Corporate green power clicks in Asia

Activity now seems to be picking up pace in the Asia-Pacific region, which accounted for 18 per cent of the corporate power purchase agreements totaling 11.2 gigawatts (Gw) signed so far this year

The largest ever corporate deal for direct purchase of green power has been signed recently in Asia. Taiwan Semiconductor Manufacturing Company (TSMC), a supplier of Apple, will buy the entire output of Orsted’s 920 megawatts (Mw) offshore wind farm (Great Changhua 2b & 4). The final investment decision on the wind farm is expected to be taken by 2023, and full commissioning is likely by 2026.

Companies around the world are setting up renewable energy projects on their own sites — when they have the space and they can — or buying green power directly from the generators. They often finalise