Synera Renewable Energy Group (SRE) signed a corporate power purchase agreement (CPPA) with Star Trade to supply electricity that will be produced by Formosa 6 offshore wind farm in Taiwan.
The contract continues the relationship between the two companies, which signed a similar agreement for the Formosa 4 project at the end of 2025. With the addition of Formosa 6, Star Trade has contracted more than 10% of the combined capacity of the two parks.
This expansion reflects the interest of Taiwanese companies in securing long-term renewable electricity and the role of offshore wind in meeting that demand.
Formosa 6 has 800 MW of awarded capacity
Formosa 6 obtained 800 MW of capacity in 2024, during the second round of Phase 3 of the Zonal Development program of Taiwan’s offshore wind energy it will be the fourth park developed by SRE in the country and the company’s first in the central region.
The project will be located about 35 kilometers off the coast of Xianxi municipality, in Changhua county, and will occupy an area of approximately 84 square kilometers.
Once operational, it is estimated that it will be able to generate electricity equivalent to the annual consumption of approximately 860,000 homes. Its development will expand both Taiwan’s renewable energy supply and SRE’s presence in the local market.
Star Trade expands its energy agreement with SRE
The energy purchase for Formosa 6 adds to the agreement already in place for Formosa 4, a 495 MW offshore wind farm. With both projects, Star Trade expands its participation in the electricity supply offshore wind energy for corporate clients.
For SRE, these agreements allow it to link the future production of its parks with companies seeking to meet their renewable electricity needs through long-term contracts.
Lucas Lin, president of SRE, emphasized the company’s commitment to the development, construction, and operation of offshore wind farms in Taiwan. He also noted that the cooperation with Star Trade will facilitate access to green electricity for more Taiwanese companies.
Offshore wind energy is gaining traction in Taiwan
The agreement comes amid economic and geopolitical shifts that have brought energy security to the forefront of the agenda. For Taiwan, developing renewable energy sources is part of the response to this scenario, with offshore wind power being a key component.
Formosa 6 will contribute to that expansion when it becomes operational, its 800 MW allocated will be destined for the Taiwanese market and will extend SRE’s activity towards the central area of the country.
The CPPA with Star Trade establishes a commercial route for part of that future generation, bringing the development of the park closer to the renewable electricity demand of the business sector.
Source: OffshoreWind
Photo: Shutterstock
