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Wei Lan Hai Changhua Offshore Wind Project (WLHC), where EDF Power Solutions is the majority shareholder, has become the first to sign a 30-year Corporate Power Purchase Agreement (CPPA) with Taiwan Smart Electricity & Energy Co., Ltd. (TSEE), the newly established government-backed electricity aggregator in Taiwan [...] marking EDF Power Solutions' first CPPA for offshore wind in Taiwan.
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Taiwan is experiencing rapid growth in electricity demand, driven by the semiconductor and AI sectors' needs. The need for renewable energy is expected to surge to 40,000 GWh by 2030, fueled by corporate commitments to sustainability under the RE100 initiative. In this context, the Wei Lan Hai Changhua Offshore Wind Project will contribute to Taiwan's energy independence objective and support its low carbon energy transition, including the 10.8GW target of offshore wind installed capacities by 2030.
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Over 50% of off-takers in Taiwan's renewable energy market are large companies from the semiconductor and high-tech sectors. However, small and medium-sized enterprises (SMEs) are increasingly embracing renewable energy. Due to challenges in obtaining international credit ratings, these companies are unable to purchase offshore wind electricity.
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[Once operational, WLHC will generate 1,700 GWh of renewable electricity annually, equivalent to a year’s electricity consumption of 460,000 households, according to EDF.]
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