TSMC aims for renewable energy to meet 60 percent of its global operations by 2030 as Taiwan faces energy strain from AI chip demand

TSMC announced targets for renewable energy to supply 60 percent of its global operations' needs by 2030 and 100 percent by 2040, as part of Taiwan's broader push to diversify away from imported fossil fuels that currently meet nearly 97 percent of the island's energy needs.

TSMC's energy consumption accounted for nearly 10 percent of Taiwan's total electricity consumption in 2023, a share that could grow to nearly one-quarter of Taiwan's overall electricity usage by 2030 as the chipmaker invests in more energy-intensive manufacturing to meet global AI demand, according to S&P Global estimates cited by Data Center Dynamics.

TSMC has signed multiple renewable energy deals, including a 2020 power purchase agreement with Ørsted for 920 megawatts from the Greater Changhua offshore wind farm project (expected to become fully operational later in 2026) and a 2021 agreement with WPD to develop more than 1 gigawatt of onshore and offshore wind power.