SinoPac’s Solar Power Financing Ranks No1 in Taiwan with Loan Outstanding Exceeded NTD 80 Billion
[May 2nd, 2023, Taipei] Bank SinoPac assists in reaching the target of 2025 Solar Power 20 GW (Gigawatt; million watt) policy, with financing balance leading the market. Bank SinoPac indicated by the first quarter of 2023, its solar power financing balance was NTD 88.7 billion, and with installed capacity at 3 GW, the capacity installed exceeded that of a nuclear power plant [1]. In addition to green energy, Bank SinoPac cooperated with Fusheng Group and the British Standards Institute (BSI) [2] to implement the greenhouse gas emission inventory of contracted manufacturers, and to jointly promote the net-zero emission transition in the supply chain. It will continue to play a key role in the green energy leadership in the future.
Promoting greenhouse gas emission inventory to create a better life
In order to help enterprise raise their international competitiveness, Bank SinoPac indicated that it established an internal net-zero team in 2022, to better lay out the tools needed and to conduct the practices of greenhouse gas emission inventory, carbon footprint standardsand verification, carbon credit, cap and trade and related matters. At the same time, it also cooperated with Fusheng Group and BSI in greenhouse gas emission inventory to reduce carbon emission in the supply chain's offices and contracted factories, as well as indirect gas emissions in form of energy use,by the suggestion of setting up energy management system, optimizing the process, building insulation, overall carbon reduction planning and purchasing certificates.
One-stop financial services to accelerate progress towards sustainability
Bank SinoPac provides enterprises exclusive offers relating to the construction of energy management systems and assists in applying for smart machinery investment deductions [3], as well as the construction of power plants, the business dealings of green energy and sustainable development loans / green deposit, etc., adopting one-stop financial services to help enterprises implement carbon management and optimization. This enhances the overall value of the industrial chain and accelerates it towards attaining the goal of net-zero emission.
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[1] Source: Taiwan Electric Power Company. In the case of the third nuclear power plant, the total installed capacity is 1,902 MW (Megawatt), or 1.9 GW (Gigawatt).
[2] British Standards Institution.
[3] Source: Ministry of Economic Affairs - Smart Machinery & 5G Information and Security Risks Project.
Image: Bank SinoPac indicated as of the first quarter of 2023, its solar power financing balance was NTD 88.7 billion, which ranks first in the market. Along with the Fusheng Group and British Standards Institute (BSI), Bank SinoPac joitnly implemented the greenhouse gas emission inventory of contracted manufacturers, and assists in the supply chain's net-zero emission transition. It will continue to play a key role in green energy leadership in the future.