Lightsource bp signs first PPA in Taiwan with Star Trade for pilot fishery solar project

• Lightsource bp has signed a power purchase agreement (PPA) with Star Trade, securing 100% of the contracted output from its 115MWp Budai solar project in Taiwan.
• This agreement demonstrates the role of tailored PPAs in accelerating renewable energy investment in Taiwan and the wider Asia-Pacific, supporting the energy transition for businesses and communities.
• The Budai project recently secured approximately TWD 6 billion in financing, is expected to create up to 750 direct construction jobs, and is scheduled for completion in 2026.

Lightsource bp, a leading developer and manager of global onshore renewable energy projects, has signed a power purchase agreement (PPA) with Star Trade for its Budai solar project in Taiwan. The agreement secures 100 percent of the project’s contracted electrical output – equivalent to 115MWp.

Star Trade, a leading provider of renewable energy retailing and energy storage integration services of HD Renewable Energy Group and Taiwan’s third-largest electricity retailer, supplies renewable energy to major industrial and commercial customers including those in the semiconductor, financial and manufacturing sectors. This PPA demonstrates how tailored agreements can accelerate investment in renewable energy across Taiwan and the broader Asia-Pacific region, supporting the energy transition for businesses and communities.

This agreement reflects Lightsource bp’s ongoing commitment to meeting the rising global demand for reliable, affordable renewable energy solutions. In 2024, the company signed 10 new power purchase agreements – totalling 1.3GW of contracted generation – across Europe, the Americas and APAC, partnering with leading international organisations such as H&M Group, Microsoft, LyondellBasell and Google.

Lightsource bp’s expanding presence in APAC builds on its established track record in Australia and growth into New Zealand, Taiwan, South Korea and now Japan. As the company’s footprint continues to grow, Lightsource bp is focused on meeting rising customer demand across the region by leveraging its expertise, experience, and strong relationships to deliver tailored PPA solutions to an even broader market.

Melanie Sutton, Director of Power Markets APAC at Lightsource bp, said: “This agreement with Star Trade strengthens our position in Asia Pacific’s evolving energy markets. Project Budai is not only about advancing utility-scale solar – it demonstrates how Lightsource bp is leveraging market intelligence and commercial innovation to adapt, optimise and grow. By integrating revenue strategy and offtake solutions from the outset, we’re setting the foundations for long-term resilience and driving value across the region.”

Bin Fu, Head of Taiwan at Lightsource bp, said: “Our work on Budai demonstrates Lightsource bp’s expertise not just in project delivery, but in creating value for corporate customers by enabling them to directly contract renewable energy. By supporting Taiwan’s ambitions for a more sustainable energy mix, we’re helping businesses achieve their carbon reduction goals while building strong partnerships locally.”

Jason Chou, Chairman of Star Trade and General Manager of HD Renewable Energy, said: “HD Renewable Energy Group have long focused on advancing renewable energy solutions. We are excited to collaborate with Lightsource bp, a partner with strong global vision, and look forward to driving a greener, more globally connected future with Taiwan’s industries. With Star Trade’s recent transformation, we are bringing in top talent and new technologies to deliver more flexible and high-value solutions across power trading and energy aggregation.”

Earlier this month, Lightsource bp secured approximately TWD 6 billion in financing for the Budai project, located across Budai and Yizhu Township in Chiayi County. The financing was provided by a consortium of local and international banks. Construction is underway and the project is expected to reach completion in 2026.

The company is proud to be partnering with Star Trade on its debut project in Taiwan and looks forward to exploring future opportunities together, as Lightsource bp’s project pipeline continues to grow and diversify across the region.