Yunneng Wind Power Co., Ltd. (“Company”) was awarded the licence by the Taiwanese Government to develop, construct and operate an offshore wind farm project with an installed capacity of 640MW in Yunlin County (“Project”). The Company has established the electricity development assistance fund (“EDAF”) in compliance with paragraph 1 of Article 65 of the Electricity Act as well as its subsidiary regulation being the “Regulations Governing the Usage and Monitoring of Electricity Development Assistance Fund Program” (“Regulations”), together with all other relevant legal obligations to facilitate the development of the areas in the vicinity of the Project, and to bring welfare to the residents thereof. Pursuant to the Regulations, 30% of the annual EDAF budget are categorized as “Project-type” that are available to qualified non-profit institutions or groups by application.

 

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