Northland Power Inc. Enters Strategic Power Purchase Agreement with TSMC for Hai Long Offshore Wind Project in Taiwan
Northland Power Inc. (NPI) has entered into a 30-year Corporate Power Purchase Agreement with Taiwan Semiconductor Manufacturing Company for additional power from its Hai Long offshore wind project in Taiwan. This agreement expands on the existing partnership between the two companies and is subject to finalization of administrative procedures later in 2026. TSMC will acquire 100% of the generating capacity from the three wind sites of the Hai Long project, which are situated off Taiwan's Changhua coast at distances ranging from 45 to 70 kilometers. The project comprises the Hai Long 2A, Hai Long 2B, and Hai Long 3 sites, with a combined gross capacity of 1,022 megawatts.
Northland Power holds a 30.6% stake in the Hai Long project, with Mitsui & Co. owning 40% and Gentari International Renewables Pte. Ltd holding 29.4%. The project is currently in the construction phase in the Taiwan Strait. The agreement with TSMC is seen as strategically significant for Hai Long, with Northland Power's President and CEO, Christine Healy, emphasizing the long-term economic benefits and value creation for the company and its shareholders.
Taiwan Semiconductor Manufacturing Company (TSMC) is a multinational semiconductor manufacturer headquartered in Taiwan and listed on the Taiwan Stock Exchange (2330) and the New York Stock Exchange (TSM). Northland Power, based in Toronto, operates as a global power producer with 3.5 gigawatts of gross operating generating capacity and 2.2 gigawatts under construction, with shares traded on the Toronto Stock Exchange.
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