{"id":795667,"date":"2024-12-18T06:34:06","date_gmt":"2024-12-18T11:34:06","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/umc-signs-30-year-30-billion-kwh-offshore-wind-power-agreement-with-cips-fengmiao-i-offshore-wind-farm\/"},"modified":"2024-12-18T06:34:06","modified_gmt":"2024-12-18T11:34:06","slug":"umc-signs-30-year-30-billion-kwh-offshore-wind-power-agreement-with-cips-fengmiao-i-offshore-wind-farm","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/umc-signs-30-year-30-billion-kwh-offshore-wind-power-agreement-with-cips-fengmiao-i-offshore-wind-farm\/","title":{"rendered":"UMC Signs 30-Year, 30 Billion kWh Offshore Wind Power Agreement with CIP\u2019s Fengmiao I Offshore Wind Farm"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }\n.bwuline { text-decoration: underline }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>UMC Signs 30-Year, 30 Billion kWh Offshore Wind Power Agreement with CIP\u2019s Fengmiao I Offshore Wind Farm<\/b><\/p>\n<p>HSINCHU, Taiwan&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nUnited Microelectronics Corporation (NYSE: UMC; TWSE: 2303)(\u201cUMC\u201d), today announced the signing of a Corporate Power Purchase Agreement (CPPA) with Fengmiao I Offshore Wind Farm (\u201cFengmiao I\u201d), developed by Copenhagen Infrastructure Partners\u2019 (\u201cCIP\u201d) flagship fund, CI V. UMC will purchase more than 30 billion kilowatt-hours of power from Fengmiao I over least 30 years, marking the largest renewable energy transaction in UMC\u2019s history. This agreement will help UMC achieve its goal of 50% renewable energy use by 2030 as part of the company\u2019s roadmap to net zero emissions and 100% renewable energy by 2050.<\/p>\n<p id=\"news-body-cta\">This press release features multimedia. View the full release here: <a href=\"https:\/\/www.businesswire.com\/news\/home\/20241218499375\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20241218499375\/en\/<\/a><\/p>\n<div id=\"bwbodyimg\" style=\"width: 480px;float:left;padding-left:0px;padding-right:20px;padding-top:0px;padding-bottom:0px\"><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20241218499375\/en\/2335443\/4\/CIP.jpg\" alt=\"UMC signed a Corporate Power Purchase Agreement with CIP\u2019s Fengmiao I Offshore Wind Farm, which will contribute to the company\u2018s goal of net zero emissions and 100% renewable energy by 2050. (From left) UMC Senior Division Director Andy Lin, UMC Associate Vice President Po Wen Wu, UMC Vice President Linwu Kuo, UMC Vice President TS Wu, CIP Partner and Chairman of Fengmiao Offshore Wind Farm Thomas Wibe Poulsen, CIP Regional Managing Director Marina Hsu, CEO of CIP Taiwan Round 3 Projects Thomas Correll, Project CEO of Fengmiao I Wind Farm Joris Hol. (Photo: Business Wire)\" \/><\/p>\n<p style=\"font-size:85%\">UMC signed a Corporate Power Purchase Agreement with CIP\u2019s Fengmiao I Offshore Wind Farm, which will contribute to the company\u2018s goal of net zero emissions and 100% renewable energy by 2050. (From left) UMC Senior Division Director Andy Lin, UMC Associate Vice President Po Wen Wu, UMC Vice President Linwu Kuo, UMC Vice President TS Wu, CIP Partner and Chairman of Fengmiao Offshore Wind Farm Thomas Wibe Poulsen, CIP Regional Managing Director Marina Hsu, CEO of CIP Taiwan Round 3 Projects Thomas Correll, Project CEO of Fengmiao I Wind Farm Joris Hol. (Photo: Business Wire)<\/p>\n<\/div>\n<p>\nTS Wu, Vice President of UMC, said, &#8220;UMC is pleased to sign this landmark power purchase agreement with CIP\u2019s Fengmiao I, marking UMC\u2019s largest renewable energy deal to date and a significant milestone in our net zero journey. This agreement demonstrates our commitment to sustainable development to our stakeholders, and also contributes to UMC\u2019s carbon reduction goals and ESG vision. As a responsible corporate citizen, UMC actively works on cutting emissions and energy consumption by installing high efficiency greenhouse gas abatement equipment and improving the energy efficiency of our manufacturing processes. At the same time, we will continue to expand renewable energy use as we advance towards our 2050 net zero goal.\u201d<\/p>\n<p>\nThomas Wibe Poulsen, APAC Regional Partner for CIP\u2019s Flagship Funds and Chairman of Fengmiao Offshore Wind Farm, said, \u201cThe decision of UMC, a leading global semiconductor company, to cooperate with Fengmiao I underscores the market\u2019s high confidence in CIP\u2019s technical and financial capability to deliver offshore wind projects.\u201d<\/p>\n<p>\nUMC follows its net zero roadmap, defined by science-based targets, by taking three key actions: persistent and proactive carbon emission reduction, 100% renewable energy usage, and investment in net- zero technologies. In 2023, UMC Group achieved a 26% reduction in scope 1 and scope 2 greenhouse gas emissions from 2020 base levels, reaching its 2030 target ahead of schedule. Therefore, UMC has revised its original 2030 target of 25% reduction to a more ambitious 42% reduction goal to accelerate the pace of its net zero transition.<\/p>\n<p><b>About UMC<br \/>\n<br \/><\/b>UMC (NYSE: UMC, TWSE: 2303) is a leading global semiconductor foundry company. The company provides high-quality IC fabrication services, focusing on logic and various specialty technologies to serve all major sectors of the electronics industry. UMC\u2019s comprehensive IC processing technologies and manufacturing solutions include Logic\/Mixed-Signal, embedded High-Voltage, embedded Non-Volatile-Memory, RFSOI, BCD etc. Most of UMC&#8217;s 12-in and 8-in fabs with its core R&amp;D are located in Taiwan, with additional ones throughout Asia. UMC has a total of 12 fabs in production with combined capacity of more than 400,000 wafers per month (12-in equivalent), and all of them are certified with IATF 16949 automotive quality standard. UMC is headquartered in Hsinchu, Taiwan, plus local offices in United States, Europe, China, Japan, Korea &amp; Singapore, with a worldwide total of 20,000 employees. For more information, please visit: <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.umc.com&amp;esheet=54168494&amp;newsitemid=20241218499375&amp;lan=en-US&amp;anchor=http%3A%2F%2Fwww.umc.com&amp;index=1&amp;md5=f7c25ccb9163d3f261d08b29298ed309\">http:\/\/www.umc.com<\/a>.<\/p>\n<p><b>Note from UMC Concerning Forward-Looking Statements<br \/>\n<br \/><\/b>Some of the statements in the foregoing announcement are forward-looking within the meaning of the U.S. Federal Securities laws, including statements about introduction of new services and technologies, future outsourcing, competition, wafer capacity, business relationships and market conditions. Investors are cautioned that actual events and results could differ materially from these statements as a result of a variety of factors, including conditions in the overall semiconductor market and economy; acceptance and demand for products from UMC; and technological and development risks. Further information regarding these and other risks is included in UMC\u2019s filings with the U.S. Securities and Exchange Commission. UMC does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law.<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20241218499375r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20241218499375\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20241218499375\/en\/<\/a><\/span><\/p>\n<p><span class=\"bwuline\">Media<br \/>\n<\/span><br \/>UMC Corporate Communications<br \/>\n<br \/>Michelle Yun<br \/>\n<br \/>886-3-578-2258 x16951<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:michelle_yun@umc.com\">michelle_yun@umc.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> Taiwan Asia Pacific<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Semiconductor Electronic Design Automation Mobile\/Wireless Technology Telecommunications<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20241218499375\/en\/2335378\/3\/UMC_logo-CMYK.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Photo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20241218499375\/en\/2335443\/3\/CIP.jpg\" alt=\"Photo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\">UMC signed a Corporate Power Purchase Agreement with CIP\u2019s Fengmiao I Offshore Wind Farm, which will contribute to the company\u2018s goal of net zero emissions and 100% renewable energy by 2050. (From left) UMC Senior Division Director Andy Lin, UMC Associate Vice President Po Wen Wu, UMC Vice President Linwu Kuo, UMC Vice President TS Wu, CIP Partner and Chairman of Fengmiao Offshore Wind Farm Thomas Wibe Poulsen, CIP Regional Managing Director Marina Hsu, CEO of CIP Taiwan Round 3 Projects Thomas Correll, Project CEO of Fengmiao I Wind Farm Joris Hol. (Photo: Business Wire)<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>UMC Signs 30-Year, 30 Billion kWh Offshore Wind Power Agreement with CIP\u2019s Fengmiao I Offshore Wind Farm HSINCHU, Taiwan&#8211;(BUSINESS WIRE)&#8211; United Microelectronics Corporation (NYSE: UMC; TWSE: 2303)(\u201cUMC\u201d), today announced the signing of a Corporate Power Purchase Agreement (CPPA) with Fengmiao I Offshore Wind Farm (\u201cFengmiao I\u201d), developed by Copenhagen Infrastructure Partners\u2019 (\u201cCIP\u201d) flagship fund, CI V. UMC will purchase more than 30 billion kilowatt-hours of power from Fengmiao I over least 30 years, marking the largest renewable energy transaction in UMC\u2019s history. This agreement will help UMC achieve its goal of 50% renewable energy use by 2030 as part of the company\u2019s roadmap to net zero emissions and 100% renewable energy by 2050. This press release features multimedia. View the &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/umc-signs-30-year-30-billion-kwh-offshore-wind-power-agreement-with-cips-fengmiao-i-offshore-wind-farm\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;UMC Signs 30-Year, 30 Billion kWh Offshore Wind Power Agreement with CIP\u2019s Fengmiao I Offshore Wind Farm&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-795667","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>UMC Signs 30-Year, 30 Billion kWh Offshore Wind Power Agreement with CIP\u2019s Fengmiao I Offshore Wind Farm - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/umc-signs-30-year-30-billion-kwh-offshore-wind-power-agreement-with-cips-fengmiao-i-offshore-wind-farm\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"UMC Signs 30-Year, 30 Billion kWh Offshore Wind Power Agreement with CIP\u2019s Fengmiao I Offshore Wind Farm - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"UMC Signs 30-Year, 30 Billion kWh Offshore Wind Power Agreement with CIP\u2019s Fengmiao I Offshore Wind Farm HSINCHU, Taiwan&#8211;(BUSINESS WIRE)&#8211; United Microelectronics Corporation (NYSE: UMC; TWSE: 2303)(\u201cUMC\u201d), today announced the signing of a Corporate Power Purchase Agreement (CPPA) with Fengmiao I Offshore Wind Farm (\u201cFengmiao I\u201d), developed by Copenhagen Infrastructure Partners\u2019 (\u201cCIP\u201d) flagship fund, CI V. UMC will purchase more than 30 billion kilowatt-hours of power from Fengmiao I over least 30 years, marking the largest renewable energy transaction in UMC\u2019s history. This agreement will help UMC achieve its goal of 50% renewable energy use by 2030 as part of the company\u2019s roadmap to net zero emissions and 100% renewable energy by 2050. This press release features multimedia. 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UMC will purchase more than 30 billion kilowatt-hours of power from Fengmiao I over least 30 years, marking the largest renewable energy transaction in UMC\u2019s history. This agreement will help UMC achieve its goal of 50% renewable energy use by 2030 as part of the company\u2019s roadmap to net zero emissions and 100% renewable energy by 2050. This press release features multimedia. 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