Star Trade Partners with Synera Renewable Energy to Launch Green Power Wheeling　Expanding Offshore Wind in Clean Energy Portfolio

(Source: Star Trade)

Global power service provider Star Trade announced that it has signed a power purchase agreement (PPA) with Synera Renewable Energy (SRE) Group, adding offshore wind power to its renewable energy portfolio. Going forward, Star Trade will integrate offshore wind and solar resources to deliver a more diversified and reliable supply of green electricity, helping corporate customers advance toward their RE100 and 24/7 Green Power goals. The expanded renewable energy offering will also broaden procurement options for businesses while meeting the growing demand for around-the-clock low-carbon electricity from energy-intensive industries such as AI data centers and semiconductor manufacturing.

The agreement covers electricity generated by Formosa 4, an offshore wind project developed by SRE. Under the long-term contract, the project will supply more than 5 billion kilowatt-hours (kWh) of renewable electricity over its duration, equivalent to approximately 180 million kWh annually, enough to meet the yearly electricity demand of around 43,000 households. The project is also expected to reduce carbon emissions by an amount comparable to the annual carbon absorption of approximately 220 Daan Forest Parks.

Located off the coast of Miaoli, Formosa 4 has an installed capacity of 495 MW. The project obtained its establishment permit in late 2024 and is scheduled to begin supplying electricity to customers by the end of 2028.

Compared with solar power, offshore wind can continue generating electricity during nighttime hours and throughout the winter season, making it highly complementary to solar generation. This enables businesses to increase the share of renewable electricity in their energy mix while supporting around-the-clock power demand.

By integrating offshore wind resources into its portfolio, Star Trade will offer more comprehensive and flexible renewable energy solutions, helping Taiwan's export-oriented businesses build a more diversified and resilient renewable energy portfolio. The initiative will also support alignment with international carbon management standards, strengthening companies' global competitiveness.

With the addition of offshore wind power, Star Trade expects its contracted renewable electricity procurement capacity to exceed 1 GW by 2028. On the retail supply side, the company has secured more than 650 MW in contracted wheeling capacity, with total contracted electricity volume surpassing 20 billion kWh. To date, it has also facilitated the issuance of nearly 330,000 renewable energy certificates (RECs).

In the energy storage sector, Star Trade expects to secure nearly 500 MW of reserve capacity over the next three years, enabling it to help renewable energy developers and electricity retailers meet reserve capacity obligations. The company recently became the first private energy storage operator in Taiwan to provide reserve capacity services, following the completion of agreements with the country's first group of renewable power generators.

As Taiwan gradually opens its electricity market to new products, such as the wheeling of surplus renewable electricity through energy storage, Star Trade plans to leverage its AI-powered electricity trading platform to integrate offshore wind, solar and energy storage resources. The platform will optimize renewable power dispatch and supply-demand matching, improving both renewable energy utilization and the value of energy assets.

【About Star Trade】

Star Trade is committed to becoming a leading international power services and energy asset management company, with core expertise spanning electricity trading, intelligent power dispatch, energy and asset management, commercial structuring, and risk management. The company provides tailored, one-stop energy solutions designed to meet the evolving needs of corporate customers.

Since obtaining its electricity retail license in 2021, Star Trade has focused on renewable energy and carbon management, offering a comprehensive portfolio of services including renewable electricity procurement and retailing, aggregated renewable power wheeling, and carbon asset management. To address growing demand for greater flexibility in corporate energy management, Star Trade integrated the expertise of Star Energy Storage Solution in 2025 to strengthen its capabilities in energy storage, energy management systems (EMS), and AI-assisted electricity trading. The company has developed a virtual power plant (VPP) and its proprietary smart electricity trading platform, Star Trade, while actively expanding into international markets including Japan and Australia.

Through these initiatives, Star Trade is advancing a next-generation business model centered on electricity trading and distributed energy aggregation. For more information: https://startrade-power.com/

Source: Star Trade (English translation by EnergyOMNI)