The Taiwan Semiconductor Manufacturing Company in July produced the largest ever corporate that deals with renewable energy. The company which produces microchip signed a 20 years contract to buy power from the new wind farm being constructed in a new farm off at the coast of Taiwan by the Danish firm Orsted.
The above deal was not a stroke of luck. It deals with the results of critical changes in the market of energy in Taiwanese energy. The above makes it easier for extensive industrial facilities to invest in renewable energy, which happens with the desire to meet the high demand of meeting the climate change goal set by US tech companies such as Google and Apple.
TSMC is an Apple supplier, is among the 71 companies who have signed an agreement with Apple’s with the desire to procure all their energy sources from renewables before the end of the year 2030. Greening the whole of the supply chain is essential to the electronic consumer’s giant’s goal. The announcement came in July in the goal of the company to achieve zero carbon footprint by the end of the year 2030. About 1 percent of the company emission was equal to that of Sri Lanka in the year 2019, with the projection it came from stores and offices, and the remaining amount is from the factory’s production sector.
According to Apple, if the suppliers of Apple will succeed in their mission, the amount of carbon saved will be equal to remove 3 million vehicles from the road yearly. For the company to achieve its dream, it is not a matter of putting solar panels on the roof of houses because it consumes too much energy. Compared with Taiwan, where more than 90 percent of the total energy comes from coal, nuclear energy, and natural gas, there is no trace of enough renewable energy that will meet the demand for tech companies.
Energy is among other problems that the company faces in producing microchips and other valuable tech hardware for the international market. Apple and Google commit to eliminating emissions in all its supply chains. Simultaneously, more than $53.4 billion of revenue by the Taiwanese come from companies linked to microchips’ production, according to Bloomberg, which is higher than any other nation except the US and Japan. In the United States as well as European Union, the companies tackle this problem mainly by tapping into the quickly growing market as well as well-established for the renewable energy certificates.