HD Renewable Energy (TPE:6873) approved a capital injection of up to AU$70 million into its Australian unit, ZEBRE.
The funds will support the development of a battery energy storage system platform, according to a Tuesday Taiwan Exchange filing.
The investment will be made through HDRE II Holding Unit Trust, and funding will be provided based on operational needs, it said.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.