Signs Renewable Energy Purchase Agreement with Winbond Electronics Corp.:

160 Million kWh of Wind and Solar Energy Annually for 30 Years, Totaling 4.8 Billion kWh

Hsinchu, Taiwan, R.O.C. – Nov. 5, 2024 – Winbond Electronics Corporation (Winbond) and Sustainable Energy Solution Co., Ltd. (SES), a renewable energy provider under Sino-American Silicon Products Group (SAS), each held board meetings today to approve a long-term renewable energy purchase agreement. Starting with the completion of the first phase of third-stage development project, SES will supply Winbond with offshore wind and solar power. This 30-year collaboration is expected to deliver approximately 4.8 billion kWh of green electricity, marking a significant milestone toward sustainability and net-zero goals for both companies. This agreement represents Taiwan’s first transaction in which offshore wind power is sold to a domestic enterprise by an energy provider. It highlights SES’s innovation and leadership in the renewable energy sector and underscores Winbond’s commitment to advancing its net-zero strategy as the first domestic company to procure offshore wind power from an energy supplier.

In recent years, Winbond has actively invested in clean energy initiatives by securing green electricity through corporate power purchase agreements with renewable energy providers, as well as by installing rooftop solar systems. This marks Winbond’s first procurement of offshore wind power, advancing its commitment to renewable energy. Additionally, Winbond promotes carbon auditing and fosters a culture of carbon reduction across the organization, encouraging employees and suppliers alike to participate in energy-saving and carbon reduction practices. These initiatives enable Winbond to pursue corporate growth while minimizing environmental impact, aligning with its sustainable development goals.

SES, a subsidiary of SAS, is dedicated to green energy development. Drawing on SAS’s expertise and leadership in the solar industry, SES provides comprehensive green energy solutions, including planning and developing diverse renewable energy sources and integrating buyer-seller needs to establish tailored green power procurement plans. This makes SES an ideal partner for companies committed to sustainable strategies. Additionally, the strong relationships SAS’s subsidiary, GlobalWafers Co., Ltd., has cultivated across the semiconductor supply chain were instrumental in facilitating this collaboration.

The partnership between Winbond and SES not only encompasses offshore wind power but also extends to solar energy supply. By leveraging a complementary mix of wind and solar power, SES will enable Winbond to meet its round-the-clock green energy needs, supplying 160 million kWh annually—enough to power over 40,000 households, based on an average annual household consumption of 3,600 kWh. This green energy procurement is anticipated to help Winbond reduce carbon emissions by approximately 80,000 metric tons annually, amounting to an estimated 2.4 million metric tons over the 30-year collaboration. This partnership marks a significant advancement in Winbond’s sustainable development and net-zero objectives.

Winbond’s Chairman, Arthur Yu-Cheng Chiao, stated: “Our collaboration with SES represents a significant milestone in Winbond’s renewable energy strategy and bolsters our commitment to sustainable development. This 30-year partnership with SES underscores Winbond’s dedication to corporate social responsibility and aligns with our commitment to achieving net-zero emissions.”

SAS and SES Chairperson, Doris Hsu, added: “SAS remains committed to expanding its renewable energy footprint, with SES playing an increasingly pivotal role in integrating green energy supply and demand. SES’s diverse renewable offerings provide flexible and efficient green power solutions that support our clients in achieving their sustainability goals and strengthen our role in Taiwan’s renewable energy market. This partnership with Winbond represents an important milestone and lays the foundation for ongoing innovation and progress.”