TSMC taps wind power as AI chip demand soars, Taiwan feels energy crunch
Summary
Taiwanese chipmaker TSMC has signed a 30-year agreement to buy all the power from an offshore wind project called Hai Long to increase renewable energy use amid a global energy crisis. Taiwan faces energy shortages due to natural gas supply disruptions and is accelerating renewable energy and nuclear power development to reduce reliance on fossil fuels.Key Facts
- TSMC signed a 30-year deal to purchase 100% of power from the Hai Long offshore wind project in Taiwan.
- Hai Long will have over 1 gigawatt capacity, enough to power more than 1 million Taiwanese homes.
- The wind farms started supplying power in 2025 and will be fully operational by 2027.
- Taiwan lost one-third of its liquefied natural gas supply after damage to Qatari facilities in March 2026.
- Taiwan relies on natural gas for about half its electricity and typically keeps only two weeks of fuel in reserve.
- The Taiwan government secured oil and gas supplies through August or September from suppliers like Australia and the US.
- Taiwan plans 15 gigawatts of offshore wind capacity by 2035 to reduce fossil fuel dependence.
- TSMC aims to have 60% of its global energy from renewables by 2030, and 100% by 2040.
- TSMC’s energy use accounted for nearly 10% of Taiwan’s electricity in 2023 and could grow to 25% by 2030 due to AI chip production.
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