J&V Energy Technology Co., Ltd. has announced the acquisition of a 187 MW operational solar portfolio in Taiwan from a fund managed by Global Infrastructure Partners, part of BlackRock. The transaction is expected to be completed in the third quarter of 2026, subject to regulatory approvals and customary closing conditions. However, the financial details of the deal have not been disclosed.

The acquired portfolio includes 42 operational solar power plants located across Central and Southern Taiwan. Together, these projects have a total installed capacity of 187 MW and are expected to generate nearly 270 million kWh of clean electricity annually. This amount of electricity is considered sufficient to supply power to approximately 80,000 households in Taiwan. The solar assets are also expected to continue operating for more than 15 years.

According to the company, the acquisition will strengthen J&V Energy’s renewable energy platform and expand its position as one of Taiwan’s major independent power producers. The additional solar generation capacity will also support GREENET, the company’s green electricity retail subsidiary, by increasing the supply of renewable electricity available for corporate customers in Taiwan.

Jerome Tan, Group Chief Investment Officer of J&V Energy, stated that the acquisition aligns with the company’s strategy of building a stable and income-generating renewable energy portfolio supported by long-term contracted cash flows. He added that the portfolio will provide predictable revenue and create opportunities for additional value through the company’s operational, asset management, and electricity offtake capabilities. Tan also highlighted the company’s long-standing partnership with BlackRock, noting that both companies have previously collaborated on multiple solar projects in Taiwan since 2018.

Kai Tan, Deputy CEO of J&V Energy, said that many Taiwanese companies, especially those linked to semiconductor, electronics, and ICT supply chains, are under increasing pressure to secure reliable green electricity supplies. He explained that the addition of 187 MW of operational solar capacity will strengthen GREENET’s ability to provide stable long-term renewable energy solutions and support customers in achieving their net-zero targets.

Following the completion of the transaction, the solar assets will be integrated into J&V Energy’s existing operating, asset management, and electricity retail businesses in Taiwan.