UMC Signs On for Power from Fengmiao I Offshore Wind Farm

United Microelectronics Corp. (UMC) has signed a corporate power purchase agreement with Fengmiao I Offshore Wind Farm, developed by Copenhagen Infrastructure Partners’ (CIP) flagship fund, CI V. UMC will purchase more than 30 billion kWh of power from Fengmiao I over least 30 years, marking the largest renewable energy transaction in UMC’s history. The agreement will help UMC achieve its goal of 50% renewable energy use by 2030 as part of the company’s roadmap to net zero emissions and 100% renewable energy by 2050. UMC follows its net zero roadmap, defined by science-based targets, by taking three key actions: persistent and proactive carbon emission reduction, 100% renewable energy usage, and investment in net- zero technologies. In 2023, UMC Group achieved a 26% reduction in scope 1 and scope 2 greenhouse gas emissions from 2020 base levels, reaching its 2030 target ahead of schedule. Therefore, UMC has revised its original 2030 target of 25% reduction to a more ambitious 42% reduction goal to accelerate the pace of its net zero transition. North American Windpower serves decision-making professionals involved in all aspects of wind energy generation and distribution in the North American marketplace. NAW highlights product markets and equipment advancements, as well as topics related to the support services that help developers get projects up and running and keep them performing optimally. © Copyright Zackin Publications Inc. All Rights Reserved.