Can UMC's Latest Renewable Energy Deal Push the Stock Higher?

United Microelectronics (UMC) recently announced that it has signed a Corporate Power Purchase Agreement with Fengmiao I Offshore Wind Farm, marking a significant milestone in its journey toward sustainability. Under this agreement, UMC will purchase more than 30 billion kilowatt-hours of power from the wind farm over the next 30 years, marking the largest renewable energy transaction in the company’s history. This move is part of United Microelectronics’ ambitious roadmap to achieve 50% renewable energy us ...