UMC Signs 30-Year, 30 Billion kWh Offshore Wind Power Agreement with CIP’s Fengmiao I Offshore Wind Farm
United Microelectronics (UMC) has signed a landmark 30-year Corporate Power Purchase Agreement (CPPA) with Fengmiao I Offshore Wind Farm, developed by Copenhagen Infrastructure Partners. The agreement involves purchasing over 30 billion kilowatt-hours of power, marking UMC's largest renewable energy transaction to date.
This strategic move aligns with UMC's environmental goals, including achieving 50% renewable energy use by 2030 and 100% renewable energy by 2050. The company has already made significant progress, achieving a 26% reduction in scope 1 and scope 2 greenhouse gas emissions from 2020 base levels in 2023, surpassing its original 2030 target. As a result, UMC has revised its 2030 emission reduction target from 25% to a more ambitious 42%.
United Microelectronics (UMC) ha firmato un accordo innovativo di acquisto di energia elettrica aziendale (CPPA) della durata di 30 anni con Fengmiao I Offshore Wind Farm, sviluppato da Copenhagen Infrastructure Partners. L'accordo prevede l'acquisto di oltre 30 miliardi di chilowattora di energia, rappresentando la più grande transazione di energia rinnovabile di UMC fino ad oggi.
Questa mossa strategica è in linea con gli obiettivi ambientali di UMC, che includono il raggiungimento del 50% di utilizzo di energia rinnovabile entro il 2030 e 100% di energia rinnovabile entro il 2050. L'azienda ha già ottenuto progressi significativi, con una riduzione del 26% delle emissioni di gas serra di portata 1 e 2 rispetto ai livelli di base del 2020 nel 2023, superando il suo obiettivo iniziale per il 2030. Di conseguenza, UMC ha rivisto il suo obiettivo di riduzione delle emissioni per il 2030, portandolo dal 25% a un più ambizioso 42%.
United Microelectronics (UMC) ha firmado un acuerdo histórico de compra de energía eléctrica corporativa (CPPA) por 30 años con Fengmiao I Offshore Wind Farm, desarrollado por Copenhagen Infrastructure Partners. El acuerdo implica la compra de más de 30 mil millones de kilovatios-hora de energía, marcando la transacción más grande de energía renovable de UMC hasta la fecha.
Este movimiento estratégico se alinea con los objetivos ambientales de UMC, que incluyen alcanzar un 50% de uso de energía renovable para 2030 y 100% de energía renovable para 2050. La compañía ya ha logrado un progreso significativo, alcanzando una reducción del 26% en las emisiones de gases de efecto invernadero de alcance 1 y 2 desde los niveles base de 2020 en 2023, superando su objetivo original de 2030. Como resultado, UMC ha revisado su objetivo de reducción de emisiones para 2030, pasándolo del 25% a un 42% más ambicioso.
유니버설 마이크로일렉트로닉스 (UMC)는 펑먀오 I 해상 풍력 발전소와 30년 간의 전력 구매 계약(CPPA)을 체결했습니다. 이 발전소는 코펜하겐 인프라 파트너가 개발하였습니다. 이번 계약은 300억 킬로와트시 이상의 전력 구매를 포함하며, UMC의 최대 재생 에너지 거래로 기록됩니다.
이 전략적 결정은 UMC의 환경 목표와 일치하며, 이는 2030년까지 재생 에너지 사용률 50% 및 2050년까지 100%에 도달하는 것을 포함합니다. 회사는 이미 2020년 기준으로 26%의 온실가스 배출량을 줄이며 큰 발전을 이뤘으며, 이는 2030년 원래 목표를 초과한 것입니다. 그 결과, UMC는 2030년 감축 목표를 25%에서 더 야심찬 42%로 수정했습니다.
United Microelectronics (UMC) a signé un accord historique de 30 ans pour l'achat d'énergie (CPPA) avec Fengmiao I Offshore Wind Farm, développé par Copenhagen Infrastructure Partners. L'accord comprend l'achat de plus de 30 milliards de kilowattheures d'énergie, marquant la plus grande transaction d'énergie renouvelable d'UMC à ce jour.
Cette démarche stratégique s'inscrit dans les objectifs environnementaux d'UMC, incluant l'atteinte de 50% d'utilisation d'énergie renouvelable d'ici 2030 et 100% d'énergie renouvelable d'ici 2050. L'entreprise a déjà réalisé des avancées significatives, atteignant une réduction de 26% de ses émissions de gaz à effet de serre de portée 1 et 2 par rapport aux niveaux de base de 2020 en 2023, dépassant ainsi son objectif initial pour 2030. En conséquence, UMC a révisé son objectif de réduction des émissions pour 2030, le portant de 25% à un 42% plus ambitieux.
United Microelectronics (UMC) hat einen wegweisenden 30-jährigen Corporate Power Purchase Agreement (CPPA) mit Fengmiao I Offshore Wind Farm unterzeichnet, das von Copenhagen Infrastructure Partners entwickelt wurde. Vereinbart ist der Kauf von über 30 Milliarden Kilowattstunden Strom, was den größten erneuerbaren Energievertrag von UMC bis heute markiert.
Dieser strategische Schritt steht im Einklang mit UMCs Umweltzielen, einschließlich der Erreichung eines 50%igen Anteils erneuerbarer Energien bis 2030 und 100% erneuerbarer Energien bis 2050. Das Unternehmen hat bereits erhebliche Fortschritte erzielt und eine Reduktion von 26% der Treibhausgasemissionen der Kategorien 1 und 2 im Jahr 2023 im Vergleich zu den Basiswerten von 2020 erreicht, was das ursprüngliche Ziel für 2030 übertrifft. Daher hat UMC das Emissionsreduktionsziel für 2030 von 25% auf ein ehrgeizigeres 42% heraufgesetzt.
- Secured long-term renewable energy supply through 30-year agreement
- Achieved 26% reduction in greenhouse gas emissions ahead of schedule
- Set more ambitious emission reduction target of 42% by 2030
- None.
Insights
This large-scale renewable energy agreement represents a significant strategic move for UMC's sustainability roadmap. The 30-year, 30 billion kWh offshore wind power purchase agreement will substantially boost UMC's renewable energy portfolio and accelerate its progress toward the 50% renewable energy target by 2030. The company's early achievement of its 2030 emissions reduction target, reaching a
This CPPA represents a strategic long-term investment in sustainable operations and cost stability. While specific financial terms weren't disclosed, the 30-year commitment suggests favorable pricing terms that could help UMC manage and potentially reduce long-term energy costs. The agreement may also strengthen UMC's competitive position by appealing to environmentally conscious customers and investors, particularly as ESG factors increasingly influence investment decisions. The early achievement and upward revision of emissions targets could positively impact UMC's ESG ratings, potentially lowering borrowing costs and attracting ESG-focused investors. However, investors should monitor the implementation costs and any impact on operating margins in the short term.
HSINCHU,
UMC signed a Corporate Power Purchase Agreement with CIP’s Fengmiao I Offshore Wind Farm, which will contribute to the company‘s goal of net zero emissions and
TS Wu, Vice President of UMC, said, "UMC is pleased to sign this landmark power purchase agreement with CIP’s Fengmiao I, marking UMC’s largest renewable energy deal to date and a significant milestone in our net zero journey. This agreement demonstrates our commitment to sustainable development to our stakeholders, and also contributes to UMC’s carbon reduction goals and ESG vision. As a responsible corporate citizen, UMC actively works on cutting emissions and energy consumption by installing high efficiency greenhouse gas abatement equipment and improving the energy efficiency of our manufacturing processes. At the same time, we will continue to expand renewable energy use as we advance towards our 2050 net zero goal.”
Thomas Wibe Poulsen, APAC Regional Partner for CIP’s Flagship Funds and Chairman of Fengmiao Offshore Wind Farm, said, “The decision of UMC, a leading global semiconductor company, to cooperate with Fengmiao I underscores the market’s high confidence in CIP’s technical and financial capability to deliver offshore wind projects.”
UMC follows its net zero roadmap, defined by science-based targets, by taking three key actions: persistent and proactive carbon emission reduction,
About UMC
UMC (NYSE: UMC, TWSE: 2303) is a leading global semiconductor foundry company. The company provides high-quality IC fabrication services, focusing on logic and various specialty technologies to serve all major sectors of the electronics industry. UMC’s comprehensive IC processing technologies and manufacturing solutions include Logic/Mixed-Signal, embedded High-Voltage, embedded Non-Volatile-Memory, RFSOI, BCD etc. Most of UMC's 12-in and 8-in fabs with its core R&D are located in
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Some of the statements in the foregoing announcement are forward-looking within the meaning of the
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UMC Corporate Communications
Michelle Yun
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michelle_yun@umc.com
Source: United Microelectronics Corporation
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