Cathay Life actively assesses investment opportunities in Taiwan's renewable energy sector, focuses on solar energy as the core aspect in green power development, and continues to accumulate power generation assets via investments, joint ventures, as well as establishing a solar power plant subsidiary.
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The actual investment amount totaled NT$4.07 billion, with installed capacity with grid connection of 329.7 MW②
Cathay Life became the first domestic life insurance company to establish a solar power plant subsidiary①
Participate in renewable energy development opportunities
Optimistic about opportunities in energy transition policies, Cathay Life has also leveraged its years of experience in solar energy industry development, vertically integrating resources and forming professional management teams. In 2022, we proactively engaged in the merger and capital increase of Cathay Power, and increased our shares of Cathay Power to 70%, thus becoming the first life insurance company in Taiwan to establish a solar power plant subsidiary.We hope that, in addition to responding to the government's energy transition policy, we can also play a key role in reducing the gap between supply and demand of renewable energy, thus helping more Taiwanese companies obtain green power.
Focus story
As of 2022, the actual investment amount totaled NT$4.07 billion, with installed capacity with grid connection of 329.7MW
