TSMC signs 30-year wind power deal amid AI-driven energy demand

Taiwan Semiconductor Manufacturing Company (TSMC) has entered into a 30-year corporate power purchase agreement with Northland Power to buy 100% of the electricity generated by the Hai Long offshore wind project. The deal, announced on April 30, covers over 1 gigawatt of capacity from three wind sites in the Taiwan Strait. Once fully operational by 2027, the project could power over 1 million Taiwanese households. Wind farms began supplying power to Taiwan's grid in 2025. The move comes as Taiwan faces an energy crunch exacerbated by geopolitical disruptions: a March 2026 Iranian drone strike on Qatar's natural gas facilities cut off one-third of Taiwan's LNG supply, according to Bloomberg. Taiwan relies on natural gas for about half its electricity and holds only two weeks of fuel reserves. The government has temporarily secured alternative supplies from Australia and the US, as reported by Reuters.