Green Energy Pioneer Aims to Become Asia-Pacific's Circular Economy Leader
On June 19, J&V Energy Co., Ltd. (6869), a leader in integrated sustainable development and circular economy solutions in Taiwan, made a historic leap from the Taiwan Innovation Board (TIB) to the Taiwan Stock Exchange (TWSE)—a first in the nation’s history. Shu-Min Chao, President of J&V Energy, highlighted that the company’s swift migration from TPEx, TIB, and now to the TWSE is a testament to the Taiwan Stock Exchange's endorsement of its operational achievements and governance. The migration also signifies strong confidence and support from the capital markets. J&V Energy remains committed to its strategic partnerships and investment plans, aiming to robustly pursue its vision for a sustainable future.
Robust Growth in Core Business and Dominance in Green Energy Certificates
Founded in 2016, J&V Energy initially focused on solar photovoltaic ventures, progressively branching into wind energy, energy storage, green power trading, biomass, and water treatment technologies. The company is now expanding into circular economy endeavors, smart aquaculture, and electric bicycles, with a triple focus on green energy, environmental preservation, and the circular economy, ensuring a stable, long-term revenue stream.
With a registered capital of NT$1.307 billion, J&V Energy has seen consistent revenue growth since its inception. In 2023, the company's total annual consolidated revenue reached NT$6.784 billion, a YoY increase of 7.66%. The consolidated net profit was NT$1.016 billion, marking a staggering annual growth rate of 116%, both revenue and net profit reaching record highs, with earnings per share (EPS) hitting a new high of NT$8.77.
The latest announcement for May 2024 revenue is NT$257 million, a 59.43% increase compared to the same period last year. The cumulative revenue from January to May 2024 is NT$1.471 billion, an increase of 4.33% compared to the same period last year. J&V Energy's commitment to sustainable growth is evident through substantial revenue increases driven by its energy storage projects and sewage treatment contracts. Additionally, the company's expansion in green electricity trading has significantly boosted electricity sales, establishing it as a key component of J&V Energy’s enduring financial success.
Recent data from the National Renewable Energy Certificate Center (T-REC) highlights J&V Energy’s subsidiary, GREENET CO., LTD., as a market leader. In May, the company sold 11,000 solar photovoltaic certificates, capturing a 39.4% market share. The first five months of the year saw sales exceeding 51,000 certificates, securing a dominant position in Taiwan’s electricity market. Prestigious clients like ASE Technology Holding, Micron Technology, GOGORO, and E.SUN Bank underscore the company's influential market presence. J&V Energy is on track to contract 15 billion kWh of green electricity by year’s end, promising continued robust revenue growth momentum.
Embracing Diverse Energy Sources to Become the Asia-Pacific Circular Economy Leader
J&V Energy is not only a leader in solar photovoltaic projects across Taiwan but also in fishery and electricity symbiosis. The company is diversifying into offshore wind power, energy storage, green electricity trading, water treatment, and biomass energy. Additionally, it is expanding into circular economy, sustainable environmental protection, and low-carbon fields.
J&V Energy Vice President Kai Tan noted that to achieve sustainable management goals, J&V Energy has undergone two key transformations since its founding. The first was diversifying from solar photovoltaics to multiple renewable energies, and the second was moving towards net-zero carbon emissions. By employing various strategies such as mergers, investments, and joint ventures, the company continuously acquires new technologies and explores diverse fields to align with international sustainability trends and strive towards net-zero carbon emissions.
Beyond domestic operations, J&V Energy is also extending its reach into the Asia-Pacific region. Tan highlighted the joint investment with partner ID WATER Co., Ltd. in the shrimp farming and electricity symbiosis sector, which not only boosts the aquaculture industry in Southeast Asia but also enables the sale of green electricity to local factories, achieving dual benefits. Additionally, a joint venture with SolarNRG, the largest company in the commercial and industrial photovoltaic sector in the Philippines, has led to the establishment of SolarX, an independent power producer (IPP) focused on developing local business with a goal of achieving 500 MW of installed capacity within five years. This perfectly positions J&V Energy as a key player in the overseas energy transition for Taiwanese businesses. Furthermore, J&V Energy has signed an MOU with the Thai-listed energy company Sermsang Power Corporation PLC. to jointly develop overseas renewable energy projects, aiming to create higher investment returns.
Looking ahead, J&V Energy is poised to align with global trends and adapt to evolving government policies, concentrating on the advancement of emerging green energies like hydrogen and biomass. The company is strategically planning to integrate with both upstream and downstream partners, aiming to establish itself as a leader in sustainable development.
Practicing SDGs and Supporting Diverse Sports to Build Solidarity
Aligned with the United Nations’ Sustainable Development Goals (SDGs), J&V Energy actively engages in green energy generation and environmental protection, while also giving back to local communities in Taiwan. The company supports underprivileged areas with green energy, donating solar photovoltaic systems to indigenous communities and churches, caring for local disadvantaged groups, and investing in local talent development.
Moreover, J&V Energy supports diverse sports development. Chief Sustainability Officer and Spokesperson Johnny Chang pointed out, "Sports is an excellent way of engagement." The company executes public welfare programs for children's soccer, supports the Leopards Hearing Impaired Knights Baseball Team, and has even established the Leopards Professional Basketball Team, inviting NBA superstars to join the team in Taiwan for two consecutive years, creating a sensation in the basketball world. This has contributed to the public associating sports with J&V Energy.
In an era of rising global green energy demand, J&V Energy leverages innovative strategies, extensive development expertise, and collaborative partnerships to foster a sustainable and low-carbon future, positioning itself at the forefront of the ESG-focused economic landscape.
