What is the significance of the agreement between UMC and CIP's Fengmiao I Offshore Wind Farm? [Yahoo! Finance]
United Microelectronics Corporation (NEW) (UMC)
US:NYSE Investor Relations:
umc.com/english/investors/index.asp
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Source: Yahoo! Finance
The agreement is a Corporate Power Purchase Agreement (CPPA) where UMC will purchase over 30 billion kilowatt-hours of power from Fengmiao I over at least 30 years, marking the largest renewable energy transaction in UMC's history and a significant milestone in its net zero journey. Was this helpful? Yes No How does this agreement contribute to UMC's sustainability goals? The agreement demonstrates UMC's commitment to sustainable development and contributes to its carbon reduction goals and ESG vision, helping the company to achieve its net zero emissions target by 2050. Was this helpful? Yes No What is the significance of this agreement for CIP's Fengmiao I Offshore Wind Farm? The agreement underscores the market's high confidence in CIP's technical and financial capability to deliver offshore wind projects, according to Thomas Wibe Poulsen, APAC Regional Partner for CIP's Flagship Funds and Chairman of Fengmiao Offshore Wind Farm. Was this helpful? Yes No
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News
- United Microelectronics signs 30-year power purchase deal [Seeking Alpha]Seeking Alpha
- UMC Signs 30-Year, 30 Billion kWh Offshore Wind Power Agreement with CIP’s Fengmiao I Offshore Wind FarmBusiness Wire
- UMC Recognized as a Sustainability Leader in the Dow Jones Sustainability Indices (DJSI) and MSCI ESG RatingsBusiness Wire
- UMC’s Collaboration with Suppliers to Build a Sustainable Supply Chain Contributes to 2.64 Million Tons of Carbon ReductionBusiness Wire
- UMC Reports Sales for November 2024Business Wire
UMC
Earnings
- 10/30/24 - Beat
UMC
Sec Filings
- 12/18/24 - Form 6-K
- 12/11/24 - Form 6-K
- 11/25/24 - Form 6-K
- UMC's page on the SEC website