Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), the world’s largest contract chipmaker, has bought almost all green power produced and traded by certified enterprises in the country, the Bureau of Standards, Metrology and Inspection said yesterday.
To promote renewable energy development, the bureau established the National Renewable Energy Certification Center in 2017.
The bureau issued its first certificate in May 2017 and as of this month, it had issued 1.06 million certificates to enterprise power producers, enabling them to trade their power on a green energy transaction mechanism, which was inaugurated in 2020, or retain the electricity for self-use.
The 1.06 million certificates were issued for the production of 1.06 billion kilowatt-hours of electricity via renewable sources, cutting carbon emissions by 534,000 tonnes, the bureau said.
About 910,000 certificates have been traded on the transaction platform as of this month, with TSMC purchasing almost 900,000 certificates.
As for the remaining 150,000 certificates, the green power produced was for self-use, with TSMC also securing more than 7,100 certificates for green power which it generated for its own use.
Local enterprises like TSMC are keen to utilize green power as they incorporate environmental, social and governance (ESG) concepts into their core business operations.
The platform has encouraged many enterprises in a wide range of industries, such as energy, electronics, financial and biotech, to produce green power to transact or for self-use, a move that should raise the amount of green power used to generate electricity, the bureau said.
Some commercial buildings have also started producing green power by installing solar panels on their roofs, it added.
In addition to its large purchase of green power in Taiwan, TSMC has sold “green bonds” on the local market.
Green bonds, promoted by Taiwan’s capital markets and financial authorities, are aimed at encouraging companies to act in an environmentally responsible way, with the proceeds going to eco-friendly projects, said the Taipei Exchange (TPEx), which runs the local bond market.
Data compiled by the TPEx showed that TSMC has issued five tranches of green bonds in Taiwan, with an outstanding value of NT$17.4 billion (US$624 million).
HORMUZ ISSUE: The US president said he expected crude prices to drop at the end of the war, which he called a ‘minor excursion’ that could continue ‘for a little while’ The United Arab Emirates (UAE) and Kuwait started reducing oil production, as the near-closure of the crucial Strait of Hormuz ripples through energy markets and affects global supply. Abu Dhabi National Oil Co (ADNOC) is “managing offshore production levels to address storage requirements,” the company said in a statement, without giving details. Kuwait Petroleum Corp said it was lowering production at its oil fields and refineries after “Iranian threats against safe passage of ships through the Strait of Hormuz.” The war in the Middle East has all but closed Hormuz, the narrow waterway linking the Persian Gulf to the open seas,
Apple Inc increased iPhone production in India by about 53 percent last year and now makes a quarter of its marquee devices there, reflecting the US company’s efforts to avoid tariffs on China. The company assembled about 55 million iPhones in India last year, up from 36 million a year earlier, people familiar with the matter said, asking not to be named because the numbers aren’t public. Apple makes about 220 million to 230 million iPhones a year globally, with India’s share of the total increasing rapidly. Apple has accelerated its expansion in the world’s most populous country in recent years, bolstered
HEADWINDS: The company said it expects its computer business, as well as consumer electronics and communications segments to see revenue declines due to seasonality Pegatron Corp (和碩) yesterday said it aims to grow its artificial intelligence (AI) server revenue more than 10-fold this year from last year, driven by orders from neocloud solutions clients and large cloud service providers. The electronics manufacturing service provider said AI server revenue growth would be driven primarily by the Nvidia Corp GB300 server platform. Server shipments are expected to increase each quarter this year, with the second half likely to outperform the first half, it said. The AI server market is expected to broaden this year as more inference applications emerge, which would drive demand for system-on-chip, application-specific integrated circuits
PROJECTION: TSMC said it expects strong growth this year, with revenue in US dollars projected to grow by about 30 percent, outperforming the industry Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday reported consolidated sales last month reached NT$317.66 billion (US$9.98 billion), the highest ever for the month of February, driven by robust demand for chips built using the company’s advanced 3-nanometer (3nm) process. Last month’s figure was up 22.2 percent from a year earlier, but fell 20.8 percent from January, the world’s largest contract chipmaker said in a statement. For the first two months of the year, TSMC posted cumulative sales of NT$718.91 billion, up 29.9 percent from a year earlier. Analysts attributed the growth to sustained global demand for artificial intelligence (AI) products
RSS