J&V Energy Technology Co.

What J&V Energy Technology Co. does

J&V Energy Technology Co., Ltd. (TWSE: 6869) is a Taiwan-based integrated renewable energy platform operating across solar photovoltaic generation, offshore wind development, grid-scale battery energy storage, water treatment, green electricity trading, and circular economy investments. The company develops, owns, and operates utility-scale, rooftop, floating, agrivoltaic, and fishery-electricity symbiosis solar assets with total installed capacity exceeding 300 MW in Taiwan, and holds a 26% stake in the 376 MW Formosa 2 offshore wind farm through its Pine Wind Power subsidiary. Its GREENET subsidiary (TPEx: 7842) operates a green electricity retail and renewable energy certificate platform that commanded 39.4% market share in Taiwan's solar PV certificate segment as of May 2024, while Recharge Power (TPEx: 7921) and TPE Energy deploy grid-scale BESS for Taiwan Power Company's AFC ancillary services and for Japanese utilities.

The business model blends long-term contracted cashflows with project-based execution: revenue is generated through percentage-of-completion recognition on engineering and EPC contracts (energy storage, solar, water treatment), ownership of operational generation assets (Formosa 2 stake, ~300 MW solar portfolio pending BlackRock acquisition), recurring green electricity sales and certificate trading via GREENET, and government tender wins via the 70%-owned Weisheng Envirotech water treatment subsidiary (NT$3.6bn Dihua and NT$9.888bn Binjiang contracts). Customers are concentrated among Taiwan's export-led semiconductor, electronics, and ICT supply chains — ASE Technology, Micron, Chunghwa Telecom, GOGORO, E.SUN Bank, KYEC, Green Point Technology (Jabil) — supplemented by government and state-owned enterprise relationships with Taipower, CPC Corporation Taiwan, and Taipei City.

The Group has expanded internationally through joint ventures and strategic alliances: SolarX (with SolarNRG) in the Philippines targeting 500 MW within five years plus a 180 MW General Santos project; a JPY 30 billion, 10-year BESS build-out in Japan with J Holdings (TSE: 2721) targeting a 262 MW pipeline by 2027; and MOUs with Sermsang Power (Thailand), ESPRO NOODOE (Thailand), and an Energy Decarb (Australia) joint venture for Recharge Power. JV Asset Management (JVAM) is targeting US$1 billion AUM by 2026. In 2024 J&V Energy became the first company to migrate from the Taiwan Innovation Board to the TWSE main board, and in 2025–2026 it added a Smart EV Operations Division, established Leapcloud.ai for AI data center power solutions, and secured CPC Corporation Taiwan's first SOFC demonstration project. Consolidated revenue reached NT$6.784 billion (~USD 212M) in 2023 with net profit of NT$1.016 billion (116% YoY growth) and EPS of NT$8.77; 2025 full-year revenue was NT$7.469 billion.

Name

J&V Energy Technology Co.

Legal name

J&V Energy Technology Co., Ltd.

Website

https://global.jv-holding.com

Company type

Public

Founded year

2016

Operating status

Operating

Headcount range

51–100 employees

Short description

J&V Energy Technology Co. is a Taiwan-listed integrated renewable energy platform operating across solar PV, offshore wind, grid-scale energy storage, water treatment, and green electricity trading, serving export-led semiconductor and electronics corporates alongside government utilities in Taiwan and Asia-Pacific.

Ownership category

akta.pro rank

Product category

Renewable Energy Development and Operations

NAICS

Electric Power Generation (22111), Solar Electric Power Generation (221114), Wind Electric Power Generation (221115)

SIC

Cogeneration Services & Small Power Producers (4991)

akta.pro primary industry

Utility-Scale Renewable O&M (Solar, Wind, Hydro, Geothermal) (EUAMAGAA)

akta.pro secondary industries

Operations, Maintenance & Asset Management (O&M, Vegetation, Spares, SCADA) (EUACAGAH), Energy Storage O&M (BESS, PCS, EMS) (EUAEAGAH), Distributed & Commercial Renewable O&M (Rooftop Solar, C&I Wind, Small Hydro) (EUAMAGAB), Remote Operations, Control Room & Digital O&M (Monitoring, Diagnostics) (EUAEAGAM)

Keywords

• Solar energy development
• Offshore wind energy
• Energy storage systems
• Green electricity trading
• Renewable energy services

Headquarters

HQ city

Taipei

HQ country

Taiwan

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Solar Photovoltaic Project Development and Ownership: J&V Energy develops, owns, and operates ground-mounted, rooftop, floating, and fishery-electricity symbiosis solar PV systems across Taiwan. Revenue is recognized through project fees and long-term ownership of generation assets.
2. Green Electricity Trading via GREENET: GREENET subsidiary sells green electricity and renewable energy certificates to corporate customers. Wheeled over 100MW of photovoltaic electricity and accumulated 800 million kWh of green power to corporate customers. GREENET listed on TPEx (7842.TW).
3. Energy Storage Projects (TPE Energy / Recharge Power): Subsidiary TPE Energy Inc. builds and operates grid-scale battery energy storage systems for Taiwan Power Company's AFC ancillary services. Recharge Power subsidiary secures BESS orders in Japan. Revenue from project contracts and long-term storage capacity agreements.
4. Water Treatment Engineering (Weisheng Envirotech): Weisheng Envirotech (70%-owned subsidiary) wins government tenders for sewage treatment plant operation, maintenance, and equipment renewal. Contract value of NT$3.6 billion for Dihua project (9-year term) and NT$9.888 billion for Binjiang project.
5. Offshore Wind Investment: Through Pine Wind Power subsidiary, J&V Energy invests in operational offshore wind farms (Formosa 2, 26% stake) and develops Formosa 4 & 5 and Huan Yang projects. Revenue from long-term contracted cashflows.
6. Circular Economy Investments: Investments in InnoRs Biotechnology (food waste treatment), HOWSMART TECHNOLOGY (organic waste recycling), Nexus Materials (recycled plastics), and InnoRs contributing to revenue through equity returns and operational contributions.

Pricing tiers

Go-to-market motion3 records

Distribution channels6 records

Marketing channels6 records

Core offering

J&V Energy is an integrated renewable energy platform that develops, owns, and operates solar photovoltaic systems (300+ MW), offshore wind farms (376MW operational, 3 GW planned), grid-scale battery energy storage (~300 MW / 600 MWh), water treatment facilities, and green electricity trading services. The company monetizes these assets through engineering and project contracts, electricity sales via its GREENET retail subsidiary, renewable energy certificate trading, power purchase agreements with corporate buyers, and renewable asset management via JVAM.

Product overview

J&V Energy Technology Co., Ltd. (TWSE: 6869) operates as a multi-module integrated renewable energy management group built around a platform-plus-subsidiaries architecture. The core platform spans six service verticals: Solar Energy (ground, rooftop, floating PV systems exceeding 300 MW), Offshore Wind Energy (Formosa 4/5 at 3 GW planned, Huan Yang at up to 440 MW), Energy Storage via TPE Energy (grid-scale BESS including Taiwan's largest 20MW project), Water Treatment via Weisheng Envirotech (wastewater, desalination, NT$9.888bn Binjiang project), an Energy Trading Platform via GREENET (green electricity retail and certificates, TPEX: 7842), and Circular Economy (organic waste, recycled plastics, smart e-bikes). The product portfolio is extended through specialized sub-brands: Recharge Power (energy storage, TWSE listed 7921.TW, Japan BESS expansion), Pine Wind Power (offshore wind farm investment), Leapcloud.ai (AI data center), and SolarX (Philippines solar IPP, joint venture with SolarNRG, 500 MW target). GREENET serves as both the green power retail platform and the channel for corporate clients (ASE, Micron, Gogoro, E.SUN Bank) to procure renewable energy and certificates. All modules are cross-linked through J&V Energy's integrated investment, development, and asset management operations.

Differentiator

Problem solved

Functional benefit

Brands

• GREENET: Green electricity retail subsidiary of J&V Energy, listed on Taipei Exchange (TPEX: 7842)
• Recharge Power
• JVAM (JV Asset Management)
• Nexus
• E-Quick

Products and services

• Solar Energy Services Development, ownership, and operation of ground-mounted, rooftop, and floating solar photovoltaic systems across Taiwan with total device capacity exceeding 300 MW; includes agrivoltaics and fishery-electricity symbiosis installations such as Taiwan's largest 128MW aquavoltaics site.
• Offshore Wind Energy Development Offshore wind farm development and investment via the Taiwan Team and Pine Wind Power subsidiary; includes Formosa 2 (26% stake, 376MW operational), Formosa 4 & 5 (3 GW planned), and Huan Yang (up to 440 MW).
• Grid-Scale Energy Storage Systems (BESS) Grid-scale battery energy storage systems providing Automatic Frequency Control (AFC) ancillary services to Taiwan Power Company; integrated and operated by TPE Energy and Recharge Power subsidiaries with approximately 300 MW and 600 MWh in Taiwan plus Japan pipeline.
• Water Treatment Engineering and Operations Municipal and industrial water treatment services including domestic sewage recycling, industrial wastewater reuse, and seawater desalination, operated through Weisheng Envirotech (70%-owned subsidiary) with major projects including the NT$9.888 billion Taipei Binjiang and NT$3.6 billion Dihua contracts.
• GREENET Green Electricity Trading Platform One-stop green electricity retail and trading services including green power procurement, power wheeling, and renewable energy certificate sales for corporate clients; GREENET held 39.4% market share in Taiwan solar PV certificates in May 2024 and targets 15 billion kWh of contracted green electricity.
• Circular Economy Solutions

Quantifiable outcome

• GREENET sold 51,000+ solar certificates and held 39.4% market share in Taiwan (Jan-May 2024)
• +6 more outcomes

Named customers10 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

25 partnerships are on record, tiered minor and core.

• Energy Decarb (Australia)minorStrategic or Co-development Partner · 1 June 2026J&V Energy's energy storage subsidiary Recharge Power signed a cooperation agreement with Australian energy developer Energy Decarb. The two parties will jointly develop Australia's renewable energy market through a joint venture.
• J Holdings Co., Ltd. (TSE:2721)coreStrategic or Co-development Partner · 12 February 2026J Holdings (TSE:2721), a Tokyo Stock Exchange listed company, entered into a capital and business alliance with Recharge Power Co., Ltd. (subsidiary of J&V Energy). The partnership plans to develop grid-scale battery energy storage facilities and aggregation services in Japan over 10 years with total investment of approximately JPY 30 billion. J Holdings handles domestic operations (land acquisition, regulatory compliance) while Recharge Power contributes technical and operational expertise from ~300 MW and 600 MWh of battery storage in Taiwan.
• GREEN ENERGY (Japan)coreChannel Partner/ Reseller/ Distributor · 1 December 2025Recharge Power formed strategic partnership with Japan's GREEN ENERGY to expand into the Japanese energy storage market. By 2027, partners plan to jointly develop, own, and commercialize 20 high-voltage BESS projects (2 MW / 8 MWh each) and co-develop two extra-high-voltage BESS projects in Japan.
• REENS (Japan)coreStrategic or Co-development Partner · 1 December 2025REENS is Recharge Power's Japanese subsidiary involved in the execution of the 20 MW / 80 MWh BESS order and the broader Japanese energy storage market expansion. Partnered with local partner GREEN ENERGY.
• Green Point Technology (Jabil Group)coreChannel Partner/ Reseller/ Distributor · 1 May 2025GREENET signed Green Power Purchase and Sale Agreement with Taiwan Green Point Enterprises Co., Ltd. (subsidiary of global electronics manufacturer Jabil Group) to help Green Point expand its green manufacturing processes and strengthen its global supply chain.
• National Yang Ming Chiao Tung UniversityminorStrategic or Co-development Partner · 1 April 2025J&V Energy launched an innovative 'Green Power Integrated Into Products' model with GREENET and NYCU, introducing green electricity applications into the university campus — the first initiative of its kind in Taiwan, opening a new chapter for industry-academia collaboration in sustainable development.
• JERAcoreStrategic or Co-development Partner · 24 January 2025JERA is a co-developer (with Macquarie and Synera) of Formosa 2 Offshore Wind Farm, one of Taiwan's first large-scale offshore wind farms. J&V Energy (via Pine Wind) joined JERA and Synera in delivering operational success for the Formosa 2 asset.
• Synera Renewable EnergycoreStrategic or Co-development Partner · 24 January 2025Synera Renewable Energy co-developed Formosa 2 Offshore Wind Farm alongside JERA and Macquarie. J&V Energy joined the ownership structure following its acquisition of Macquarie's 26% stake.
• Chunghwa TelecomcoreChannel Partner/ Reseller/ Distributor · 1 December 2024GREENET subsidiary and Chunghwa Telecom launched a 20-year green power transfer agreement (2027–2047) totaling 4.6 billion kWh — Chunghwa Telecom's largest green power partnership. Sets a benchmark for net-zero transformation in Taiwan's ICT industry.
• ESPRO NOODOE CO., LTD (Thailand)minorStrategic or Co-development Partner · 1 December 2024Signed MOU with Thailand-listed ESPRO NOODOE CO., LTD to jointly establish a holding company focusing on developing and operating green energy projects in Thailand.
• Local Philippines Developer (for General Santos project)coreStrategic or Co-development Partner · 21 November 2024JNV Philippines Renewable Corporation engaged a local partner to complete development of the 180MW ground-mounted solar project in General Santos. The local partner assists with land consolidation (170+ hectares completed) and regulatory compliance with the Philippines DOE. Project expected to participate in Philippines Government GEAP program.
• ESG Energy Management Alliance (Vietnam)minorStrategic or Co-development Partner · 1 August 2024J&V Energy partnered with Taiwanese tech giants and IoT startups to form the ESG Energy Management Alliance, aiming to enhance sustainability of Taiwanese businesses in Vietnam.
• KYEC (Kunpo)coreChannel Partner/ Reseller/ Distributor · 1 August 2024GREENET signed a green power purchase agreement to supply KYEC with over 1.3 billion kWh, helping enterprises achieve net-zero emissions by 2050.
• GSSG Solar (US)coreStrategic or Co-development Partner · 1 July 2024J&V Energy acquired the 60MW Chiayi agrivoltaics project from U.S.-based GSSG Solar and jointly completed the project (expected finish Q1 2026).
• SolarNRG PhilippinescoreStrategic or Co-development Partner · 17 June 2024SolarNRG Philippines, the largest C&I solar company in the Philippines (established 2014, ~200MW installed), partnered with J&V Energy to form SolarX joint venture. SolarNRG provides local market expertise, EPC capabilities, and customer network. SolarX targets 500 MW within 5 years in C&I and utility solar markets. SolarNRG has partnerships with TotalEnergies, Skye Renewables, Maiora Renewables, and AboitizPower.
• Taiwan Carbon Asset Co., Ltd.coreStrategic or Co-development Partner · 1 May 2024GREENET signed an agreement with Taiwan Carbon Asset to acquire 100% equity in Taiwan Carbon Asset Electric Co., Ltd., completing Taiwan's first 100% equity transaction in the electricity retailing sector. Partnership expands future opportunities in green power trading and carbon management.
• ASE Technology HoldingcoreChannel Partner/ Reseller/ Distributor · 1 May 2024GREENET subsidiary signed an intent agreement with ASE Holdings for 20+ year cooperation to supply over 4 billion kWh of green power, supporting ASE's global procurement of renewable energy.
• Taipei City GovernmentcoreStrategic or Co-development Partner · 1 April 2024Weisheng Envirotech won the NT$9.888 billion Taipei Binjiang Water Resource Recycling Center project for engineering and operations. Scheduled for completion in 2030, it will be Taiwan's largest tertiary wastewater treatment facility, increasing Taipei City's tertiary wastewater treatment rate to 50%.
• Sermsang Power Corporation PLC (SSP)coreStrategic or Co-development Partner · 26 February 2024J&V Energy signed MOU with SSP, a Thailand-listed energy company (market value TWD 10 billion, ISIN: TH8206010002). J&V Energy subsidiary Revo Power co-develops SSP's 38MW onshore wind power project in southern Taiwan. SSP is actively investing in renewable energy across Thailand, Japan, Vietnam, Indonesia, and Mongolia with 7 large-scale solar plants and rooftop installations.
• JULIEN'S GROUPminorStrategic or Co-development Partner · 1 January 2024Collaboration with JULIEN'S GROUP to build Taipei's largest rooftop solar power project — Taiwan's first green energy digital eco-theme park.
• Taipei City Government (Dihua Sewage Treatment Plant)coreChannel Partner/ Reseller/ Distributor · 17 May 2023Weisheng Envirotech (70%-owned subsidiary) was selected as the most-favorable bid for the Dihua Sewage Treatment Plant Phase VII O&M and Equipment Renewal Project, with total contract value of NT$3.6 billion and maximum performance period of 9 years.
• Tien Li Offshore Wind TechnologycoreStrategic or Co-development Partner · 1 July 2021J&V Energy invested in Tien Li Offshore Wind Technology in 2020. Tien Li became a key player in the Offshore Wind Power Taiwan Team in 2021. Tien Li is Taiwan's sole manufacturer of MW-grade wind turbine blades, certified by Vestas — making it Asia's only (excluding China) supplier of offshore wind turbine blades.
• Swancor Renewable EnergycoreStrategic or Co-development Partner · 1 July 2021Swancor Renewable Energy is a founding member of the Offshore Wind Power Taiwan Team (with J&V Energy, Tien Li, and Yeongguan Group). Joint investment in local development, supply chain, technology, implementation, management, and operations to advance Taiwan's offshore wind industry.
• Yeongguan GroupcoreStrategic or Co-development Partner · 1 July 2021Yeongguan Group is a member of the Offshore Wind Power Taiwan Team, contributing to joint development of offshore wind farms including Formosa 4, Formosa 5, and Huan Yang.
• FamilyMartminorChannel Partner/ Reseller/ Distributor · 1 January 2021Small-form energy storage equipment was installed in FamilyMart's Hsinchu Neihu Store with a smart energy storage control system featuring two-way power regulation and active multi-level safety protection.

Scale indicators23 records

Recent moves14 records

Expansion highlights5 records

Direct peers

• Energy Absolute Public Company Limited: Thailand-listed renewable energy platform with solar, wind, biomass, and battery storage businesses across Asia. Comparable as a Southeast-Asian multi-vertical renewable IPP/developer with similar customer-base and growth profile.
• ACEN Corporation: Ayala group's listed renewable energy platform operating across the Philippines and broader APAC, with utility-scale solar, wind, and storage. Comparable as a Philippine-headquartered Asia-Pacific renewable IPP pursuing aggressive multi-vertical growth.
• Sermsang Power Corporation: Thailand-listed renewable energy company and J&V's MOU partner (co-developing a 38MW onshore wind project in southern Taiwan via Revo Power, plus Thailand market entry). Comparable as an Asian-Pacific multi-technology IPP/developer with similar cross-border expansion.
• SolarNRG Philippines: The Philippines' largest C&I solar EPC; co-development partner with J&V Energy in the SolarX joint venture that targets 500MW within 5 years. Directly comparable as a C&I and utility-scale solar developer in the same geography.
• Synera Renewable Energy: Co-developer (with JERA and Macquarie) of the Formosa 2 offshore wind farm alongside J&V Energy's Pine Wind Power. Comparable as a Taiwan-based offshore-wind developer/investor with overlapping wind-asset exposure.

Broad incumbents

• Ørsted A/S: Global offshore-wind leader and broader renewable IPP. Overlaps with J&V's offshore-wind and BESS businesses but at vastly greater scale and geographic reach; included as a benchmark incumbent for offshore-wind strategy and platform model.
• Voltalia SA: France-listed multi-technology renewable IPP (solar, wind, biomass, storage, hydro) with operations across Europe, Latin America, and Africa. Comparable as a fully integrated renewable platform developer-operating model.
• Sembcorp Industries: Singapore-listed energy and urban solutions company with material renewables (solar, wind, storage) and water-treatment businesses across Asia. Comparable to J&V's combination of renewable IPP and water infrastructure exposure across Asian markets.

Others

• TECO Electric & Machinery Co., Ltd. Taiwan-listed industrial conglomerate with motor/generator manufacturing and wind-turbine (TECO Asia Pacific) business. Adjacent rather than directly comparable — provides equipment-side context for J&V's renewable platform and offshore-wind supply-chain ecosystem.

Regional players

• Shinfox Energy: Taiwan-based solar developer/integrator focused on ground-mount and rooftop PV plus storage across Taiwan. Comparable to J&V as a Taiwan-domestic renewable developer, though narrower in scope (no offshore wind or water).

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/jv.energy6869

Revenue estimate

Valuation estimate

Number of profiles

Profiles21 records

Subsidiaries13 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 J&V Energy Technology Co.