EDF Power Solutions has signed Taiwan’s first corporate power purchase agreement (CPPA) for offshore wind, marking a significant step for the company and the country’s expanding renewable energy market.
The 30-year agreement was signed with Taiwan Smart Electricity & Energy (TSEE), a newly established, government-backed aggregator created to facilitate renewable energy procurement.
The CPPA covers the 440-megawatt Wei Lan Hai Changhua offshore wind project, in which EDF Power Solutions is the majority shareholder. Awarded in 2022, the project is expected to produce around 1,700 gigawatt hours of electricity annually once operational.
“This agreement marks a key milestone in our Asia-Pacific portfolio,” EDF Power Solutions said in a statement. “It also represents the first CPPA signed by TSEE since its creation.”
The deal comes amid a sharp rise in Taiwan’s demand for renewable power, driven in part by rapid growth in the semiconductor and artificial intelligence sectors, as well as national targets to reach 10.8GW of offshore wind capacity by 2030.
EDF said the Wei Lan Hai Changhua project will contribute to Taiwan’s energy independence and support its low-carbon transition. While Taiwan’s renewable market has traditionally been dominated by large industrial consumers, the company noted that interest from small and medium-sized enterprises is also increasing.
The financial terms of the CPPA were not disclosed.
