Air Emission Initiative

In 2021, WHAUP conducted various air emission reduction initiatives, which include studying the development of innovative technologies to apply with solar power business, such as a Peer-to-Peer (P2P) energy trading for application among WHA IE's industrial customers and a Smart Microgrid. Peer-to-Peer energy trading is a co-developing project with leading energy and technology partners, using block chain technology. It is also a part of the Sandbox program of the Energy Regulatory Commission (ERC), which is currently being tested in preparation for commercial trading, while waiting for the government's green light. This will be WHAUP's main growth factor for its renewable energy business portfolio to reach up to 100-200 MW, to help achieve the company's target of 300 MW by 2023. This initiative will divert the reliance on conventional electricity for both WHAUP as well as the Group's collective operation, and consequently the Company is moving towards reducing overall emission.

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