Cheng Uei Precision Industry Co (正崴), an electronics component supplier, said yesterday it is entering the solar energy business to tap into the growing “green” energy market at home and abroad.
Cheng Uei, also known by its brand name Foxlink, is to engage in the production of solar power generation equipment for roofs through subsidiary Shinfox Corp (星崴), in response to the government’s call to develop renewable energy, said Cheng Uei chairman Gou Tai-chiang (郭台強), a younger brother of Hon Hai Group chairman Terry Gou (郭台銘).
Gou Tai-chiang said Shinfox would work with the National Yunlin University of Science and Technology on solar energy development, and they also plan to team up on wind-energy development.
Shinfox president Wilson Hu (胡惠森) said his company and the university would build a 1 megawatt solar power plant on campus with the ability to produce more than 1.3 million kilowatt hours of electricity a year.
Hu said Shinfox and the university are scheduled to sign an agreement on the project later this month.
Shinfox is a power-management service provider to the electricity industry, specializing in products for smart grid solutions, such as smart meters and wireless control equipment, according to Cheng Uei’s Web site.
Hu said Shinfox has worked with a Chinese partner in wind-power development there and aims to set up wind-power generation facilities in Taiwan.
He said in addition to the power generation business, Shinfox would cooperate with department stores, hospitals and shopping malls to develop ways to cut carbon emissions and improve energy efficiency.
Cheng Uei is gearing up to diversify its business from connector production to consumer-electronics distribution. The company operates the Studio A (晶實科技) chain selling Apple Inc’s products in Asia, including Taiwan, China and Hong Kong.