Chailease Holding Co (中租控股), a financial leasing company, on Monday said that it would spend NT$10 billion (US$324.46 million) this year to expand its solar power generation capacity.
The company would invest in several locations, including the Southern Taiwan Science Park (南部科學園區) and Hsinchu Science Park (新竹科學園區), said Chen Jui-hsin (陳瑞興), president of Chailease Energy (中租能源), the green energy development subsidiary of Chailease Holding.
Chen announced the investment plan at the inauguration of a roof-top solar power facility at the Hsinchu Science Park (新竹科學園區).
The Hsinchu facility is expected to generate 1.3 million kilowatt-hours of electricity and cut carbon emissions by about 725 tonnes, equivalent to emissions reduction achieved by 1.8 Daan Forest Parks, Chailease Energy said.
The facility has shown that Chailease Holding is a good and reliable business partner to the Hsinchu Science Park, where many important tech firms, including Taiwan Semiconductor Manufacturing Co (台積電), are located, Chen said.
The science park is increasing the use of alternative energy sources and hopes the shift will facilitate sustainable development, Hsinchu Science Park Administration Bureau head Wayne Wang (王永壯) said.
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Zimbabwe’s ban on raw lithium exports is forcing Chinese miners to rethink their strategy, speeding up plans to process the metal locally instead of shipping it to China’s vast rechargeable battery industry. The country is Africa’s largest lithium producer and has one of the world’s largest reserves, according to the US Geological Survey (USGS). Zimbabwe already banned the export of lithium ore in 2022 and last year announced it would halt exports of lithium concentrates from January next year. However, on Wednesday it imposed the ban with immediate effect, leaving unclear what the lithium mining sector would do in the