Agreement signals advancement toward final development, financing, and execution phase for flagship hybrid solar initiative

NEW YORK CITY, NY / ACCESS Newswire / April 20, 2026 / Renewable Ergon LLC today announced the formalization of a strategic partnership with Ruen Fong Development Co., Ltd., a Taiwan-based infrastructure and energy group, marking a significant step forward in the development of its flagship 150MW hybrid solar project in Budai, Chiayi County.

The agreement, executed this week between Robert Leeds, Chairman of Renewable Ergon, and Daniel Hsu (Hsu Chien-Wei), Chief Financial Officer of Ruen Fong Development, represents a key milestone as the project transitions from advanced development into its final structuring, financing, and pre-construction planning stages.

Located in Budai Township, the project is designed as a hybrid fishery-solar installation, an increasingly important model in Taiwan's renewable energy strategy. By integrating solar generation with aquaculture operations, the development reflects Taiwan's broader policy focus on maximizing land-use efficiency while accelerating the deployment of sustainable energy infrastructure. The project is expected to contribute meaningfully to regional power supply while also supporting local economic activity through sustainable fishery practices.

"This partnership reflects a disciplined alignment between international capital and local execution expertise," said Robert Leeds, Chairman of Renewable Ergon. "Ruen Fong brings deep regional experience and an understanding of Taiwan's regulatory and operating environment. Together, we are advancing a project that is not only technically robust but also commercially viable and aligned with long-term market fundamentals."

Under the terms of the agreement, both parties will collaborate closely on project-level structuring, funding coordination, and construction readiness. The partnership establishes a clear framework for capital deployment and risk management, ensuring that the project is positioned to meet upcoming financing milestones and regulatory requirements. It also supports coordination with local stakeholders, supply chain partners, and infrastructure providers as the project progresses toward execution.

Daniel Hsu, Chief Financial Officer of Ruen Fong Development, emphasized the importance of combining global development capabilities with local expertise in a market that continues to evolve rapidly.

"This collaboration represents a pragmatic and forward-looking approach to energy infrastructure development in Taiwan," Hsu said. "By integrating international project development experience with local market execution, we are creating a foundation for stable, scalable growth. The project reflects both the opportunities and the discipline required to deliver long-term value in the renewable energy sector."

Taiwan remains one of Asia's most dynamic renewable energy markets, supported by clear policy direction, long-term capacity targets, and established power purchase mechanisms. Government initiatives promoting renewable adoption, particularly in solar and offshore wind, have attracted sustained interest from international developers and institutional investors seeking stable, infrastructure-backed returns.

The Budai project is expected to play a role in advancing Taiwan's energy transition goals while demonstrating the viability of hybrid infrastructure models that balance environmental, economic, and energy considerations. By combining solar energy generation with aquaculture, the project aligns with global trends toward multi-use land development and sustainable resource management.

Renewable Ergon indicated that the partnership with Ruen Fong strengthens its broader strategic position in Asia, where it continues to evaluate and develop renewable energy opportunities across key markets. The company noted that its approach emphasizes disciplined project selection, structured capital deployment, and partnerships with experienced local operators.

As the project advances, key next steps will include final permitting, detailed engineering, infrastructure coordination, and phased construction planning. The companies are targeting a commercial operation timeline in 2026, subject to regulatory approvals and financing completion.

While specific financial terms of the agreement were not disclosed, both parties emphasized a long-term, structured approach to development, reflecting a shared commitment to responsible investment and execution discipline.

The agreement positions Renewable Ergon and Ruen Fong Development to move one of Taiwan's notable hybrid energy projects closer to realization, highlighting the growing alignment between global capital and regional infrastructure expertise in the transition toward sustainable energy systems.

About Renewable Ergon LLC:

Renewable Ergon LLC is an international energy development company focused on originating, structuring, and advancing utility-scale renewable infrastructure projects across key global markets.

About Ruen Fong Development Co., Ltd:

Ruen Fong Development Co., Ltd. is a Taiwan-based infrastructure and energy company with expertise in project development, execution, and integration within regional markets.

Media Contact:
Contact Person: Lee Chun Wei
Title: Business development manager
Email: info@reunfong.com
reunfong.com

Renewable Ergon
Liang Wei Chen
CTO
info@renewableergon.io
renewableergon.io
https://www.linkedin.com/pulse/renewable-ergon-led-eden-kaya-launches-150mw-solar-energy-upo7f

SOURCE: Renewable Ergon