Neo Solar Power Corporation announced that its subsidiary, General Energy Solutions will build a 40MW ground mount solar project in Taiwan ChangHua County under 100% owned SPV named “Yong Yao Energy Co. Ltd.”. Total project will be in 2 phases with phase I 15MW to be completed and on-grid by the second quarter in 2018. It is also the first and single largest 161kV Ultra-High Voltage transmission solar project in farmland no longer suitable for agriculture use in Taiwan.
Taiwan ChangHua County is one of the major offshore wind farms in the globe according to international agency’s evaluation report. Meanwhile, vast flat lands and long sunshine hours make it a potential area for developing solar power generation facilities. GES’s 40MW solar project will be located in the severe land subsidence area which is public announced by Council of Agriculture, Executive Yuan. In order to promote solar power generation and improving land utilization, Council of Agriculture has announced many farmlands no longer suitable for agriculture use in Taiwan since 2015, and amended related articles in 2017. Total public announced areas accumulated so far are 2,383 hectare, and GES has acquired the rights for 80% of the land in ChangHua areas. GES is with much confident for developing solar project in ChangHua County in near future.
This project has obtained project financing from Taishin Bank and DBS bank. Once total 40MW project goes on COD, this solar project will generate electricity for 52 million kWh per year, covering the needs of more than 14,300 families and helps to prevent 27,500 tons of CO2 emission per year. Besides, this project was designed with anti-typhoon, severe weather resistance, simple construction characteristics and has minimum environmental impact…etc. It is also expected to promote local related activities such as recreational & agricultural event combining with renewable energy, and developing low-carbon tourism business after completion of this solar project.