Danish energy firm Orsted and TSMC, a Taiwan-headquartered semiconductor company which supplies businesses such as Apple, have signed a deal described as “the world’s largest renewables corporate power purchase agreement.” Announced Wednesday, the 20-year deal will see TSMC – also known as Taiwan Semiconductor Manufacturing Company – purchase all the energy produced by Orsted’s yet-to-be-built 920-megawatt offshore wind farm off Taiwan. The fixed price contract will come into force when commercial operations at the facility begin. This is expected to be in 2025/26, according to Orsted, subject to a final investment decision and grid availability. The last few years have seen a number of major U.S. firms, such as Google and Amazon, strike these types of agreements to buy renewable energy. Other examples include Microsoft signing a 15-year power purchase agreement for the energy produced by a 74-MW solar power facility in North Carolina.  Fellow tech giant Facebook has also described itself as being “a leading corporate purchaser of renewable energy globally” in 2019.  CNBC

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