- Vena Energy has brought online its largest operational project with 272 MW capacity in Taiwan
- The project is equipped with 680,000 solar panels that can generate around 400 million kWh annually
- It is expected to contribute up to 45 of the nation’s total annual solar energy output
Singapore headquartered renewable energy company Vena Energy has commissioned a 272 MW solar power plant calling it the largest renewable energy project in Taiwan with capacity to contribute up to 4% of the country’s total solar energy output annually.
The E2 Solar Project is located on 226 hectares of reclaimed land and is equipped with 680,000 solar panels. Vena Energy expects it to generate around 400 million kWh annually, enough to suffice annual electricity requirements of more than 90,000 Taiwanese households.
It also happens to be the company’s largest operational project to date.
Calling Taiwan a key strategic market for the company in Asia-Pacific region, Vena Energy’s CEO Nitin Apte said it will further develop renewable energy projects in the country. Currently, it has 412 MW of solar energy capacity commissioned in Taiwan in the form of 7 projects.
Taiwan aims to become a net zero emissions economy by 2050. It plans to promote 100% green electricity gradually with an estimated turnover of up to 5 trillion. A lot of its renewable energy capacity is expected to come from the private sector as a lot of companies have joined RE100.
Earlier, a Fitch Solutions report said Taiwan is likely to add 20.4 GW of new renewables capacity between 2020-end and 2030, led primarily by solar and offshore wind (see 20.4 GW RE Addition Expected In Taiwan By 2030).
