Ørsted signs historic PPA

With a 20-year deal struck with local company, the utility secures purchase of all 920 MW of the company's upcoming offshore wind farm in Taiwan.

Photo: Ørsted

Danish utility Ørsted has entered into a historic power purchase agreement with Taiwan Semiconductor Manufacturing Company (TSMC), which, over a 20-year period, will buy all the generated power from upcoming offshore wind project CHanghua 2b&4, provided it's established in 2025/2026 as planned, Ørsted announces.

"We commend TSMC for their leadership in renewable energy sourcing and for taking tangible action to deliver on their ambitious greenhouse gas reduction targets. By sourcing renewable energy at an unprecedented scale, TSMC demonstrates strong support for the development of renewable energy," says Ørsted Offshore Chief Executive Martin Neubert

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