At its annual shareholder meeting on Wednesday, Buima announced its strategy to boost growth in green energy and expand its operations internationally. The company aims to recover from a recent business downturn by focusing on reducing costs and improving efficiency in its green energy projects.
Buima’s commitment to green energy comes at a time when demand for renewable sources is rising globally. The company plans to explore new markets outside Taiwan, leveraging its expertise in renewable technologies. This international expansion is expected to not only increase revenue but also diversify its portfolio, reducing dependency on the local market.
Specific targets for cost reduction have been set. Buima intends to lower production expenses by 15% within the next year through various operational improvements. The company is also investing in innovative technologies that can enhance its energy generation capabilities, aiming for a 20% increase in overall efficiency by 2025.
As part of its growth strategy, Buima is exploring partnerships with foreign firms to tap into existing renewable energy infrastructures in other countries. This approach will facilitate smoother entry into new markets and accelerate project implementation.
Buima’s focus on international markets aligns with the global shift towards sustainable practices and energy sources. The company’s initiatives reflect an increasing recognition of the economic and environmental benefits of green energy, as more businesses and governments commit to reducing carbon emissions and investing in sustainable solutions.
Overall, Buima’s proactive approach to expanding its green energy footprint and enhancing operational efficiency positions it to capitalize on the growing global market for renewable energy.
