TSMC Secures 30-Year Deal for All Power From Hai Long 2A

Overview

• A 30-year corporate power purchase agreement announced Thursday between TSMC and Northland Power gives TSMC 100% of Hai Long 2A’s 294 megawatts.
• The contract will take effect after required administrative procedures that the companies expect to finish later in 2026.
• The deal extends a partnership formed in 2022, adding Hai Long 2A to TSMC’s existing offtake from the Hai Long 2B and 3 sites.
• The Hai Long development totals 1,022 megawatts across three offshore wind sites located about 45 to 70 kilometers off Taiwan’s Changhua coast.
• TrendForce reports a shortage in CoWoS advanced packaging, used to stack chips for AI systems, that could persist until at least 2027, and TSM shares have fallen about 54% in six months with valuation models split on the stock.