Northland Power signs 30-year corporate PPA with TSMC for Hai Long offshore wind project in Taiwan

Northland Power Inc. executed a 30-year corporate power purchase agreement (CPPA) with Taiwan Semiconductor Manufacturing Company (TSMC) for the full generating capacity of the Hai Long offshore wind project in Taiwan. The agreement covers the 1,022 MW Hai Long offshore wind complex, comprising three sites: Hai Long 2A (294 MW), Hai Long 2B (224 MW), and Hai Long 3 (504 MW), located 45-70 kilometers off the Changhua coast in the Taiwan Strait. TSMC will offtake 100% of the project's output once Hai Long 2A switches to the new CPPA, which builds on an existing 2022 partnership covering Hai Long 2B and Hai Long 3. The deal reinforces the strategic importance of the Hai Long project for Northland Power, with CEO Christine Healy noting it will enhance the project's long-term economic fundamentals and directly contribute to value creation for shareholders. Subject to administrative procedures in 2026, the agreement is expected to finalize the switch of Hai Long 2A to the new CPPA structure.

Counterparts (4)

Partner

Gentari International Renewables Pte. Ltd

company · 1 deals

Malaysia-based global clean energy company developing renewable energy, hydrogen, and green mobility solutions with 9.1 GW of renewable energy and storage capacity (installed and under construction) across Asia Pacific.

M

Mitsui & Co.

company · 1 deals

Offtaker

TSMC

company · 2 deals

TSMC is the world's largest dedicated semiconductor foundry. While not directly an infrastructure investor, its manufacturing operations and energy consumption make it a significant player in the energy and utilities sectors, particularly concerning data centers and energy efficiency.

Developer

Northland Power

company · 2 deals

Northland Power is a global power producer dedicated to helping the clean energy transition by producing electricity from clean and green sources. They develop, build, own and operate clean and green energy infrastructure assets including offshore wind, onshore wind, solar, and efficient natural gas.