Delta, a global leader in power management and a provider of IoT-based smart green solutions, announced today it has recognized with the 2024 RE100 Leadership Award in the Market Trailblazer category by the international renewable energy initiative RE100 during Climate Week NYC. Delta's outstanding performance in overcoming market constraints and leading market transformation through collaboration with stakeholders to advance the renewable electricity market worldwide stood out among 433 RE100 member companies.
Credit: Delta
Delta’s Chairman and CEO, Ping Cheng, said, “We are honored to receive this prominent accolade. RE100 is one of Delta’s core strategies for reducing our GHG emissions and achieving Net-Zero by 2050, and hence, it is a key performance indicator for our executives. Moreover, all of our operation sites around the world are actively adopting renewable electricity in compliance with local regulations and conditions, contributing to RE76 that we achieved in 2023. Going forward, Delta will accelerate its renewable energy endeavors to ultimately fulfill its sustainability objectives.”
Since 2020, RE100 has announced the RE100 Leadership Awards annually during Climate Week NYC. This year, five awards were presented: RE100 Changemaker, RE100 Market Trailblazer, RE100 Key Collaborator, RE100 Enterprising Leader, and Best Newcomer. These awards recognize member companies that have excelled in advancing renewable energy and inspiring other companies in the industry. The RE100 Market Trailblazer Award honors companies that lead the way in renewable energy transformation, particularly in emerging markets where they demonstrate leadership through innovation and impact.
Delta supports renewable electricity development through its own actions, signing power purchase agreements (PPAs) with various renewable electricity sources such as wind, solar, and hydroelectric plants. In 2024, Delta has purchased renewable electricity from Taiwan's first government-led small hydropower plant, further promoting diverse renewable energy development. In Thailand, where Delta has major production facilities, the Company has worked closely with the government and stakeholders to accelerate the development of local renewable electricity regulations and trading systems.
Delta’s strategy for advancing RE100 is based on its core energy conservation efforts. With the support of internal carbon pricing (ICP), the Company prioritizes self-generation photovoltaic systems in its own buildings. Depending on the regulations and procurement conditions of different regions, Delta prefers PPAs and green electricity products (GEPs) where energy certificates are bundled with the electricity. Unbundled energy attribute certificates (EACs) are used as a supplementary option. Delta’s comprehensive procurement strategy is helping to drive the renewable electricity market forward as it works toward its 2050 Net-Zero target.