EDF Power Solutions has signed a 30-year corporate power purchase agreement (CPPA) with Taiwan Smart Electricity & Energy Co. Ltd. (TSEE) for the Wei Lan Hai Changhua offshore wind project (WLHC). EDF Power Solutions is the majority shareholder in the WLHC project, which was awarded in 2022 and has a total installed capacity of 440 MW. TSEE is the newly established government-backed electricity aggregator in Taiwan.
Once operational, the project is expected to generate around 1,700 GWh of renewable electricity annually. Furthermore, the project is part of Taiwan’s offshore wind expansion plan, targeting 10.8 GW of installed capacity by 2030. Taiwan’s electricity demand continues to rise, driven by the semiconductor and artificial intelligence sector, while renewable energy consumption is projected to reach 40,000 GWh by 2030 under corporate sustainability initiatives such as RE100.
In September 2025, EDF successfully priced a €1.25 billion green perpetual subordinated bond issuance. The notes carry an initial 4.375 per cent coupon until 2031, with a 5.5-year first call date at EDF’s discretion. The bonds were rated BBB by S&P, Baa1 by Moody’s, and BBB+ by Fitch.
