HD Renewable Energy Co., Ltd. Secures 160MW in Japan's LTDA for Third Consecutive Year: A Success Story in Smart Energy Expansion
HD Renewable Energy Co., Ltd. (HDRE), an international smart energy company, has successfully secured 160MW of lithium-ion battery storage capacity in Japan's Long-Term Decarbonization Power Source Auction (LTDA) for the third consecutive year. Since entering Japan's capacity market in 2023, HDRE has increased its cumulative awarded capacity under the LTDA to around 560MW, with the latest auction results showing the company's continued success in the market.
In the latest LTDA results, HDRE's awarded capacity accounted for nearly 30% of the total awarded capacity for lithium-ion battery storage, totaling 552MW. The company first secured 100MW in 2024 and expanded its awarded capacity to 300MW in 2025. The two newly awarded battery storage projects are located in Kagoshima and Miyagi prefectures, aiming to combine capacity market revenues with power market operations for a sustainable revenue structure.
With a global pipeline target of 9.4GW by 2029, including projects in Taiwan, Japan, and Australia, HDRE is focused on three growth strategies: long-term contracts, power services, and integration with AI computing-related supply chains to drive long-term earnings growth. Japan has emerged as a key market for HDRE, with a target of 3.4GW of project pipeline in the country by 2029, emphasizing battery storage projects and strengthening capabilities in power finance and market trading.
In Australia, HDRE's battery storage and solar projects are progressing towards construction and operation, with a pipeline of 2.7GW by 2029. The company will leverage government schemes like the Capacity Investment Scheme (CIS) and the Firm Energy Reliability Mechanism (FERM) to pursue capacity revenue opportunities. In Taiwan, HDRE has a 3.3GW pipeline and plans to expand its asset base while drawing on experience from Japan and Australia to develop global energy assets and power service businesses.
In conclusion, HD Renewable Energy Co., Ltd. continues to demonstrate its success in Japan's capacity market, securing significant lithium-ion battery storage capacity and expanding its presence in key markets like Australia and Taiwan. With a strong focus on sustainable growth strategies and long-term revenue structures, HDRE is poised for further expansion and success in the global smart energy sector.