chain, Personnel

Revenue model

1. Solar Power Generation and Sales: Revenue from operating owned solar power plants, generating electricity sold to the grid or directly to corporate customers through CPPA contracts
2. Green Electricity Trading / CPPA: Long-term corporate power purchase agreements (CPPA) providing stable, traceable green electricity to enterprises for RE100 and ESG compliance
3. EPC and O&M Services: Engineering, procurement, construction and operations management services for solar power plant development

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

Chenya Energy develops, owns, and operates utility-scale solar power plants in Taiwan, specializing in floating (water-based), ground-mounted, and rooftop installations. The company provides engineering, procurement, construction (EPC) and operations & maintenance (O&M) services, and sells green electricity to large enterprises through long-term Corporate Power Purchase Agreements (CPPA), enabling customers to meet RE100 and ESG targets.

Product overview

Chenya Energy operates as a comprehensive solar energy solutions provider with three core service lines: (1) Solar Power Plant Development covering ground-type, rooftop, and floating/water-based installations; (2) EPC and O&M Services for system design, construction, and operations management; and (3) Green Power Trading with Corporate Power Purchase Agreements (CPPA). The company has developed multiple flagship projects including the Agongdian Reservoir floating solar plant (10MWp), the Zhangbin Lunwei East series of offshore solar plants (totaling 248MWp across three phases), and continues to expand into energy storage systems. The portfolio spans 332MW of cumulative installed capacity generating approximately 440 million kWh annually, with a 27% market share in Taiwan's green power direct supply market.

Differentiator

Problem solved

Functional benefit

Products and services

• Solar Power Plant Development (Ground/Rooftop/Floating) Full-cycle development of utility-scale solar power plants (ground-mounted, rooftop, and floating/water-based), covering land evaluation, regulatory analysis, environmental assessment, project financing, engineering supervision, and commercial operation planning.
• EPC and O&M Services

Quantifiable outcome

• 27% green electricity market share in Taiwan (2024)
• +3 more outcomes

Named customers3 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Scale indicators11 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• Ciel & Terre International: French originator of large-scale floating photovoltaic (FPV) systems and a global leader in FPV deployment. Directly comparable to Chenya's floating-solar technology specialization, though operating internationally rather than in Taiwan.
• HD Renewable Energy (泓德能源): Taiwan solar and energy-storage IPP with rooftop, ground-mount, and floating-solar projects plus CPPA offerings. Directly comparable to Chenya on customer base (Taiwan RE100 corporates), business model (solar generation + green power trading), and listed-equity market presence.
• Shinfox Energy (旭隼能源): Taiwan-based solar power plant developer and operator with utility-scale ground and floating projects. Directly comparable in business scope (solar IPP, EPC services) and Taiwan market focus.
• Yunbao Energy (雲豹能源): Taiwan-based solar IPP and floating-solar developer with significant utility-scale project pipeline. Comparable to Chenya as a domestic competitor in floating/ground-mount solar generation and CPPA-driven green power supply to Taiwan corporates.
• TCC Green Energy (台泥綠能): Subsidiary of Taiwan Cement Corporation developing utility-scale solar, offshore wind, and energy storage. Comparable as a Taiwan renewable IPP pursuing the same corporate green-power customer base and competing for project-finance syndicate relationships.

Others

• Sungrow Power Supply: Global leader in solar inverters and energy-storage systems, supplying equipment into projects like Chenya's. Adjacent ecosystem participant — comparable as an enabler/supplier rather than a competitor in Taiwan IPP space.

Emerging players

• Ocean Sun: Norway-based floating solar technology company focused on hydro-PV hybrid applications. Comparable in floating-solar technology domain but at an earlier commercial scale than Chenya.

Broad incumbents

• TSEC Corporation (同昱能源): Taiwan-listed solar cell and module manufacturer with downstream solar power plant operations. Comparable in Taiwan solar market participation but primarily a manufacturer with adjacent IPP exposure rather than a pure-play developer like Chenya.
• Marubeni Corporation (丸紅): Parent company and major Japanese trading house with global renewable-energy IPP portfolio. Chenya is effectively its Taiwan solar platform; comparable as a strategic/financial counterparty rather than direct competitor.
• Motech Industries (茂迪): Taiwan-headquartered solar cell and module manufacturer with downstream project involvement. Comparable as a Taiwan solar ecosystem participant, but Chenya sits downstream as developer/operator while Motech is upstream in cell/module manufacturing.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/chenya-energy

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Chenya Energy