Solar power supplier Grinnodot Inc (綠點能創) and AU Optronics Corp (AUO, 友達光電) have formed a partnership to speed up solar power installations in Taiwan, addressing the fast-growing demand for green energy.
The collaboration came after Grinnodot in September last year secured a license to retail renewable energy, making it an alternative to state-run Taiwan Power Co (台電) for electricity supply for households and enterprises, the companies said in a joint statement yesterday.
In the initial stage, AUO is to build rooftop solar systems with annual installed capacity of 10 megawatts (MW), mostly for households and individual investors, according to the statement.
Photo courtesy of AU Optronics Corp
Grinnodot builds solar power plants and trades green energy via a platform, called Sunnyfounder, to the public.
The scale should increase over time as Grinnodot also targets local businesses to sell green energy, it said.
AUO is to help build and install solar panels on the roofs of factories and buildings in Taichung.
The project, called “Sun Cake No. 35,” was sold out soon after the project was put on the platform yesterday.
Each solar panel is priced at NT$18,150, with a return set at 6 percent over a 20-year period.
About 249 investors have joined the project, Grinnodot said.
Grinnodot started as a small green energy supplier to households and individual investors, but it is expanding to provide green energy to local enterprises that value environmental sustainability, chief executive officer Edison Feng (馮嘯儒) said.
The alliance with AUO should help the company achieve that goal, Feng said.
AUO provides total solar power solutions from solar modules to power plant construction and maintenance services.
Over the past four years, Grinnodot has built solar panels with installed capacity totaling 15MW, the statement said.
About 50,000 investors have subscribed to solar energy, it said.
Heavy power users are required to derive 10 percent of their power consumption from green energy, according to new rules announced by the Ministry of Economic Affairs early this year.
Those users have to complete installations of green energy facilities by 2025, or acquire green energy certificates, the ministry said.
After several years flying high as Asia’s best Nvidia Corp proxy, Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) is increasingly vying with other artificial intelligence (AI) stocks for investor attention. Stock traders are chasing a wider array of beneficiaries as mainstream usage of AI creates demand for hardware beyond the most-advanced chips TSMC makes for Nvidia. Subthemes from the deepening memory crunch to advances in robotics are also luring bids. At the same time, investment caps on single stocks are pushing funds to diversify, while retail investors long familiar with TSMC through its US depositary receipts are being offered a broader set of
Netherlands-based semiconductor equipment supplier ASML Holding NV yesterday said that it is planning to hire an additional 1,000 people in Taiwan this year in response to growing demand from clients. ASML had previously planned to recruit 600 people this year, but that the plan has been adjusted upward, ASML vice president and ASML Taiwan general manager Grace Wang (汪佳慧) told reporters. ASML has a workforce of more than 4,500 in Taiwan, accounting for about 10 percent of its global total, Wang said. This year’s recruitment campaign would focus on adding people in the customer support, manufacturing and supply chain domains to assist ASML
UNDER MICROSCOPE: Taiwan detained three people who allegedly conspired to buy servers in Taiwan and export them using fraudulent documentation, prosecutors said Nvidia Corp chief executive officer Jensen Huang (黃仁勳) on Saturday urged Super Micro Computer Inc to tighten up on compliance after Taiwan detained three people this week for allegedly making fraudulent declarations about artificial intelligence (AI) servers made by its US partner. The development marked the nation’s first crackdown on semiconductor smuggling, which grew after the US slapped restrictions on exports of high-end chips such as Nvidia AI accelerators to China. Nvidia is “rigorous” in explaining regulations to all of its partners, Huang told reporters after arriving in Taipei. “Ultimately Super Micro has to run their own company,” he said in response to
Nvidia Corp yesterday announced that CEO Jensen Huang (黃仁勳) would attend an employee meeting in Taipei tomorrow to celebrate the launch of the company’s Taiwan headquarters project. Huang would attend a gathering at the site of Nvidia’s planned headquarters in Beitou Shilin Technology Park (北投士林科技園區), the company said in a statement. After arriving in Taiwan on Saturday last week, Huang told reporters that he plans to meet with Quanta Computer Inc (廣達) chairman Barry Lam (林百里) and Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) chairman C.C. Wei (魏哲家), and would attend the groundbreaking ceremony for Nvidia’s Taiwan headquarters tomorrow. Nvidia has not yet applied
RSS