Singapore-based renewable energy firm, Vena Energy, has begun the operation of Taiwan’s largest 272 MW E2 Solar Project. It is one of the firm’s largest operating projects as well.
Spread on 226 hectares, the E2 Solar Project features 680,000 solar photovoltaic panels with an installed capacity of 272 MW, which can generate around 400 million kWh annually. This is equivalent to the annual electricity requirements of more than 90,000 Taiwanese households, which is up to four per cent of Taiwan’s total solar energy output, thus making it a major contributor to Taiwan’s transition to green energy.
Speaking at the inauguration ceremony of the E2 Solar Project, President Tsai Ing-wen said, “Vena Energy’s 272 MW E2 Solar Project symbolizes a new milestone in Taiwan’s green energy transformation as we strive towards achieving net zero emissions by 2050. The aim of achieving net-zero carbon emissions by 2050 is a shared global and national goal. The upcoming implementation of Taiwan’s carbon tax in November represents a significant step forward. The government plans to promote 100% green electricity gradually, with an estimated turnover of up to 5 trillion. Currently, 25 companies have joined RE100, and several hundred companies have expressed interest in adopting green electricity, which will have a ripple effect on the entire energy industry. With a trillion-dollar investment, Taiwan will generate new opportunities for industrial employment by prioritizing net-zero and low-carbon development. Therefore, it is crucial to prioritize renewable energy development.”
Nitin Apte, CEO of Vena Energy, said, “Taiwan is a key strategic market in the Asia-Pacific region, and Vena Energy is proud to share the responsibility and make our contribution to achieve the net-zero carbon emissions target by 2050. Since 2015, we have successfully commissioned and operated seven solar photovoltaic projects totalling 412 MW, and we are delighted to see Taiwan steadily moving towards the transformation of its energy sector. We look forward to working closely with industry partners, government agencies, academia, and the host communities in Taiwan to further develop renewable energy projects such as the E2 Solar Project and contribute positively to its energy transition.”
Besides this project, the firm has also built first large-scale solar farm in South Australia and the first big battery built in Queensland.