E.SUN FHC Completes Green Energy Wheeling

A Milestone Closer to 100% Renewable Energy

TAIPEI, Taiwan--(BUSINESS WIRE)--As a response to the nation’s net-zero carbon emissions goals, E.SUN FHC has voiced its commitment to use 100% renewable energy by 2030. To achieve this goal, the company will increase its green energy usage by 10% each year. By building solar power equipment and purchasing green energy, the first green energy wheeling project was completed in 2021. The annual energy production of solar power projects that have already completed energy wheeling has reached 4.25 million kWh or 10% of the annual power consumption. E.SUN’s model zero-carbon Chiayi Branch and the soon-to-open second headquarters building will be the first to start using green energy.

Chairman Joseph N. C. Huang (黃男州) of E.SUN Commercial Bank stated that E.SUN started planning its green energy procurement since the beginning of 2020. E.SUN conducted analyses and discussions with external energy providers on its energy usage to find the most suitable energy generation methods and locations for its energy projects. After multiple meetings, and signing power purchase agreements, the projects were reviewed and approved by Taiwan Power Company, the Bureau of Energy, MEA, local governments, and the Bureau of Standards, Metrology and Inspection, MOEA. Finally, the first green energy wheeling project was completed in December 2021.

Furthermore, the solar power project in Chiayi is expected to begin green energy wheeling in the first quarter of 2022. By then, the E.SUN headquarters building, along with eight other branches, will have started using green energy, which will account for 8% of E.SUN’s total power consumption. This energy in addition to the green energy that has been wheeled accounts for 18% of the company’s annual power consumption.

E.SUN has implemented energy-saving measures including building solar power generation equipment, and signing power purchase agreements to lower its carbon emissions,. Since 2017, solar power panels have been installed on the rooftops of some of the company’s branches. By 2021, 20 branches have installed solar power panels, reaching a total installed capacity of 159 kW, and generating approximately 220,000 kWh of power per year.

E.SUN has proactively created a sustainable operating environment through green buildings, solar-powered branches, and green energy procurement. E.SUN has shown its determination to use 100% green energy by 2030 and become a “Net-zero Bank” by 2050.