J&V Energy, a Taiwan-headquartered developer, has acquired a 187MW portfolio of operational solar assets in Taiwan from a fund managed by Global Infrastructure Partners, a subsidiary of global asset owning giant BlackRock.
The portfolio includes 42 operational solar projects across central and southern Taiwan, with a combined installed capacity of 187MW. The assets are projected to generate around 270 million kWh of renewable electricity annually and have a remaining operational lifespan of more than 15 years.
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The transaction is expected to close in Q3 2026.s. Financial terms of the acquisition were not disclosed. Once completed, the portfolio will be integrated into J&V Energy’s operating, asset management and electricity retail platforms in Taiwan.
“This acquisition fits well with our strategy of building a high-quality, income-producing renewables portfolio anchored by long-dated, fully contracted cashflows. The 187MW portfolio provides stable, predictable revenue at scale, and we see clear opportunities to add further value through J&V Energy’s integrated operating, asset management and offtake capabilities,” said group chief investment officer of J&V Energy, Jerome Tan.
According to the company, the acquisition strengthens its integrated renewables platform in Taiwan and is significant in expanding its position as an independent power producer (IPP). The additional capacity will also bolster the supply pipeline of GREENET, J&V Energy’s green power retail subsidiary.
Earlier this year, a consortium led by GIP agreed to acquire AES Corporation in a US$10.7 billion transaction. The consortium also includes EQT Infrastructure VI, the California Public Employees’ Retirement System (CalPERS) and the Qatar Investment Authority. Under the terms of the agreement, AES shareholders will receive US$15.00 per share in cash. The transaction is expected to close in late 2026 or early 2027.
