Delta Electronics, a global leader in power management and IoT-based smart green solutions, has been honored with the 2024 RE100 Leadership Award in the Market Trailblazer category. The award, presented by the international renewable energy initiative RE100 during Climate Week NYC, highlights Delta’s exemplary efforts in overcoming market constraints and leading the transformation of the renewable electricity market through collaboration with global stakeholders. Delta stood out among 433 RE100 member companies for its commitment to renewable energy adoption and market leadership.
Delta’s Commitment to Renewable Energy and Sustainability
Ping Cheng, Delta’s Chairman and CEO, expressed pride in receiving the prestigious award, stating, “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. It is a key performance indicator for our executives, and all of our global operation sites are actively adopting renewable electricity in compliance with local regulations.” Cheng emphasized that Delta’s achievement of RE76 in 2023 was a significant milestone, and the company is committed to accelerating its renewable energy initiatives to reach its sustainability goals.
RE100 Leadership Awards: Recognizing Industry Leaders in Renewable Energy
Since 2020, RE100 has presented the Leadership Awards annually during Climate Week NYC, recognizing companies that excel in promoting renewable energy. The 2024 awards included five categories: RE100 Changemaker, RE100 Market Trailblazer, RE100 Key Collaborator, RE100 Enterprising Leader, and Best Newcomer. Delta’s recognition as the Market Trailblazer underscores its role in leading renewable energy transformations, especially in emerging markets, where the company has demonstrated leadership through innovation and measurable impact.
Delta’s Renewable Energy Initiatives: Driving Global Market Change
Delta has actively contributed to renewable electricity development by signing power purchase agreements (PPAs) with wind, solar, and hydroelectric sources. In 2024, Delta purchased renewable electricity from Taiwan’s first government-led small hydropower plant, further advancing renewable energy diversity. In Thailand, home to some of Delta’s major production facilities, the company has worked closely with the government and other stakeholders to accelerate local renewable energy regulations and develop trading systems.
Comprehensive Strategy for Renewable Energy Adoption
Delta’s approach to advancing RE100 is built on its core energy conservation efforts, supported by internal carbon pricing (ICP). The company prioritizes self-generation photovoltaic systems in its buildings and, depending on regional regulations, prefers PPAs and green electricity products (GEPs) that bundle energy certificates with the electricity. Unbundled energy attribute certificates (EACs) are used as supplementary options, ensuring a flexible and comprehensive procurement strategy that continues to drive the renewable electricity market forward.
Conclusion: A Milestone in Delta’s Journey Toward Net-Zero by 2050
Delta’s 2024 RE100 Leadership Award is a testament to its unwavering commitment to renewable energy and sustainability. As the company accelerates its renewable energy initiatives and continues collaborating with stakeholders, it remains on track to achieve its ultimate goal of Net-Zero emissions by 2050, setting a strong example for other companies and industries to follow.
