The Ministry of Economic Affairs yesterday launched a green energy leasing project to help small businesses and commercial building owners access renewable energy more easily.
Cathay Life Insurance Co (國泰人壽) and Shin Kong Life Insurance Co (新光人壽), two of the nation’s largest office landlords, support the government’s green energy initiatives and are signing agreements with private energy suppliers to buy green energy or renewable energy certificates (RECs), the ministry said.
The insurers plan to lease the renewable energy they procure to companies renting their office buildings in Taipei’s downtown areas.
Private energy suppliers are to start supplying renewable power next quarter at