National Development Fund: Divestment from United Renewable Energy is Routine Exit, Green Energy Remains Key Industry
The National Development Fund has initiated a divestment mechanism for its shares in United Renewable Energy, stating it's a routine exit after achieving strategic investment goals and does not signal a shift in industrial support. The fund invested in United Renewable Energy in 2018 to aid the solar energy industry's consolidation and upgrade. Post-divestment, the National Development Fund will still hold 5.81% of United Renewable Energy's shares and retain a board seat, emphasizing that green energy remains a national key industry.
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- 📰 Published: April 13, 2026 at 21:29
- 🔍 Collected: April 13, 2026 at 22:01 (32 min after Published)
- 🤖 AI Analyzed: April 15, 2026 at 22:40 (48h 38m after Collected)
Taipei, April 13 (CNA) The National Development Fund has initiated a divestment mechanism for its shares in United Renewable Energy, causing the company's stock to hit its daily limit today. The National Development Fund issued a three-point statement this evening, emphasizing that the strategic investment's phased objectives have been achieved, leading to a routine exit operation. This does not involve a transfer of industrial support goals, and the green energy industry remains a national key industry at this stage.
The National Development Fund released a press release this evening, outlining three points. First, the fund's purpose is to support the development of national strategic industries, and the green energy industry is a national key industry at this stage. This case is a routine exit operation for a business invested by the National Development Fund and does not involve a transfer of industrial support goals.
Second, in 2018, the National Development Fund invested in United Renewable Energy Company in accordance with the "Industrial Innovation and Transformation Fund Operating Guidelines" to assist the solar energy industry in promoting mergers, upgrades, and the introduction of new business models. According to the guidelines, investments by the National Development Fund exceeding five years require review.
The National Development Fund pointed out that considering the phased objectives of its strategic investment have been achieved, it proceeded with the divestment in accordance with the established investment exit mechanism to recover funds for continuous investment in domestic industrial development and to fulfill the fund's policy investment function.
Third, the National Development Fund plans to transfer 4,201,476 shares of United Renewable Energy. After the transfer, the National Development Fund will still hold 94,573,203 shares of United Renewable Energy, accounting for 5.81% of its shares. After the divestment, the National Development Fund will retain its board seat and can still participate in board operations to help strengthen corporate governance. (Editor: Chang Liang-chih) 1150413
The National Development Fund released a press release this evening, outlining three points. First, the fund's purpose is to support the development of national strategic industries, and the green energy industry is a national key industry at this stage. This case is a routine exit operation for a business invested by the National Development Fund and does not involve a transfer of industrial support goals.
Second, in 2018, the National Development Fund invested in United Renewable Energy Company in accordance with the "Industrial Innovation and Transformation Fund Operating Guidelines" to assist the solar energy industry in promoting mergers, upgrades, and the introduction of new business models. According to the guidelines, investments by the National Development Fund exceeding five years require review.
The National Development Fund pointed out that considering the phased objectives of its strategic investment have been achieved, it proceeded with the divestment in accordance with the established investment exit mechanism to recover funds for continuous investment in domestic industrial development and to fulfill the fund's policy investment function.
Third, the National Development Fund plans to transfer 4,201,476 shares of United Renewable Energy. After the transfer, the National Development Fund will still hold 94,573,203 shares of United Renewable Energy, accounting for 5.81% of its shares. After the divestment, the National Development Fund will retain its board seat and can still participate in board operations to help strengthen corporate governance. (Editor: Chang Liang-chih) 1150413