World’s Largest Renewable Energy CPPA Signed In Taiwan
The world’s largest renewable energy Corporate Power Purchase Agreement (CPPA) has been signed in Taiwan between TSMC and Ørsted for the 920MW Greater Changhua 2b & 4 offshore wind farm. TSMC will offtake the full production of the farm from Ørsted once it reaches commercial operations in 2025/2
Published -
Jul 14, 2020 4:51 AM
The world’s largest renewable energy Corporate Power Purchase Agreement (CPPA) has been signed in Taiwan between TSMC and Ørsted for the 920MW Greater Changhua 2b & 4 offshore wind farm. TSMC will offtake the full production of the farm from Ørsted once it reaches commercial operations in 2025/2026, subject to grid availability and Ørsted’s final investment decision. Under the 20-year fixed-price agreement with TSMC, the Greater Changhua 2b & 4 offshore wind farm will receive a price for power including T-RECs (Taiwan renewable energy certificate) during the entire period that is higher than the feed-in-tariff which was originally secured via the outcome of Taiwan’s first offshore wind auction in June 2018. This improves the project’s financial viability and helps Ørsted mature Greater Changhua 2b & 4 towards a final investment decision.
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