United Microelectronics Corp. (UMC) has executed a company energy buy settlement with Fengmiao I Offshore Wind Farm, a undertaking developed by Copenhagen Infrastructure Companions (CIP) beneath its flagship fund, CI V.
Beneath this settlement, UMC will purchase over 30 billion kilowatt-hours (kWh) of electrical energy from Fengmiao I over a interval of not less than 30 years. This transaction is notable because it represents the biggest renewable vitality procurement in UMC’s historical past.
By means of this settlement, UMC goals to fulfill its goal of using 50% renewable vitality by the yr 2030, as outlined in its roadmap in the direction of reaching net-zero emissions and transitioning to 100% renewable vitality by 2050.
To align with its net-zero roadmap, outlined by science-based targets, UMC is pursuing three main methods: ongoing and proactive discount of carbon emissions, reaching 100% reliance on renewable vitality, and investing in applied sciences that facilitate a net-zero future. In 2023, UMC Group efficiently achieved a 26% discount in scope 1 and scope 2 greenhouse gasoline emissions in comparison with 2020 ranges, exceeding its unique 2030 goal forward of schedule. Consequently, UMC has revised its emission discount aim from an preliminary 25% to a extra bold 42%, thereby accelerating its transition to net-zero emissions.
This revised content material is technical and clearly structured, together with important particulars concerning the energy buy settlement and UMC’s sustainability objectives.