TECO Forays Into Solar-Plus-Storage via 100% Acquisition of Taipeng Energy
TECO
Electric & Machinery Co., Ltd. signed a contract with Shine Energy Co.,
Ltd. today (Jan. 16), according to which the former's subsidiary Anneng Green
Energy Co., Ltd. will make 100% acquisition of the latter's subsidiary Taipeng
Energy Co., Ltd., marking further inroads of TECO Group into the realm of green
power.
Sophia
Chiu, TECO chairperson, pointed out that the takeover will enable TECO to step
into the investment and installation of PV power facilities, which, along with
the company's existing energy storage and management systems, will pave the way
for the company to foray into the huge market of power operation. She noted
that given the market trend of solar-plus-storage in the wake of power market
liberation, TECO will gradually develop capability in energy management, such
as power-plant management and power maneuvering, at a significant scale.
Taipeng
Energy, the takeover target, has installed PV power facilities totaling 2 MW in
capacity, with several projects underway, including rooftop PV power devices in
Taichung City, police station rooftop PV power facility in Kaohsiung City, and
campus rooftop PV power facility in Penghu. The company expects to boost the
accumulated capacity of its PV power facilities to 10-15 MW by the end of 2023,
according to Hsu Chia-nan, chairman of Shine Energy Co., Ltd. , adding that the
company may further expand its collaboration with TECO in renewable energy in
the future.
In
line with its 10-year target of halving its emission by 2030, TECO has spared
no effort in expanding its presence in the green power market in recent years,
such as installation of rooftop PV facilities for all of its Asian factories,
securing of the turnkey project of 60 MW energy storage system of state-run
Taiwan Power Company in Lungtan, Taoyuan City, and development of such key
power equipment as high-voltage gas insulated switchgear and digital grid.
The
takeover Taipeng Energy will enable TECO to expand the scale of the PV power
facilities under its management, serving as the field for the verification of
the PV products it develops and augmenting its capabilities in energy storage
and management, as well as power-plant management and operation, according to
TECO.
Since
its inception 10 years ago, Shine Energy Co., Ltd. has installed PV power
facilities spanning 100,000 pings (1 ping equals 3.3 square meter) in space, a
brilliant track record which has won its such honors as excellent PV power facility
operator in Taichung City and designated PV facility supplier by Kaohsiung City
Police Bureau, as well as a designed rooftop PV power facilities supplier for
the buildings of central government agencies in Hualien County