- Largest renewable energy deal in UMC’s history: A 30-year Corporate Power Purchase Agreement (CPPA) with Fengmiao I Offshore Wind Farm secures over 30 billion kWh of clean energy.
- Fast-tracks sustainability targets: UMC raises its 2030 greenhouse gas emissions reduction goal from 25% to 42%, achieving 26% reduction by 2023.
- Sets precedent for semiconductor industry: Demonstrates market confidence in large-scale offshore wind partnerships and net zero leadership.
United Microelectronics Corporation (UMC) has solidified its renewable energy commitment through a landmark CPPA with Fengmiao I Offshore Wind Farm, a project led by Copenhagen Infrastructure Partners (CIP). The agreement guarantees UMC over 30 billion kWh of clean energy for 30 years, marking the company’s largest renewable energy transaction to date.
UMC’s Ambitious Net Zero Strategy
This agreement supports UMC’s accelerated sustainability goals: 50% renewable energy by 2030 and 100% by 2050. Vice President TS Wu highlighted its significance:
“This landmark power purchase agreement demonstrates our commitment to sustainable development and contributes to UMC’s carbon reduction goals and ESG vision.”
UMC has already surpassed its original 2030 goal of a 25% reduction in Scope 1 and Scope 2 greenhouse gas emissions, achieving a 26% reduction by 2023. As a result, the company has revised its target to a 42% reduction, further advancing its net zero roadmap.
Related Article: UK Wind Power Hits Historic 30GW Milestone
Industry Confidence in Offshore Wind
The deal reflects growing confidence in offshore wind as a scalable solution for decarbonization. Thomas Wibe Poulsen, Chairman of Fengmiao Offshore Wind Farm, emphasized:
“UMC’s decision to partner with Fengmiao I underscores the market’s confidence in CIP’s technical and financial capability to deliver offshore wind projects.”
This collaboration showcases how semiconductor leaders like UMC are driving transformative change by integrating renewable energy into their operations.
With this deal, UMC sets a powerful example for other industries, proving that bold renewable energy commitments can both drive emissions reduction and support long-term business growth.
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