Environmental Sustainability
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Renewable energy
Global warming has caused a variety of extreme weather. To prevent severely irreversible disasters brought by climate change, FPG upholds the spirit to take from society and give back to society, and has spared no effort in fulfilling its corporate social responsibility by continuing to promote energy conservation and carbon reduction. Especially in 2022, we have exerted every effort in promoting ESG, so as to mitigate the impact of greenhouse gas on global warming.
FPG's efforts in ESG, such as the use of renewable energy is mainly reflected in the adopting of solar power, wind power, and hydroelectric power.
Furthermore, we considered the fact that the time renewable energy is generated cannot 100% match peak demand on electricity, and that electricity generation by renewable energy is relatively unstable. Thus, if energy storage equipment can be used to support renewable energy, it will be able to ensure more stable power supply. -
Solar power
First, FPG has begun installing solar panels since 2013, and had installed a total of 4,196 kW as of the end of 2021, reducing carbon emissions by 2,682 tons each year. We conducted a comprehensive review of factory rooftops, dormitory rooftops, parking lots, and land subsidence areas outside complexes that cannot be used for agriculture and decided that steel roofs, RC roofs, and ground areas are suitable for installing solar panels. The subsidiary Nan Ya Photonics Inc. was responsible for preliminary planning, and we began working with turn-key service providers in Taiwan to accelerate planning and installation. We expect total installed capacity to reach 106 MW and reduce carbon emissions by approximately 121,471 per year.
Installed capacity is expected to reach
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MW
The expected CO2 emission reduction is approximately
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tons
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Wind power
To support the government's "Industry Relevance Plan for Offshore Wind Power Zonal Development," as well as the 29 key development items for localization of wind turbine component production, the subsidiary Formosa Heavy Industries Corporation developed monopile and jacket-type foundations for offshore wind turbines, and provide even more technical support for the development of offshore wind power turbines. Furthermore,we are currently replacing old onshore wind turbines in Mailiao. Total electricity generation before replacement reached 6.86 million kWh and reduced CO2 emissions by 3,492 tons as of 2021. The three new 4.2 MW units are expected to generated 41 million kWh per year, and reduce CO2 emissions by approximately 21,853 tons. The new units have passed the environmental impact assessment and are currently under construction; operation is scheduled to begin in January 2024. We are actively constructing six 4.2 MW wind turbine units onshoreat the northwest embankment of Mailiao Industrial Complex, in order to fully utilize wind power along the west coast of Taiwan, creating and utilizing even more renewable energy.
Expected to be generated per year
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million kWh
The expected CO2 emission reduction is approximately
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tons
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Hydroelectric power
Lastly is the development of hydroelectric power. Taiwan has steep terrain and abundant rainwater; therefore, hydroelectric power is a non-exhaustive renewable energy source. In order to properly utilize the water resource cyclically, Chianan Industrial Co., Ltd., a joint venture of Formosa Chemicals & Fibre Corporation and Chia-Nan Irrigation Association, constructed three hydroelectric power plants in Tainan City, including 8.8 MW in Wushantou, 2.2 MW in Batian, and 11.3 MW in Xikou, which generated a total of 43.445 million kWh and reduced CO2 emissions by 21,809 tons in 2021.
Generated in 2021
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million kWh
CO2 emission reduction
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tons
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Energy storage system
Energy storage systems are like reservoirs of electric power, and provide a regulating function to maintain stable supply. It plays a key role in improving the efficiency of energy use, and can be used in community buildings, office buildings, and factories, storing electricity during the off-peak period for use during the peak period, preventing power outage during the peak period while meeting needs of different fields.
FPG expanded to the installation of large energy storage systems in 2020, and jointly established Taiwan Power Company Changbin Energy Storage Cabinet (1.5 MW) with the Industrial Technology Research Institute. FPG completed an energy storage cabinet (1.2 MW) for the Changhua Plant of Formosa Biomedical Technology Corp. in April 2022. Formosa Smart Energy Tech Corp. will establish energy storage cabinets in various sites in cooperation with Skwentex International Corp., which will have a total of 30 MW and is expected to be completed in 2023.