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Ørsted signs "world's largest" renewables PPA in Taiwan

Thursday, 09 July 2020

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Danish energy giant Ørsted and the Taiwan Semiconductor Manufacturing Company (TSMC) have signed a Corporate Power Purchase Agreement (CPPA). TSMC will offtake the full production from the 920 MW Greater Changhua 2b & 4 offshore wind farm, making this the largest-ever contract of its kind within renewable energy.

Under the CPPA, the wind farm will receive a price for power including T-RECs (Taiwan Renewable Energy Certificate) during the 20-year contract period. 

Ørsted executive vice president and chief executive of offshore wind Martin Neubert said: “By sourcing renewable energy at an unprecedented scale, TSM...

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