Structure

Six Business Verticals

The group is organised across six activities that together span the renewable value chain — from importing and distributing equipment, through building and owning generation assets, to manufacturing cells and developing storage technology.

4 companies

Wholesale Distribution

Four distribution platforms supplying Tier 1 modules, inverters and energy storage to EPCs, developers and installers across South East Asia, South Asia, Europe and the USA.

Solar Hive
Solar Hive Pte Ltd · Singapore · Founded Jul 2016

Solar wholesale distribution across South East Asia and South Asia, established in Singapore in July 2016. Founding shareholder. Key product categories are inverters and energy storage systems.

SingaporeMalaysiaThailandVietnamSri LankaBangladeshDubai
SMAFroniusSungrowBYDTigo
solarhive.com.sg ↗
Evervolt
Evervolt Green Energy Pvt Ltd · Bangalore, India · Est. Jul 2013

Solar wholesale distribution across India; Allied invested in 2017 and provided financing and supply support to fund its growth. Ten warehouses covering Pan-India enable delivery within 48 hours by road.

LongiTrinaGoodWeSolaXSolarEdge
evervolt.in ↗
Opal Energy
Opal Energy GmbH · Germany · Est. Nov 2022

Founding shareholder of the company, established in Germany in November 2022. Wholesale distribution of the Opal residential solar energy storage system, plus third-party inverter and storage brands.

Opal ESSSolaXSunsynk
opalenergy.com.sg ↗
GermanSolar
German Solar Asia Pte Ltd · Singapore & San Diego, USA · Est. May 2015

Founding shareholder of companies established in Singapore and San Diego in May 2015. Specialises in non-standard, customised solar modules, focused on off-grid and building-integrated photovoltaic (BIPV) products for the US market.

Custom modulesOff-gridBIPV
germansolarasia.com ↗
3 companies

Project Development & EPC

Turnkey engineering, procurement and construction, from telecom solar in western China to large-scale re-powering in Japan.

Xinjiang Xin Puneng
Xinjiang Xin Puneng Co Ltd · Urumqi, Xinjiang, China · Est. Jan 2007

The group's earliest venture, established as founding shareholder in January 2007. Focused on EPC for solar telecom projects across the Xinjiang region — the group's initial engineering and construction capability.

Sunergy Solar
Sunergy Solar Pte Ltd · Singapore · Est. Jul 2007

Founding shareholder, established in Singapore in July 2007. Combines worldwide wholesale distribution with full turnkey residential and commercial & industrial projects in Singapore.

LongiTrinaJA SolarSeraphimSMAGoodWeSolaX
sunergysolar.com.sg ↗
Aurix Capital
Aurix Capital Co Ltd · Tokyo, Japan · Est. Sep 2024

Founding shareholder, established in Tokyo in September 2024. Focused on re-powering existing ground-mounted solar farms in Japan, and developing large-scale energy storage projects in the Japanese market.

Founding capability. Xinjiang Xin Puneng and Sunergy Solar were both established in 2007, alongside Allied Energy Holding itself — the group has held EPC capability since inception.
5 companies

Independent Power Producer

Owned and operating solar and storage assets under feed-in tariffs and merchant structures across Malaysia, Taiwan, Denmark and India.

Synergy Solar Development
Synergy Solar Development Sdn Bhd · Johor, Malaysia · Est. Mar 2011

Founding shareholder since March 2011. A 21-year high feed-in tariff underpins the revenue stream.

3.2 MWRooftop solar held
US$1.6mIncome per year
2035Tariff runs until
Realised 2020 ChenYa Energy
ChenYa Energy Co Ltd · Hsinchu, Taiwan · Est. Mar 2015

Built Taiwan's first multi-megawatt floating solar project, at Ah Gong Dian Lake in Kaohsiung. ISQ Capital joined as a shareholder in 2017. Sold in its entirety to Marubeni in 2020.

QT
Qin Tian Energy Co Ltd
Taoyuan, Taiwan · Est. Mar 2015

Founding shareholder, established in Taoyuan in March 2015. Focused principally on rooftop solar projects under Taiwan's feed-in tariff regime.

~2 MWRooftop FiT projects held
Nordic Solar A/S
Copenhagen, Denmark · Founding shareholder since Oct 2010

The group's largest European development and generation platform, building and operating utility-scale solar and energy storage assets across the continent.

>2 GWSolar developed
>800 MWStorage developed
>600 MWOperating solar + storage
282 GWhEnergy produced / yr
nordicsolar.eu ↗
Evervolt
Evervolt Renewable Energy Pvt Ltd · Bangalore, India · Founding shareholder Sep 2025

The group's newest Indian platform — a holding company for renewable fuel, advanced coatings and solar generation businesses.

100 MWSolar dev. potential targeted before 2027
KS Biosol India — waste-to-energy BPV Coating — NTI reflective paint (SRI up to 90)
1 company

Solar Cell Manufacturing

Gigawatt-scale Mono PERC and TOPCon cell production in India, with a wafer plant planned.

Evervolt
Evervolt Green Technology Pvt Ltd · Formerly CETC Renewable Pvt Ltd · India · Acquired Oct 2025
1.2 GWMono PERC in operation
6 GWTOPCon — phase 2
6 GWWafer plant — phase 3
430+Employees, 2 shifts 24/7
Development path
2018

Factory established by CETC Equipment Co Ltd, a major Chinese state-owned group.

Oct 2024

Joint manufacturing agreement signed between Allied and CETC.

May 2025

1.2 GW Mono PERC solar cell line installed and brought into operation.

Oct 2025

Took over the company in full; renamed Evervolt Green Technology.

Next

Phase 2 — 6 GW TOPCon cell capacity. Phase 3 — 6 GW wafer plant in Andhra Pradesh.

1 company

Solar Asset Management

Japan-licensed fund management covering solar, property and ship leasing assets.

Minato Management
Minato Management Co Ltd · Tokyo, Japan · Allied invested Nov 2023

Minato Management holds a Type 2 financial licence, allowing it to raise funds publicly in Japan. It began by managing solar assets and has since extended into property and ship leasing.

Solar generation assetsPropertyShip leasing
Type 2 licence. Permits public fundraising in Japan — a regulated platform for pooling investor capital into real assets.
Multi-asset mandate. Originally focused on solar assets, the mandate now also covers property and ship leasing.
Inbound investment structuring. Assists foreign companies investing into Japan to achieve tax efficiency through the GK-TK structure.
Domestic tax deferral. Helps local companies deploy profits into vessel procurement for leasing, deferring taxes payable.
minatomanagement.co.jp ↗
1 company

Energy Storage Technology

Vanadium carbon salt solid-state battery technology developed with Japanese universities.

Green Energy Solution
Green Energy Solution Co Ltd · Tokyo, Japan · Founding shareholder since Oct 2020

Developed in partnership with MK Plus, Kyoto University and Tohoku University. The Vanadium Carbon Salt solid-state battery is a new energy storage chemistry being commercialised by the company.

100CCharge / discharge rate
>50,000Cycle life
9 vs 14Manufacturing steps vs. lithium
Target applications
Utility-scale storageConsumer productsElectric vehicles
mkpl.co.jp ↗