2018-01-04 | Editor : et_editor 3348 pageviews

To Support Green Policy, Hua Nan Bank Started Green Energy Financing Promotion Team

Hua Nan Commercial Bank is a subsidiary of Hua Nan Financial Holdings Co. The bank expressed, because global economy, technology and natural environment change rapidly, green economic development is a new trend while the international community is pursuing economic development.

In order to support green policy of the Taiwan government, Hua Nan Financial Holdings Group built its head quarter building to be a green building. It is the first one in Taiwan that earned US LEED gold level certification when it is awarded Green Building in the diamond level in Taiwan. Moreover, the green power development summit was held in the headquarter building on December 27, 2017.

The bank said, during this summit, many experts in the green energy industry, related government departments, and academics were invited to discuss and share experiences to one another. They are Cheng-Mount Cheng, the vice chairman of Financial Supervisory Commission, officers from Bureau of Energy (BOE), Ministry of Economic Affairs, professionals from KPMG, WPD, SWE, Taya Group, China Steel Corporation, CSBC Corporation Taiwan, and scholars from National Taiwan University. The goal of this summit is for the related businesses to know future developmental trends of green power and its business opportunities, so that the industry can raise competitiveness.

Hua Nan Bank pointed out that in order to accomplish energy transition policy, BOE focuses on the green energy industry. According to BOE's plan, the percentage of total energy derived from green energy sources should rise to 20% by 2025. This policy is predicted to raise investment of solar power industry to NTD 1.2 trillion, and move up investment of wind power industry to NTD 610 billion. On the whole, green energy investment will total NTD 1.81 trillion in the future. The demand for capital of related constructions is huge, and domestic financing institutes are needed to actively help out.

Wu Tang-chieh, chairman of Hua Nan Financial, explained that Hua Nan (as an important member of state-owned banks) has always supported governmental green energy policies with all-out effort. Hua Nan devoted to lead the green finance segment domestically. Until November 2017, Hua Nan has helped about 8,000 startups in the 5+2 Industrial Innovation Plan in the important industries, and they together received around NTD 390 billion capital to operate. Many famous green energy giants domestically received loans from Hua Nan. The bank's helping hands provide great business opportunities for these companies and the green energy industry.

The bank said, so as to get green power companies financed, Hua Nan recently started a promotion team of green energy technology financing. This team proactively signs MOU for project loans of green energy with local governments (such as the Hsinchu government), and builds strategic alliance with major green energy companies domestically (such as Taya Group), in order to offer financing services to green power industry for building or investing in the short, mid, and long terms. Hua Nan hopes to fulfill its social responsibilities in the areas of nuclear-free, green energy, and carbon emissions reduction. In this way, Hua Nan and the government co-create “win-win-win” scenario for building the future green homeland.

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