ACCIONA Energía announced today a new power purchase agreement (PPA) to supply 80GWh/year of 100% renewable electricity to Iberostar Group for 11 years. The supply will cover all the electricity requirements of Iberostar offices and hotels, and those of its World2meet travel division, throughout Spain. The electricity will come from ACCIONA Energía’s renewable energy facilities … Continue reading Acciona Energía signs PPA with Iberostar Group for the supply of renewable electricity in Spain
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Acciona Energía signs PPA with Vidrala to supply wind energy to its plants in Spain and Portugal
ACCIONA Energía has signed a power purchase agreement (PPA) with Vidrala, a leading company in the design and manufacture of glass containers, for the supply of renewable energy for a period of 10 years. Through this agreement, Vidrala will cover between 20% and 25% of its electricity needs. The contract will come into effect in … Continue reading Acciona Energía signs PPA with Vidrala to supply wind energy to its plants in Spain and Portugal
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Saudi Arabia signs one of the cheapest wind power PPAs in the world
The state-owned Saudi Power Procurement Company will purchase electricity from two planned wind farms in Saudi Arabia (Al Ghat with 600 MW and Wa’ad Al Shamal with 500 MW) through what are supposed to be the world’s cheapest wind PPAs. At least, this is claimed by Prince Abdulaziz bin Salman Al Saud, Saudi Arabia’s Minister … Continue reading Saudi Arabia signs one of the cheapest wind power PPAs in the world
Continue readingMarubeni secures 1.1 GW wind power deal in Saudi Arabia
The Power Purchase Agreement (PPA) covers two projects, which will contribute 1.1 GW of wind energy to the national grid.One of Japan’s largest trading and investment conglomerates, Marubeni Corporation, has closed an agreement with Saudi Power Procurement Company (SPPC) to build two major wind energy projects in Saudi Arabia. The projects will be developed in … Continue reading Marubeni secures 1.1 GW wind power deal in Saudi Arabia
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RWE signs two 15-year PPA with Microsoft to supply wind energy from two onshore wind projects in Texas with 446 megawatts
RWE, one of the leading renewable energy companies in the U.S. and worldwide, has signed two 15-year Power Purchase Agreements (PPAs) with Microsoft Corporation. Under the PPAs, Microsoft will purchase clean electricity from two new RWE onshore wind farms in Texas. The official groundbreaking for the RWE Peyton Creek II onshore wind farm has just … Continue reading RWE signs two 15-year PPA with Microsoft to supply wind energy from two onshore wind projects in Texas with 446 megawatts
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Iberdrola supplies 900 GWh of photovoltaics to Salzgitter in Germany
Iberdrola Deutschland and Salzgitter Flachstahl GmbH have concluded a further power purchase agreement (PPA) for 15 years. From 2025, Iberdrola Deutschland will supply Salzgitter Flachstahl GmbH with around 60 gigawatt hours (GWh) of green electricity per year. The solar power will come from Iberdrola’s second large-scale PV plant in Germany, which will be built in … Continue reading Iberdrola supplies 900 GWh of photovoltaics to Salzgitter in Germany
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Matrix Renewables signs renewable power purchase agreement (PPA) with Hyundai Motor Group for solar photovoltaic project in Texas
Matrix Renewables, the global renewable energy platform backed by TPG, has announced the signing of a renewable power purchase agreement (“PPA”) with affiliates of Hyundai Motor Group for 147 MWac of its Stillhouse Solar project, with 284 total MW of solar photovoltaic energy, which is located in Bell County, Texas (USA). The Stillhouse Solar project … Continue reading Matrix Renewables signs renewable power purchase agreement (PPA) with Hyundai Motor Group for solar photovoltaic project in Texas
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SkyPower signs PPA for 1 GW of photovoltaic in Zambia
SkyPower Global has signed a power purchase agreement (PPA) with Zambia’s state-owned utility, ZESCO Ltd, to deliver 1,000 MW of photovoltaic power. The PPA will support the Green Giant Zambia project, which is expected to supply electricity to around 4 million homes, boost job creation and add more renewable energy to Zambia’s copper mining-based economy. … Continue reading SkyPower signs PPA for 1 GW of photovoltaic in Zambia
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Acciona Energía signs a photovoltaic PPA with DaVita in Spain
ACCIONA Energy has signed a power purchase agreement (PPA) with DaVita, a leading provider of healthcare services specialized in dialysis and chronic kidney disease treatments, to supply 100% renewable electricity in Spain for 12 years. The electricity will come from the Ayora I-II-III photovoltaic complex (85.74 MWp), currently under development in the municipality of Jarafuel … Continue reading Acciona Energía signs a photovoltaic PPA with DaVita in Spain
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EDP Renewables and Walmart sign a new long-term photovoltaic energy purchase and sale agreement in the US.
The agreement adds to a long-standing partnership that includes 431 MW of offtake from both utility-scale and distributed generation sites across North America. EDP Renewables North America LLC (EDPR NA) and Walmart Inc. have signed a 15-year power purchase agreement (PPA) for a part of a 250 MWp (or 180 MWac) solar project in Texas, in the … Continue reading EDP Renewables and Walmart sign a new long-term photovoltaic energy purchase and sale agreement in the US.
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Statkraft supplies solar photovoltaic and wind power to e-mobility expert Vitesco Technologies
Statkraft, Europe’s largest producer of renewable energy, has concluded a Power Purchase Agreement (PPA) with Vitesco Technologies, a leading international developer and manufacturer of modern drive technologies for sustainable mobility, for the supply of a total of around 83,000 MWh of renewable electricity from solar and onshore wind power plants. Since January 2024, Statkraft has … Continue reading Statkraft supplies solar photovoltaic and wind power to e-mobility expert Vitesco Technologies
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Mainstream reaches financial close on 97.5 MW solar photovoltaic plant with corporate PPAs in South Africa
Mainstream Renewable Power (“Mainstream”), the pureplay global wind and solar company, has reached financial close on a 97.5 MW solar PV farm which has 20-year Power Purchase Agreements (PPAs) with Sasol and Air Liquide, in South Africa. Construction of the solar PV farm, which is located in the Free State province, will start this … Continue reading Mainstream reaches financial close on 97.5 MW solar photovoltaic plant with corporate PPAs in South Africa
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RWE to supply seven German companies with wind power from Kaskasi wind farm from 2026
RWE Supply & Trading concludes Power Purchase Agreements with major industrial customers for around 1,000 gigawatt hours per year. High industrial demand for green electricity. RWE’s Kaskasi offshore wind farm will supply seven major German industrial customers with green electricity from 2026. Corresponding Power Purchase Agreements (PPAs) have been signed between RWE Supply & Trading and … Continue reading RWE to supply seven German companies with wind power from Kaskasi wind farm from 2026
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Avangrid and Amazon sign agreement for wind energy in Oregon
Avangrid (Iberdrola) entered into a power purchase agreement (PPA) with Amazon, marking a significant step in both companies’ renewable energy strategies. The PPA belongs to the Amazon Wind Farm Oregon – Leaning Juniper IIA, located in Gilliam County, which will provide Amazon with 98.4 megawatts (MW) of wind energy. The general director of Avangrid, Pedro … Continue reading Avangrid and Amazon sign agreement for wind energy in Oregon
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EDP Renewables seals its first long-term photovoltaic contract in Germany
EDP Renewables (EDPR), leader in the development of renewable energy worldwide, signed a Power Purchase Agreement (PPA) with Lhyfe, a producer and supplier of green hydrogen to serve industry and mobility sectors. The deal signed through Kronos Solar EDPR is an important milestone as it is the first long-term corporate contract for the supply of … Continue reading EDP Renewables seals its first long-term photovoltaic contract in Germany
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Rio Tinto acquires 1.1 GW solar photovoltaic plant in Australia
Rio Tinto, the mining giant, on Wednesday announced a deal to buy all the electricity from the 1.1 GW Upper Calliope Solar Farm in Australia, in an effort to cut their global carbon emissions in half by 2030. The 25-year agreement with European Energy Australia means Rio Tinto gets a stable supply of green power. … Continue reading Rio Tinto acquires 1.1 GW solar photovoltaic plant in Australia
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Financial and accounting implications of PPA
It is important to anticipate the financial and accounting implications of preparing PPA contracts. There are important differences in the accounting treatment between physical and financial PPA and, in the case of the latter, their accounting can lead to volatility in the income statement. Experts stress the relevance of long-term price forecasts for a reliable … Continue reading Financial and accounting implications of PPA
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RE-Source 2023 marks 7.8 GW PPA record but industry urges for barriers to be removed to reach EU net zero objectives
Consistent growth of renewable corporate power purchase agreements (PPAs) proves that corporates are stepping up their commitments to the energy transition. But corporate energy buyers are calling on policymakers to use the EU Electricity Market Design (EMD) reform to remove the remaining barriers to PPAs. Record-breaking year in the EU PPA market with companies procuring … Continue reading RE-Source 2023 marks 7.8 GW PPA record but industry urges for barriers to be removed to reach EU net zero objectives
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Iberdrola supplies wind energy to global brake giant TMD
Iberdrola and the world’s largest manufacturer of brake materials, TMD Friction Services, have signed a contract for the long-term supply of clean electricity (PPA) for 15 years. With this agreement, the utility will supply around 50 GWh per year of green electricity, which will cover more than 50% of TMD’s total demand in Germany from … Continue reading Iberdrola supplies wind energy to global brake giant TMD
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Spain brings solar PPA to lead Europe
PPA are booming as a tool in the energy transition. PPA allow renewable energy producers to guarantee the long?term sale of their production, facilitating financing. In turn, consumers ensure a supply at agreed prices, avoiding market volatility and demonstrating their commitment to the environment. Spain has brought solar PPA to lead in Europe. AleaGreen facilitates … Continue reading Spain brings solar PPA to lead Europe
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