Synera Renewable Energy Group (SRE Group), a pioneering offshore wind developer in the Asia-Pacific region, announced on December 5, 2025, that its Formosa 4 Offshore Wind Project has signed a long-term corporate power purchase agreement (CPPA) with Taiwan Smart Electricity & Energy (TSEE). The agreement represents a significant milestone for the offshore wind project planned off the coast of Miaoli County.

Power Purchase Agreement Details

Under the newly signed CPPA, Formosa 4 will allocate a fixed portion of its generation to TSEE upon grid connection. TSEE will then transact the green electricity through its platform with companies working to meet their decarbonization targets. This arrangement is designed to address the surging demand for green electricity among Taiwan's export-oriented industries.

The agreement provides long-term revenue certainty for the Formosa 4 project while strengthening its financial foundation. The partnership aims to make stable, reliable renewable power accessible to a broader range of corporate offtakers.

Project Development and Capacity

Formosa 4 secured 495MW of capacity in the first auction round of Phase 3 Zonal Development in 2022. The project obtained its establishment permit in late 2024, becoming the first among all first-round winners to receive it. Once completed, the wind farm is expected to generate enough clean energy to power approximately 500,000 households annually. The project is planned for development off the coast of Miaoli County.

Strategic Partnership Benefits

Lucas Lin, Chairperson at SRE, commented on the partnership, stating that offshore wind is widely recognized as a critical source of large-scale, reliable clean energy. He expressed satisfaction with the TSEE partnership, describing the agreement as mutually beneficial. The CPPA is positioned to help corporate offtakers maintain operational resilience, enhance competitiveness, and progress toward their sustainability goals.

The arrangement addresses the growing need for renewable energy solutions among businesses facing decarbonization requirements.

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