United Microelectronics Corp. (UMC) has finalized an energy purchase agreement with Fengmiao I Offshore Wind Farm, a project developed by Copenhagen Infrastructure Partners (CIP) under its primary fund, CI V.
Under this agreement, UMC will acquire over 30 billion kilowatt-hours (kWh) of electricity from Fengmiao I for a duration of at least 30 years. This deal is significant as it marks the largest renewable energy procurement in UMC’s history.
Through this agreement, UMC aspires to achieve its objective of utilizing 50% renewable energy by 2030, as detailed in its roadmap aimed at achieving net-zero emissions and converting to 100% renewable energy by 2050.
In order to align with its net-zero strategy, governed by science-based targets, UMC is implementing three primary approaches: continuous and proactive reduction of carbon emissions, attaining 100% dependence on renewable energy, and investing in technologies that promote a net-zero future. In 2023, the UMC Group successfully accomplished a 26% reduction in scope 1 and scope 2 greenhouse gas emissions compared to 2020 levels, surpassing its original 2030 target ahead of schedule. Consequently, UMC has updated its emission reduction target from the initial 25% to a more ambitious 42%, thus accelerating its shift to net-zero emissions.
This rewritten content is technical and distinctly organized, including essential information regarding the energy purchase agreement and UMC’s sustainability objectives.
