An unidentified semiconductor manufacturer in Taiwan has signed a long-term offsite corporate solar power purchase agreement (PPA) with Photon Taiwan Fund, paving the way for the construction of a 120 MW solar fishery project in the East Asian nation.
Focused on solar power projects in Taiwan, Photon Taiwan Fund is a joint venture (JV) between Photon Group, Toshiba Energy Systems & Solutions Corporation (Toshiba ESS), JA Mitsui Leasing and Fuyo General Lease.
The 120 MW project in Tainan is to be executed by a special purpose vehicle (SPV) launched by Photon Taiwan and local Taiwanese company Ark Solar Energy. Construction on site is already underway since August 2023 to bring it online at the end of 2024. Ark Aquaculture of Ark Solar will manage the fishery business.
Due to the lack of availability of land in Taiwan, the authorities are encouraging Solar and Fishery projects to optimize the use of available space. The aim is to promote fish farming as well green energy generation. Such projects have solar panels installed on the rooftop of the fishery infrastructure, enabling fish farming activities to continue on site.
"Furthermore, Photon and Ark have plans to construct and supply an additional 360 MW project bringing the total supply capacity of renewable energy to 480 MW," stated the partners without sharing more details.
In May 2022, British solar developer Lightsource bp ventured into the Taiwanese market with a 150 MW solar fishery project (see Lightsource BP Expands To East Asian Market).
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