J&V Energy (6869.TW), a pioneer in the Taiwanese sustainability and circular economy sectors, marks a new milestone in its international expansion and partnership strategy. On Feb 26, 2024, J&V Energy announced the signing of a Memorandum of Understanding (MOU) with Sermsang Power Corporation PLC (“SSP”), a leading energy company listed on the Stock Exchange of Thailand. The MOU signifies the initiation of a strategic partnership between the two companies to jointly explore overseas investment opportunities in renewable energy.
J&V Energy and SSP have concluded this collaboration, with J&V Energy's subsidiary, Revo Power, a specialist onshore wind developer and operator, partnering with SSP to co-develop its 38MW onshore wind power project located in the south of Taiwan.
Chao, Shu-Min, President of J&V Energy, pointed out that as the demand for green electricity and achieving net-zero carbon emissions in the international supply chain continues to rise, J&V Energy is accelerating its efforts not only in expanding its presence in the domestic circular economy but also prioritizing development projects in overseas markets.
This international collaboration with SSP concludes the first successful transaction through the sale of a wind power project in Taiwan. Moving forward, the two companies aim to combine efforts to expand the portfolio of overseas renewable energy investments through mutual cooperation and resource integration, with the goal of elevating Taiwan's presence in the global green energy space and realizing the benefits of economic and trade diplomacy.
SSP CEO Mr. Varut Tummavaranukub noted that SSP has been actively investing in domestic and international renewable energy projects, with Taiwan being a key investment destination. Recognizing this unique opportunity's significance, he led a company delegation to Taiwan to formalize an MOU with J&V Energy and commence investment in an onshore wind power project. This move is viewed as pivotal for the company to broaden its investment portfolio and play a role in advancing the global renewable energy sector through future collaborative endeavors.
Sermsang Power Corporation PLC. (ISIN Code: TH8206010002) was established in 2015 and listed on the stock exchange in Thailand in 2017. With a current market value of TWD 10 billion, SSP's investment portfolio comparises various renewable energy projects, including solar energy, wind energy, and biomass power plant. In recent years, SSP has been actively engaged in advancing, investing, and expanding renewable energy initiatives throughout Asia. Its investment footprint spans several Asian countries, including Thailand, Japan, Vietnam, Indoneisa and Mongolia. Within these regions, SSP currently oversees the operation of seven large-scale solar power plants along with numerous rooftop solar installations.
J&V Energy has steadily diversified its operations across six key sectors: solar photovoltaic, wind power generation, energy storage, energy trading & retailing, water treatment, and biomass. Additionally, the company has broadened its scope to encompass initiatives like 100% recycled plastic bags, biodegradable food waste solutions, electric bicycles, and smart aquaculture projects, all in line with its circular economy vision. Looking ahead, the company plans to establish partnerships with more international entities, increase its investments in foreign markets, and work towards achieving its vision of a globally sustainable and low-carbon future.
▲ On Feb 26, 2024, J&V Energy announced the signing of a Memorandum of Understanding (MOU) with Sermsang Power Corporation PLC (“SSP”), a leading energy company listed on the Stock Exchange of Thailand.
▲ The MOU signifies the initiation of a strategic partnership between J&V Energy and SSP to jointly explore overseas investment opportunities in renewable energy.