Cathay Life Insurance Co (國泰人壽) aims to double its cumulative investment in domestic solar power projects to at least NT$20 billion (US$716.8 million) by 2025, as the green energy business yields high rates of return and growing the sector is good for the environment, Cathay Life president Liu Shan-chi (劉上旗) said on Saturday.
The life insurer has invested NT$10 billion in 250 local photovoltaic farms, including rooftop, ground-mounted and floating solar systems, with a combined capacity of 200 megawatts (MW).
The company plans to seek more projects in coming years, boosting the overall capacity of the photovoltaic farms it invests in to