Reported 11 months ago
In order to assist the healthy development of the green electricity market, Bank of Soil has partnered with Great Nature Energy to introduce the 'Green Electricity Price Trust' service, constructing a mechanism for trust transactions among power generation, sales, and purchases to effectively reduce the risks in green electricity transactions. With the trend of net zero carbon emissions and increasing demand for green electricity, the Ministry of Economic Affairs has established the Taiwan renewable energy certificate (T-REC) and green electricity trading platform. Recently, they have also allowed solar power plants of the second and third types to engage in reselling green electricity to renewable energy operators, who can then resell it to corporate users. Financial institutions not only recognize the trend of the green electricity market but also are promoting green financial products and services in accordance with the Financial Supervisory Commission's green finance action plan to assist enterprises in developing power generation and sales businesses. To ensure the safe flow of funds generated from the sale and purchase of green electricity between power generators, sellers, and buyers, Bank of Soil provides the 'Green Electricity Price Trust' mechanism to effectively reduce the risks in green electricity transactions by maintaining clear accounts, transparent cash flows, and a secure payment process.
Source: YAHOO