Taipei Financial Center Corp (TFCC, 台北金融大樓公司), which operates the Taipei 101 skyscraper, yesterday said it plans to spend between NT$50 million and NT$60 million (US$1.6 million and US$1.9 million) to replace all the traditional fluorescent tubes on the skyscraper’s external walls to LED lighting in the next three years as part of its efforts to conserve energy.
The company’s remarks came after purchasing 1.01 million kilowatt-hours (kWh) of “green” power — which cost NT$1.07 million more than traditional power sources — from state-run Taiwan Power Co (Taipower, 台電) in April, increasing the consumption of energy generated from renewable resources.
“Taipei 101 will not always be the tallest green building in the world, but we are trying to become the paragon for global green buildings,” Taipei 101 president Chou Te-yu (周德宇) told a press conference, referring to the firm’s pledge to conserve energy and reduce carbon dioxide emissions.
Chou said the purchase of 1.01 million kWh of green power would meet the electricity demand for the lighting of the skyscraper’s external walls for one year.
Apart from the purchase of green power and the planned replacement using LED lighting, the company is considering increasing the number of solar panels installed, Taipei 101 spokesperson Michael Liu (劉家豪) said.
Last week, Taiwan Semiconductor Manufacturing Co (台積電) said it would buy 100 million kWh of green power, accounting for almost 13 percent of what Taipower could offer this year, while I-Mei Foods Co (義美) said it would purchase 2.5 million kWh of green power.
The amount of green power that had been purchased by enterprises and individuals totaled 119 million kWh in the first half of this year, up 27 times from the same period of time last year, Minister of Economic Affairs John Deng (鄧振中) said.
Deng said that the purchase of 119 million kWh of green power is expected to reduce nearly 60 million kilograms of carbon footprint, equivalent to the carbon absorbed by 6 million trees in one year.
In an attempt to encourage more enterprises and individuals to buy electricity generated from renewable resources, Deng said the government reduced the green power price to NT$1.06 per kWh from last year’s NT$2.64 per kWh.
Deng said the government plans to increase power contribution from renewable energy resources from this year’s 11.6 percent to more than 25 percent by 2030 to diversify the nation’s energy resources and contain the rising risk of power shortages.
CLIENTS’ RIGHTS: Banking Bureau Deputy Director-General Lin Chih-chi said the buyer and Citibank Taiwan would need to disclose changes to branch operations DBS Bank Taiwan (星展台灣), the local unit of Singapore-based DBS Group Holdings Ltd, has reportedly won a bid to acquire Citibank Taiwan Ltd’s (花旗台灣) consumer banking business, but the two companies declined to confirm the report yesterday. Citibank Taiwan’s consumer banking business is to be sold for about NT$60 billion (US$2.17 billion) to DBS Taiwan, the Chinese-language Economic Daily News reported on Sunday. DBS Taiwan and its parent company are expediting the negotiations with the seller’s US-based parent company, while other local bidders, including Fubon Financial Holding Co (富邦金控) and Cathay Financial Holding Co (國泰金控), have dropped their bids, the report said. Citibank
‘BULLISH YEAR AHEAD’: The contract chipmaker set a growth target of up to 29 percent, as it expects to outperform its peers in the semiconductor industry Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) is planning to boost this year’s capital expenditure budget by about 46 percent to exceed US$44 billion, citing strong customer demand for advanced technologies used in high-performance computing (HPC) and 5G-related applications, the world’s largest contract chipmaker said yesterday. The plan marks a record spending for TSMC after the chipmaker budgeted US$30 billion for capacity expansions at home and overseas fabs last year. TSMC is planning to allocate about 80 percent of this year’s capital spending for advanced chip capacity expansion including 2-nanometer, 3-nanometer, 5-nanometer and 7-nanometer technologies. The chipmaker reiterated that it is on
Siltronic AG cast doubt on a planned US$5.3 billion takeover by GlobalWafers Co (環球晶圓), saying the German Ministry of Economic Affairs and Climate Action’s feedback so far was opaque and offered no clear resolution on how to win approval for the deal. During recent discussions, the companies did not receive any information as to whether and under which conditions a clearance for the takeover might be issued, the German company said in a regulatory filing on Friday following a news report on remedies the companies have offered. In the ministry’s view “in this case, a mitigation agreement is apparently not suitable
BELLWETHER COMPANY: A failed fundraiser at Country Garden, thus far unaffected by issues at Evergrande, is feared to prompt widespread repricing of developer stocks A crisis engulfing China’s property sector is affecting its biggest developer, with Country Garden Holdings Co’s (碧桂園) shares and bonds hammered amid fears that a reportedly failed fundraising effort might be a harbinger of waning confidence. Country Garden is one of the few remaining large, better-quality private developers that had been largely unscathed by the liquidity crunch, even as peers, such as Shimao Group Holdings Ltd (世茂集團), saw dramatic reversals in their credit ratings. The firm is viewed as a bellwether for contagion risk, as unprecedented levels of stress in the offshore credit market threaten to drag good credits down alongside bad