Wind Energy – Taiwan
Northland Power has signed a 30-year corporate power purchase agreement (CPPA) with Taiwan Semiconductor Manufacturing Company (TSMC), securing additional electricity supply from Northland’s 1.02 GW Hai Long offshore wind project in Taiwan.
The project is being developed through a joint venture between Northland (30.6%), Mitsui (40%) and Gentari International Renewables (29.4%).
The project is located approximately 45–70 km off the coast of Changhua in the Taiwan Strait.
The project comprises three offshore wind sites: Hai Long 2A with 294 MW, Hai Long 2B with 224 MW, and Hai Long 3 with 504 MW.
The newly signed 30-year deal expands Northland Power’s relationship with TSMC, which began in 2022 and currently includes power from Hai Long 2B and Hai Long 3.
Once the necessary administrative steps have been completed in late 2026, Hai Long 2A is expected to transition to the new CPPA, at which point TSMC will purchase the entire project’s output.
This enhances the project’s financial returns and extends the duration of Hai Long’s contracted revenue stream, thereby strengthening Northland’s strategy of creating additional value.
Northland Power president and CEO Christine Healy said: “This agreement with TSMC reinforces the strategic importance of Hai Long. Once the switch is complete, it will enhance the project’s long-term economic fundamentals and contribute directly to value creation for Northland and its shareholders.”
