Hsinchu, Taiwan, July 1, 2024 – Sustainable Energy Solution Co., Ltd. (SES), a renewable energy power retailer and subsidiary of Sino-American Silicon Products Inc.(SAS), Nanya Technology Corporation and its affiliate Formosa Advanced Technologies Co., Ltd. today (July 1) to hold a renewable energy purchase agreement signing ceremony. This collaboration is set to begin in the third quarter of 2024 and SES will start to supply Nanya Technology and Formosa Advanced Technologies with green electricity. All parties will carry out a 10-year, 400 million kWh of renewable energy purchase cooperation with SES providing green electricity to support enterprises to reduce carbon emissions, makes a significant step towards ” joint sustainability and long-term business “.

SES specializes in green energy development. By leveraging SAS’s extensive experience and leading position in the renewable energy industry, SES is committed to providing comprehensive green services, including planning and developing diverse renewable energy sources, integrating the needs of buyers and sellers, and establishing a complete green electricity procurement plan. SES is the best strategic partner for businesses to fulfill their social responsibility and seize the global ESG wave.

SES will supply nearly 400 million kWh of green power to Nanya Technology and Formosa Advanced Technologies through renewable energy bundled REC (renewable energy certificates) system and other means. This is equivalent to the annual electricity consumption of 1.33 million households, assuming an average monthly household consumption of 300 kWh. In terms of carbon reduction, the total contracted volume translates to a reduction of approximately 197,000 tons of CO2 emissions, equivalent to the annual carbon sequestration capacity of 511 Daan Forest Parks, one of the largest forest parks in Taipei. With its comprehensive green energy solutions and expertise in green electricity integration and sales, SES is collaborating with Nanya Technology and Formosa Advanced Technologies to establish an environmentally friendly operational model, further enhancing their international competitiveness.

SAS and SES Chairperson Doris Hsu stated: “SAS’s vertical integration in the solar energy industry chain extends its business from solar cells and modules to photovoltaic projects and operation and maintenance management. By establishing SES, which specializes in the sale of diverse renewable energy, SAS has gained a crucial foothold in the global trend of promoting corporate use of renewable energy, strengthening its position as a provider of green energy solutions. The global energy transition to low carbon is urgent, and decarbonization is a long-term and challenging task for enterprises. We are honored to be able to work with our customers to plan green energy and achieve energy transformation, becoming the best partner for our customers.”