Hsinchu, Taiwan, August 15, 2024 – Sustainable Energy Solution Co., Ltd. (SES), a renewable energy power retailer and subsidiary of Sino-American Silicon Products Inc. (SAS), today announced its strategic partnership with Bank SinoPac, marked by a signing ceremony for their Green Energy Electricity Trading Trust platform collaboration. This initiative introduces a tripartite trust mechanism encompassing green energy generation, sales, and procurements. By leveraging the platform’s trust management system, SES aims to enhance the security and transparency of green energy transactions while mitigating the associated risks. This streamlined approach is expected to bolster transaction efficiency, further expanding SES’s reach in the power retail sector and fostering collaborative efforts with customers towards a sustainable, net-zero future.

SAS SES chairperson Doris Hsu stated: “SES is a subsidiary of SAS dedicated to green energy development. By leveraging SAS’s extensive experience and leading position in the solar energy industry, SES is committed to providing comprehensive green services. These services include 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 ideal strategic partner for businesses to fulfill their social responsibility and capitalized on the global ESG trend. Today’s trust collaboration with Bank SinoPac will provide both green energy suppliers and consumers with more secure and guaranteed transaction services, while also integrating resources within the green energy market and contributing to its healthy development.

Bank SinoPac noted that in order to assist enterprises in their energy transition and align with the global trend towards net-zero sustainability, they have taken the lead in the industry by establishing the first Green Energy Electricity Trading Trust Platform. This Platform facilitates the trading of green electricity among upstream power generators, electricity sellers, and buyers, ensuring the security of green energy transactions through the use of dedicated trust funds.

SES emphasizes that SAS group has been deeply involved in the renewable energy industry chain for many years, achieving vertical integration. In addition to providing solar cells, modules, and other products, SAS has further expanded its operations to include power plant construction and green electricity sales. Leveraging SAS’s strong foundation in renewable energy, SES engages in green energy development and facilitates the matching of supply and demand in green electricity market. By utilizing the group’s abundant resources and experience, SES helps customers to purchase and sell diverse renewable energy and Renewable Energy Certificates(RECs). Furthermore, SES assists in the construction of renewable energy plants and provides off-site power transfer solutions. Tailoring solutions to each customer’s needs, SES provides the optimal mix of power plants and energy sources, helping enterprises plan their green energy roadmap and achieve their commitment to 100% renewable energy use. The transition to a net-zero and low-carbon economy is urgent. Utilizing renewable energy for carbon reduction is a challenging but necessary task for enterprises. SES is honored to collaborate with customers in planning green energy strategies and achieving energy transition, becoming their trusted partner on the path to net-zero emissions.