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Reuters
Reuters
Business

Denmark's Orsted, Taiwan's TSMC sign world's largest renewable corporate power deal

FILE PHOTO: Walney Extension offshore wind farm operated by Orsted off the coast of Blackpool, Britain September 5, 2018. REUTERS/Phil Noble/File Photo

Denmark's Orsted <ORSTED.CO> said on Wednesday that Taiwan Semiconductor Manufacturing Co <2330.TW> has agreed to buy the entire power production from its third offshore wind farm in the Asian country.

Under what Orsted called "the largest-ever contract of its kind within renewable energy", TSMC will for 20 years buy 920 megawatts of power from the Greater Changhua 2b & 4, when the offshore wind farm project is scheduled to be finalised by 2025 or 2026.

(Reporting by Jacob Gronholt-Pedersen, editing by Louise Heavens)

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