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Taiwan’s Wafer Giant SAS Seals First Parent-Subsidiary Wind Power Deal

The company partners with CIP's flagship fund to diversify renewable energy portfolio
Taiwan
s 5483.TWO Mid and Small Cap 2000 Semicon 75 Tech 350
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Sino-American Silicon Products (SAS) and its subsidiary Sushi Electric Power have signed Taiwan’s first parent-subsidiary corporate power purchase agreement for offshore wind energy, marking a strategic expansion in the island’s renewable energy sector.

The deal involves purchasing power from Copenhagen Infrastructure Partners (CIP) Fengmiao Phase 1 offshore wind farm, located 35 kilometers off the coast of Taichung City. The project features 33 wind turbines and aims to provide stable green power supply to the region.

SAS Group, a leading semiconductor wafer manufacturer, is leveraging Taiwan’s geographic advantages – abundant sunshine in summer and strong northeastern monsoon winds in winter – to diversify its green energy sources. The combination of offshore wind power for nighttime stability and solar energy for daytime efficiency aims to meet the growing corporate demand for reliable renewable energy.

The company’s chairwoman, Doris Hsu, emphasized that the agreement would help businesses increase their overall renewable energy usage while accelerating energy transition efforts. According to CIP’s Asia-Pacific head Thomas Wibe Poulsen, the Fengmiao project has garnered significant attention from domestic and international financing markets, reflecting confidence in its timely grid connection.

The deal represents a growing trend among Taiwanese corporations seeking to align with global net-zero sustainability standards.

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