The Times Australia
News From Asia

.

NEFIN acquires Guangxi Energy with 50 megawatts of solar PV development capacity from Ciel et Terre

The combined Yuntai and Guangxi acquisition will accelerate the Taiwan Government’s vision of leading the Taixi, Yunlin area to become a special solar zone

YUNLIN, TAIWAN - Media OutReach - 25 October 2022 - Yuntai, a project company, which NEFIN Group ("NEFIN") has majority control, has signed binding documents with Ciel et Terre Group ("C&T") for the 100% acquisition of Guangxi Energy, another project company in Taixi, Yunlin that is part of Laketricity, C&T Group.

This acquisition follows NEFIN's efforts toward a large-scale solar development project in Taixi, Yunlin.

Lift: Group photo of NEFIN and C&T ; Right: Left to right: Mr Cedric Jaeg, CEO of Laketricity and C&T
Lift: Group photo of NEFIN and C&T ; Right: Left to right: Mr Cedric Jaeg, CEO of Laketricity and C&T

Guangxi has obtained the 50-Megawatts system-impact analysis (SIA) approval from Taipower and a large parcel of land secured, Yuntai's acquisition of Guangxi will further bolster the total land holdings of Yuntai in west Taiwan and will significantly accelerate solar power generation land banking efforts in the area. This places Yuntai in a strong position to connect to the new 500MW substation in Taixi, established by the Taipower.

NEFIN will work closely with C&T to realise the full potential of the combined project, and are committed to fulfilling the Government's aim to establish the Taixi, Yunlin area as a special solar production zone.

"We look forward to working with C&T to meet key milestones and spearhead a major renewable energy movement in the region," said Mr. Ken Ng, CIO of NEFIN Group.

"We are delighted to collaborate with NEFIN on this project in Yunlin. It follows our strategy to develop more projects in Taiwan with reputable partner, in order to support Taiwan in its target of 30 GW of solar power capacity by 2030," said Cedric Jaeg, CEO of Laketricity and C&T Taiwan.

NEFIN is a green independent power producer, along with its shareholder ACEN, have collectively developed over 3,400MW of utility-scale, commercial, and industrial rooftop solar systems and renewable energy projects in its combined portfolio globally with strong track records. NEFIN is confident that the business expansion in Taiwan can electrify the region with renewable energy and accelerate the decarbonising efforts and transitioning to clean energy. NEFIN aims to be fully carbon-neutral by 2030 or sooner, and is helping like-minded local community and corporations to achieve their sustainability goals.

Hashtag: #NEFIN

About NEFIN Group

NEFIN is a premium green independent power producer (IPP) offering bespoke carbon neutral technologies & financing solutions in Asia Pacific. NEFIN, funded by AC Energy Corporation ("ACEN"), has collectively installed over 3,400MW of utility-scale, commercial and industrial renewable energy systems. ACEN is listed in the Philippines (PSE: ACEN) and is part of the Ayala Corporation, one of the largest and oldest conglomerates in Philippines, founded by the Ayala family in 1834. With its regional and multidisciplinary team, NEFIN offers comprehensive assessments and a full-suite of services to evaluate the ESG impact and commercial viability of projects through innovative approaches to technology under its unified energy management platform.

With a mission of "Achieving Carbon Neutrality for You", NEFIN is committed to the global climate goals and aims to accelerate the decarbonisation of our client portfolios. NEFIN believes the future of the world is everyone's responsibility and strives to redefine energy boundaries towards a sustainable future. Please refer to NEFIN's website for more information and follow us at .

About LAKETRICITY

LAKETRICITY is a solar project developer with a mission to positively integrate renewable energies into its local environment. As part of Ciel & Terre Group, Laketricity has nurtured in Taiwan a large and reliable technical background, conceiving the best solutions to develop solar power plants, especially projects in aquaculture environment.

Ciel et Terre Group is the pioneer of floating solar. With more than 1.2 GW of connected FPV power plants and ongoing construction, Ciel et Terre leads the market of floating solar industry.
For more information, please visit and .

Times Magazine

Choosing the Right Legal Aid Lawyer in Sutherland Shire: Key Considerations

Legal aid services play an essential role in ensuring access to justice for all. For people in the Sutherland Shire who may not have the financial means to pay for private legal assistance, legal aid ensures that everyone has access to representa...

Watercolor vs. Oil vs. Digital: Which Medium Fits Your Pet's Personality?

When it comes to immortalizing your pet’s unique personality in art, choosing the right medium is essential. Each artistic medium, whether watercolor, oil, or digital, has distinct qualities that can bring out the spirit of your furry friend in dif...

DIY Is In: How Aussie Parents Are Redefining Birthday Parties

When planning his daughter’s birthday, Rich opted for a DIY approach, inspired by her love for drawing maps and giving clues. Their weekend tradition of hiding treats at home sparked the idea, and with a pirate ship playground already chosen as t...

When Touchscreens Turn Temperamental: What to Do Before You Panic

When your touchscreen starts acting up, ignoring taps, registering phantom touches, or freezing entirely, it can feel like your entire setup is falling apart. Before you rush to replace the device, it’s worth taking a deep breath and exploring what c...

Why Social Media Marketing Matters for Businesses in Australia

Today social media is a big part of daily life. All over Australia people use Facebook, Instagram, TikTok , LinkedIn and Twitter to stay connected, share updates and find new ideas. For businesses this means a great chance to reach new customers and...

Building an AI-First Culture in Your Company

AI isn't just something to think about anymore - it's becoming part of how we live and work, whether we like it or not. At the office, it definitely helps us move faster. But here's the thing: just using tools like ChatGPT or plugging AI into your wo...

The Times Features

Benefits of Tree Pruning for a Thriving Australian Garden

Tree pruning is an essential aspect of garden maintenance that often doesn't get the attention it deserves. It's a practice that involves the selective removal of certain parts...

What is psychosocial therapy? And why is the government thinking about adding it to Medicare for kids?

The government is considering new, bulk-billed health checks for three-year-olds, to pick up developmental concerns and refer kids that might need additional support. The de...

Detect Hidden Water Leaks Fast: Don’t Ignore Hot Water System Leaks

Detecting water leaks early is crucial for preventing extensive damage to your home. Among the various parts of a home’s plumbing system, hot water systems are particularly suscept...

Why do hamstring injuries happen so often and how can they be prevented?

In a recent clash against the Melbourne Storm, the Brisbane Broncos endured a nightmare rarely seen in professional sport — three players tore their hamstrings[1] in a single g...

What Is the Australian Government First Home Buyers Scheme About?

For many Australians, buying a first home can feel like a daunting task—especially with rising property prices, tight lending rules, and the challenge of saving for a deposit. ...

How artificial intelligence is reshaping the Australian business loan journey

The 2025 backdrop: money is moving differently If you run a small or medium-sized business in Australia, 2025 feels noticeably different. After two years of stubbornly high bo...