Taipei, December 5, 2025 – Synera Renewable Energy Group (SRE Group), a pioneering offshore wind developer in the Asia-Pacific region, today announced that its Formosa 4 Offshore Wind Project (Formosa 4) has signed a long-term corporate power purchase agreement (CPPA) with Taiwan Smart Electricity & Energy (TSEE).
Under the CPPA, Formosa 4 will allocate a fixed portion of its generation to TSEE upon grid connection, after which TSEE will transact the green electricity through its platform with companies racing to meet their decarbonization targets. This will help address the surging demand for green electricity among Taiwan’s export-oriented industries.
“Offshore wind is widely recognized as a critical source of large-scale, reliable clean energy,” said Lucas Lin, Chairperson at SRE. “We are pleased to partner with TSEE. This mutually beneficial agreement provides long-term revenue certainty and strengthens Formosa 4’s financial foundation, while making stable, reliable renewable power accessible to a broader range of corporate offtakers. This is essential for these businesses to maintain operational resilience, enhance competitiveness, and progress toward their sustainability goals.”
Formosa 4, planned off the coast of Miaoli County, secured 495MW in the first auction round of Phase 3 Zonal Development in 2022 and obtained its establishment permit in late 2024, becoming the first among all first-round winners to receive this permit. Once completed, the wind farm is expected to generate enough clean energy to power approximately 500,000 households annually.
Copyright © Synera Renewable Energy