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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. |
