The companies Lightsource bp and Star Trade have signed a power purchase agreement(PPA) to supply electricity from their Budai solar power project, a 115 MWp plant located in Chiayi County, Taiwan.
The 115 MWp solar power project
The Budai development is characterized by its scale and innovative approach: integrating solar energy with aquaculture activities. This initiative seeks to demonstrate the viability of solar-fishery hybrid systems as a sustainable alternative for economic sectors in Asia-Pacific.
Star Trade, a subsidiary of HD Renewable Energy Group and one of the largest energy traders in Taiwan, will guarantee the total purchase of the energy generated by the plant. In addition, its market position allows it to distribute renewable energy to sectors such as semiconductors, manufacturing and financial services.
The project has secured financing of approximately 6 billion Taiwanese dollars, backed by a consortium of local and international banks. With an active portfolio in Australia, New Zealand and South Korea, Lightsource bp is expanding its presence in Asia-Pacific with solutions tailored to local markets.
This agreement with Star Trade strengthens our position in the evolving energy markets of Asia Pacific.
Project Budai not only seeks to drive utility-scale solar, but demonstrates how Lightsource bp leverages market intelligence and business innovation to adapt, optimize and grow.
By integrating revenue strategy and purchasing solutions from the outset, we lay the foundation for long-term resilience and drive value across the region.
Melanie Sutton, Director of Asia Pacific Energy Markets at Lightsource bp.
Partnership with Star Trade could open up new opportunities to deploy more solar installations solar installations in productive sectors, reinforcing Taiwan’s role in the transition to a low-carbon economy.
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Source and photo: Lightsource BP
