Amidst record profits fueled by the AI boom, Taiwanese semiconductor giant TSMC is investing significantly in renewable energy by securing a 30-year power purchase agreement for the entire output of the Hai Long offshore wind project. This deal, struck with Canadian producer Northland Power, encompasses over 1 gigawatt of capacity across three sites in the Taiwan Strait, aiming to power more than a million Taiwanese households. The project, slated for full operation by 2027, begins supplying the grid in 2025. This strategic move by TSMC is a response to the global energy crisis, exacerbated by Middle Eastern conflicts and a critical reduction in Taiwan's liquefied natural gas supply following Iranian drone strikes on Qatari facilities in March 2026, highlighting Taiwan's reliance on natural gas for half its electricity and its limited fuel reserves.