TSMC has entered into a long‑term Corporate Power Purchase Agreement (CPPA) with Northland Power Inc. for the Hai Long offshore wind project in Taiwan. The agreement covers the Hai Long 2A, Hai Long 2B, and Hai Long 3 wind sites, which together have a combined gross capacity of 1,022 MW. Under the terms, TSMC will offtake 100 % of the generating capacity of Hai Long 2A, while the existing CPPA for Hai Long 2B and Hai Long 3 is extended to include the new site.
The Hai Long project is a joint venture in which Mitsui & Co. holds a 40 % stake, Gentari International Renewables Pte. Ltd. holds 29.4 %, and Northland Power holds 30.6 %. The project is expected to be fully operational between 2026 and 2027, and the CPPA is subject to completion of necessary administrative procedures later in 2026.
This agreement advances TSMC’s renewable‑energy targets of 60 % by 2030 and 100 % by 2040 by providing a stable, renewable source of power for its manufacturing operations. It expands TSMC’s renewable portfolio beyond earlier contracts such as the one with ARK Power, reinforcing the company’s commitment to sustainability and energy security.
While the CPPA is described as long‑term, specific financial terms—including the price per megawatt‑hour and the duration of the fixed price—were not disclosed. The partnership strengthens the economic fundamentals of the Hai Long project and aligns with TSMC’s broader strategy to secure clean energy for its global supply chain.
The deal underscores TSMC’s dedication to reducing its carbon footprint and securing energy security amid the growing demand for advanced semiconductor manufacturing. It also positions TSMC to meet its sustainability goals while supporting the expansion of Taiwan’s offshore wind industry.
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