Formosa Solar Renewable Power Co., Ltd.

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Message from our CEO

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Message from our CEO

The shortage of Russian crude oil and natural gas supplies has caused volatility in the energy markets since the Russia-Ukraine War started. Although concerned that the war may force many countries to push back their carbon reduction schedules, international organizations are optimistic about the war weaning countries off fossil fuels. Meanwhile, in the domestic market, the government has decided to implement a large increase in electricity prices, signaling the arrival of much more expensive electricity. Constantly changing energy markets at home and abroad are creating severe challenges in the energy sector; however, the Taiwanese government is fully committed to carbon reduction. The National Development Council announced Taiwan's Pathway to Net-Zero Emissions in 2050 at the beginning of this year, which sets twelve key strategies and a budget of NT$900 billion. I have only been in this business for two short years, but the ups and downs of the green industry have taught me a lot. Nevertheless, I have confidence that Taiwan will eventually move toward clean energies. Success on this road will depend on the joint efforts of the government, businesses, and the public.

Formosa Solar Renewable Power opened its doors in 2016. Its power plants have generated 610 GWh in output up to the middle of 2022. Formosa Solar is one of the leading power suppliers in Taiwan. In particular, the company has been expanding over the last two years while building and growing its maintenance, construction, and business development teams. Our goal is always to invest and grow in Taiwan in order to achieve sustainability. In addition, corporate governance is one of our top pursuits. We are committed to having compliance and relevant departments that enforce anti-bribery and anti-corruption policies. Internal and external compliance can ensure that both the company and our employees are able to uphold the law and maintain transparency in an anxiety- and fear-free work environment. Formosa Solar is proud to have won the 19th National Brand Yushan Award and the 17th Golden Torch Award this year. These awards reflect our hard work and commitment to the well-being of the local community. As the CEO, I would like to thank the judges and everyone on our team for their support and efforts. Furthermore, these awards remind us that we must continue to work with the land in a mutually beneficial relationship and help Taiwan adopt green energies.

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In the recent two years, Formosa Solar has made an important transformation. We progressively adjusted and built up our team with expertise including the business development team, engineering and design team, project management team, and operation and maintenance team. Furthermore, with the support of the Partners Group’s global resources, we strengthened our technical capabilities in the areas of financial and asset management. In the area of corporate governance and compliance, we seek to be the leader within the industry. In addition to strengthening our work place safety management, we have also built a more comprehensive and effective occupational health and safety (OH&S) management team to provide guidance for all employees and contractors working on Formosa Solar project sites. Through thoughtful care, reasonable audits, and setting a good example, we aim to enhance the overall level of professionalism of the energy industry as a whole.

Business targets are just one part of the mission of a CEO. Leading the company to engage in social participation, environmental protection, and cultural issues more important tasks in CSR. We wholeheartedly hope that all employees, partners, suppliers, and contractors of Formosa Solar can work together to upgrade this industry. We further hope that employees of Formosa Solar can share their steadfastness and happiness with family and friends, thereby making Formosa Solar a respected and admired company!

CEO of Formosa Solarsign 2022/7/25
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