Taipei, Monday, Oct 23, 2017, 16:17

News

SAS and Cathay Life Insurance to Establish a New Solar Energy Joint Venture

By Korbin Lan
Published: Oct 03,2016

TAIPEI, Taiwan - Taiwan’s Sino-American Silicon Products Inc(SAS) handed with Cathay Life Insurance Co., Ltd., a leading brand in the life insurance market in Taiwan, to setup a new joint venture to increase the investment of solar power plants. The two said to expand capital, construction and operation of solar power stations in Taiwan.

More on This

Expedition of MIT Indie Teams to Singapore GameStart

Taipei Game Show brought 4 Taiwan indie teams to GameStart 2017 in Singapore for the 3rd time. Through meeting with and ...

North American Semiconductor Equipment Industry Posts September 2017 Billings

North America-based manufacturers of semiconductor equipment posted $2.03 billion in billings worldwide in September 2017 (three-month average basis)...

SAS is one of the major suppliers in the Taiwan’s solar energy industry, and Cathay Life Insurance is committed to the development of renewable energy finance and optimistic about the prospects of Taiwan's solar energy industry.

The capitalization of this new joint venture was set at NT$3.5 billion, which will be financed in two phases. The first phase is expected to invest NT$1.5 billion, and SAS will invest NT$450 million. The second phase of investment, the two sides will review the result of implement in the first phase then schedule their investment time.

CTIMES loves to interact with the global technology related companies and individuals, you can deliver your products information or share industrial intelligence. Please email us to en@ctimes.com.tw

509 viewed

comments powered by Disqus