Air Products San Fu signs a ten-year Power Purchase Agreement (PPA) with Tatung Forever Energy.
Scheduled to start at the end of 2024, the partnership will supply solar electricity to power part of Air Products San Fu’s industrial operations in Taiwan.
This agreement responds to the need for large industrial companies to diversify their energy sources and comply with environmental standards, while guaranteeing the stability of their energy supply.
The initiative enables Air Products to reduce its carbon footprint by integrating a reliable renewable energy source into its production process.
This approach is crucial for companies operating in energy-intensive sectors, where cost optimization and compliance with environmental regulations are becoming strategic imperatives.
Impact on Taiwan’s industrial sector
The choice of solar energy comes at a time when Taiwan is stepping up its efforts to reduce greenhouse gas emissions.
The industrial sector, which is particularly energy-intensive, is at the heart of efforts to adopt more sustainable practices.
The agreement between Air Products San Fu and Tatung Forever Energy represents a concrete step towards reducing CO2 emissions, while supporting the sustainable development objectives set by the Taiwanese government.
By partnering with Tatung Forever Energy, Air Products San Fu gains access to stable and efficient solar energy, optimizing the energy efficiency of its facilities.
The partnership also helps to secure energy supplies in a context of volatile fossil fuel prices and global energy transition.
Implications for the energy market
The integration of solar power into Air Products San Fu’s operations could influence other industrial players in Taiwan, encouraging them to explore similar energy options.
This trend could stimulate the development of the solar energy market in Taiwan, increasing investment in the infrastructure needed to support this transition.
The expected benefits of this initiative are not limited to the reduction of CO2 emissions.
The agreement also enables Air Products San Fu to strengthen its market position as a responsible and innovative player, while improving its operational efficiency thanks to a renewable energy source.
