Located in the western part of Dacheng Township, Changhua County, the Yongyao PV Plant is planned to occupy an unfavorable breeding and farming area of 49.6995 hectares. The project site has been abandoned for many years due to subsidence and seawater intrusion. With the goal of benefiting the county, the township, and the people, and in anticipation of the county government's investment opportunities, Maiora plans to install 125,010 ground-mounted PV panels by 2022 in a phased approach, creating the first large-scale green power plant in Taiwan to use Delta's VPC-certified 1,500-volt inverters. The 15MW first phase of the PV project is expected to be grid-connected by the end of 2021, with an estimated annual capacity of 19,710,000 kWh; the second and third phases are expected to be grid-connected in the third quarter of 2022. By then, the 50MW PV plant will provide up to 42,705,000 kWh of green electricity annually, which is the annual electricity consumption of about 19,000 households. The plant is also expected to reduce 33,600 tons of carbon annually, an effect equivalent to planting 3.5 million trees.
Clay Kinney, Maiora Renewable
Energy’s partner, said: "It means a lot to the company that the financing
for the Yongyao project was secured in three months. Although it is the first
syndicated loan for Maiora in Taiwan market, the Taiwan banks quickly approved
the financing with a total amount of NT$2.495 billion, which demonstrates their
confidence and affirmation in the company. Based on the strong support from the
local supply chain, Maiora will continue to create an economic engine for local
growth with clean and green energy investments, while ensuring the quality of
construction and taking care of the environment, which will lead to better
development possibilities in the region.”
With the company’s global
investment commitment to balanced development with local communities and by
tapping into its solar development experience in Japan, Maiora has been
exploring and working on a lot of large-scale PV projects across Taiwan since
entering the market in 2019. With the start of the Yongyao PV Plant’s first
phase construction and its grid connection at the end of the year, it will not
only be an important contribution to the transformation of Taiwan's green
energy, but also bring more enterprise resources and job opportunities to local
residents through the expansion of renewable energy industry, realizing the
mutual prosperity and benefits of PV and local residents.