Google has signed a power purchase agreement (PPA) to purchase renewable electricity from a Scottish offshore wind farm. The agreement, reached with ENGIE, covers 100 MW of the capacity of the 882 MW Moray West offshore wind farm on the outskirts of the Moray Firth, which is expected to be fully operational by early 2025 … Continue reading Scottish offshore wind farm to power Google
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Acciona Energía signs PPA to supply renewable energy to Stanwell Corporation
MacIntyre wind farm: ACCIONA Energía will supply 150MW of renewable electricity to Queensland’s publicly owned energy generator from the largest wind farm in the southern hemisphere. ACCIONA Energía has signed an agreement for the supply of 150MW of 100% renewable energy to Queensland’s publicly owned energy generator Stanwell Corporation. The energy will come from ACCIONA … Continue reading Acciona Energía signs PPA to supply renewable energy to Stanwell Corporation
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The European cap of €180/MWh for renewable energy technologies should be included in PPA
The cap of €180/MWh on the income from electricity production with inframarginal technologies established by the European Union will affect the PPA contracts signed by renewable energy plants. Although, in the case of Spain, it is expected that this measure will have little importance as long as the reduction mechanism remains in force. On Thursday, … Continue reading The European cap of €180/MWh for renewable energy technologies should be included in PPA
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Envision Energy signs 20-year PPA in Bangladesh
Envision Energy, a global leading green tech company, announced the signing of a Power Purchase Agreement (PPA) on September 4th, 2022 with Bangladesh’s state-owned utility, Bangladesh Power Development Board (BPDB). According to the agreement, Envision Energy will build a 55MW wind farm at Mongla in Bagerhat, and BPDB has committed to purchase all the electricity … Continue reading Envision Energy signs 20-year PPA in Bangladesh
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European businesses want to source renewables to tackle energy crisis; but emergency measures risk threatening PPA market
In the midst of Europe’s energy crisis, caused by the Russian invasion of Ukraine and its subsequent cuts of gas exports to Europe, the RE-Source 2022 event started today. Organised by the RE-Source Platform, Europe’s largest corporate renewable electricity sourcing event will gather 1,000 key players in Amsterdam to exchange on renewable Power Purchase Agreements … Continue reading European businesses want to source renewables to tackle energy crisis; but emergency measures risk threatening PPA market
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Endesa and Alcoa agree PPA for wind energy in Galicia
Both companies have signed a PPA (Power Purchase Agreement) that also incorporates energy management agreements that Alcoa may have with other companies.Endesa will provide 1,151 GWh per year at a stable price that will come from part of the energy generated by 816 MW of wind farms in process in the north of Galicia. The … Continue reading Endesa and Alcoa agree PPA for wind energy in Galicia
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BayWa r.e. and BT Group sign a Virtual PPA for an onshore wind farm in Scotland
BayWa r.e., a global company specializing in renewable energy, and BT Group, the UK’s leading telecommunications and network provider, have signed a Virtual Power Purchase Agreement (VPPA) for the Dalquhandy wind farm , in South Lanarkshire, Scotland. This is one of the first deals of its kind to take place in the UK. Under the … Continue reading BayWa r.e. and BT Group sign a Virtual PPA for an onshore wind farm in Scotland
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Acciona Energía signs 10-year PPA with Zen Energy in Australia
Waubra wind farm: ACCIONA Energía will supply 200GWh/year of renewable energy to the electricity retailer. ACCIONA Energía has signed a 10-year Power Purchase Agreement (PPA) with Australian electricity retailer ZEN Energy (ZEN). The agreement will supply 200GWh/year of 100% renewable energy from ACCIONA Energía’s Waubra Wind Farm. Located in the State of Victoria, the Waubra … Continue reading Acciona Energía signs 10-year PPA with Zen Energy in Australia
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Statkraft supports financing of solar park with 5-year PPA
Statkraft, Europe’s largest producer of renewable energy, has signed a 5-year power purchase agreement (PPA) for the Strasen solar park. The Norwegian energy company is thus supporting the construction and operation of the 30 MW solar park. The solar park, which is being developed, pre-financed and built by the Baden-Württemberg-based solar developer Sunovis, will operate … Continue reading Statkraft supports financing of solar park with 5-year PPA
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Vattenfall and Air Liquide sign long-term electricity supply agreement for offshore wind power
Air Liquide has signed its largest long-term Power Purchase Agreement (PPA) to date in the Netherlands with Vattenfall, for 115 MW or around 500 GWh per year, of renewable electricity from the offshore wind farm Hollandse Kust Zuid. This PPA comes in addition to a 100 GWh-PPA with Air Liquide announced in March 2021, expanding … Continue reading Vattenfall and Air Liquide sign long-term electricity supply agreement for offshore wind power
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Clorox, Enel Sign PPA for 25 Mile Creek Wind Farm
The Clorox Co. has signed a 12-year, 47 MW virtual power purchase agreement (VPPA) with Enel Green Power North America to purchase renewable electricity beginning in 2023. This deal supports its commitment to 100% renewable electricity for its U.S. and Canada operations. When it goes into effect, this deal is expected to support about half … Continue reading Clorox, Enel Sign PPA for 25 Mile Creek Wind Farm
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GE Renewable Energy to reduce its carbon footprint in Europe through a wind PPA with Forestalia
Purchasing electricity from Forestalia’s El Coto wind farm in Spain which generates enough power to support more than 60% of GE Renewable Energy operations in Europe.The 12-year long PPA will reduce GE Renewable Energy’s emissions by ~13k tCO2e annually, 79% of its current carbon footprint from electricity in Europe. The agreement reflects GE Renewable Energy’s … Continue reading GE Renewable Energy to reduce its carbon footprint in Europe through a wind PPA with Forestalia
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Statkraft and ABO Wind conclude a 10-year wind energy PPA in Finland
Statkraft and ABO Wind have concluded a ten-year power purchase agreement (PPA) for the Finnish wind farm Pajuperänkangas. Statkraft also receives the rights to the Guarantees of Origins of the electricity produced. The 14 wind turbines are scheduled to be connected to the grid in autumn 2023 and can produce enough electricity to supply approximately … Continue reading Statkraft and ABO Wind conclude a 10-year wind energy PPA in Finland
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The lack of projects with PPA brings merchant projects into focus of financing
Out of the projects under the reasonable profitability regime of RD 413/2014, there are already very few that need financing. The extreme price volatility in the electricity markets today resulted in few PPA contracts being closed. Faced with this situation of little availability of renewable energy projects to finance, lenders are beginning to change their … Continue reading The lack of projects with PPA brings merchant projects into focus of financing
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State guarantees for PPA with electrointensive consumers
The guarantees by the State to facilitate PPA for electro?intensive consumers at competitive prices with renewable energy projects are already available. CESCE, the managing agent of these guarantees, offers insurance both to the financial entities that issue guarantees for electro?intensive consumers and to the sellers of the energy in the PPA. In the Spanish version … Continue reading State guarantees for PPA with electrointensive consumers
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Meta signs 225MW wind power PPA in Iowa
Apex’s Great Pathfinder wind farm will power Meta’s 5 million sq ft Altoona data center.Meta – the company formerly known Facebook – has signed a power purchase agreement (PPA) with Apex Clean Energy to procure wind energy in Iowa. The social media giant as signed a deal for the full 225MW capacity of the Great … Continue reading Meta signs 225MW wind power PPA in Iowa
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Iberdrola awarded PPA for Commonwealth Wind, a US offshore wind farm with over $4 billion investment
Ignacio Galán: “Commonwealth Wind will power hundreds of thousands of homes and businesses in Massachusetts with clean energy, creating thousands of local jobs across the supply chain. It will also be a key project in helping the U.S. to achieve the 30.000 MW offshore wind target by 2030”. The facility will have 1,232 MW capacity … Continue reading Iberdrola awarded PPA for Commonwealth Wind, a US offshore wind farm with over $4 billion investment
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Ørsted and Amazon expand cooperation with additional corporate power purchase agreements
Amazon, the multinational technology, e-commerce, cloud computing, and digital streaming company based in Seattle, Washington, and Ørsted are today announcing two new corporate power purchase agreements totalling 116 MW of capacity across onshore and offshore wind. Specifically, Amazon will offtake the output of 100 MW from Ørsted’s 900 MW Borkum Riffgrund 3 Offshore Wind Farm … Continue reading Ørsted and Amazon expand cooperation with additional corporate power purchase agreements
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RWE signs its largest ever PPA with EDF
RWE has signed a fifteen-year power purchase agreement (PPA) with EDF who will purchase the renewable electricity from Sofia Offshore Wind Farm which is set for full generation in 2026. In what represents RWE and EDF’s largest renewable energy agreement to date, EDF will offtake all the wind energy that Sofia will produce, expected to … Continue reading RWE signs its largest ever PPA with EDF
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Ørsted enters into pPA with Johnson & Johnson in Ireland and the US
Johnson & Johnson and Ørsted have signed two power purchase agreements (PPAs). Johnson & Johnson will purchase energy from Sparta Solar in Texas, US, and from the two onshore wind farms Kilgarvan and Booltiagh 1 in Ireland. Johnson & Johnson has signed two PPAs with Ørsted to offtake power from Sparta Solar in Texas in … Continue reading Ørsted enters into pPA with Johnson & Johnson in Ireland and the US
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