NEFIN forms partnership to target Taiwan's solar market

• Asian green independent power producer (IPP) NEFIN stated today its subsidiary NEFIN Capital Taiwan Company Ltd has actually teamed up with City Development Company Ltd to enter Taiwan's solar market.

As part of the partnership, City Development will certainly examine, develop and acquire solar power plants for NEFIN.

NEFIN is backed by ACEN Corp (PSE: ACEN), the provided energy platform of Philippine conglomerate Ayala Corp. The company states it runs greater than 3,800 MW of utility-scale, commercial and industrial renewable resource systems globally.

City Development is concentrated on the development of the Pingtung Solar Power Zone. According to the announcement, it has over the years consolidated nearly 400 hectares (988 acres) of lands in Pingtung as well as Kaohsiung, southern Taiwan for energy companies and also has actually promoted the installation of 60 ground-mounted and "water-based" solar power plants.

The partnership offers combining NEFIN and also City Development's knowledge in areas such as site analysis, innovation integration, style, design and financing, speeding up green power supply in Taiwan and sustaining Taiwanese government's renewable resource policy.