Air Liquide purchases long-term green power from Foxwell Power
To achieve carbon neutrality by 2050, Air Liquide Far Eastern Group (ALFE), a collaboration between Air Liquide and the Far Eastern New Century Group, has entered into a long-term solar power purchasing agreement with Fuwei Power today, making it the frontrunner in integrating renewable energy into Taiwan’s industrial gas sector. This agreement will aid ALFE Industrial Gases in reducing carbon emissions equivalent to about 28 Daan Forest Parks each year, marking a significant stride toward decarbonizing Taiwan’s industrial gas industry.
In alignment with the Executive Yuan’s initiative to promote innovation in the green energy technology sector, ALFE has now inked a long-term power purchase deal with Foxwell Power. This move is projected to introduce renewable energy into the gas production process by 2024, supplying greener gas to various sectors such as semiconductors, petrochemicals, steel, optoelectronics, panels, and manufacturing, thereby advancing Taiwan’s industrial decarbonization.
Olivier Letessier, the president of Air Liquide Far Eastern Group in Taiwan, emphasized that this long-term renewable energy procurement agreement is a pivotal component of Yadong’s decarbonization efforts. By building on existing innovations like optimizing process efficiency and upgrading factory facilities, ALFE can further reduce its carbon footprint, offer competitive low-carbon solutions to customers, and simultaneously contribute to Taiwan’s carbon reduction efforts. This aligns with Air Liquide’s ADVANCE strategic direction, aimed at enhancing both financial and non-financial performance.
Hu Huisen, Chairman of Foxwell Power, noted that both groups are taking tangible steps to mitigate the impact of climate change. The collaboration between these two entities holds immense significance and will expedite Taiwan’s gas industry’s transition into a new era of green energy.
Given the pressure of global net-zero commitments, carbon tariffs, the liberalization of green electricity trading, and the shortage of green electricity in the market, corporate power purchase and sale contracts (CPPAs) have gained widespread attention. Fuwei Power currently leads in the number of green power trading and transfer facilities in China. As of June this year, they have accumulated 180 million kWh of transferable solar and land-based wind power, with over 300 transfer facilities across Taiwan, primarily catering to the technology and financial industries.