BASF and Ørsted have concluded a 25-year fixed-price corporate power purchase agreement (CPPA), under which BASF will offtake the output of 186 megawatts from Ørsted’s planned Borkum Riffgrund 3 Offshore Wind Farm in the German North Sea.The offshore wind farm will have a total installed capacity of 900 megawatts and go into full commercial operation … Continue reading Ørsted and BASF sign a 25-year offshore wind power PPA in Germany
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European Commission endorses corporate renewable PPAs as part of the answer to surging energy prices
Renewables are central to delivering Europe’s energy and climate ambition – reducing greenhouse gas emissions by 55% by 2030. At RE-Source 2021 globally leading businesses from different sectors of the economy underline their commitment to support Europe’s transition to a renewable energy system. This year’s event comes just a day after the European Commission endorsed … Continue reading European Commission endorses corporate renewable PPAs as part of the answer to surging energy prices
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EDP Renewables signs a PPA for 127.5 MW with Procter & Gamble
For 15 years, EDPR will supply the clean energy produced in Spain to P&G, avoiding estimated annual emissions of over 130 thousand tons of CO2. Two energy parks are expected to come into operation in 2023. EDP Renewables (Euronext: EDPR), a global leader in the renewable energy sector and the fourth largest renewable energy producer … Continue reading EDP Renewables signs a PPA for 127.5 MW with Procter & Gamble
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Statkraft signs 10-year wind power agreement with Neste in Finland
Statkraft and industrial company Neste have signed a 10-year power purchase agreement enabling the Finnish company to reduce greenhouse gas emissions with power from a Finnish wind farm under construction. Deliveries to Neste’s Porvoo refinery in Finland will start mid-2022 and the annual total volume of the wind power agreement is approximately 215 GWh, corresponding … Continue reading Statkraft signs 10-year wind power agreement with Neste in Finland
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Statkraft signs wind energy agreements with Aquila Capital
Statkraft, Europe’s largest generator of renewable energy, and Aquila Capital, a German real asset investment manager, have signed the companies’ first power purchase agreements (PPAs) in Finland. These are long-term PPAs starting in 2022 in which Aquila Capital will provide Statkraft with 100% green electricity from two wind farms at competitive price levels. The wind … Continue reading Statkraft signs wind energy agreements with Aquila Capital
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Statkraft signs PPA with Aquila Capital for two wind farms in Finland
The energy supplied in these PPAs is 100% renewable and generated by the wind farms Mastokangas (68.4 MW) and Korkeakangas (43.2 MW). These are Statkraft’s first deals in Finland with Aquila Capital, one of its longstanding partners in the Nordics. The PPAs are long-term, starting in 2022 in which Aquila Capital will provide Statkraft with 100% green electricity from two wind farms at competitive … Continue reading Statkraft signs PPA with Aquila Capital for two wind farms in Finland
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Ørsted signs power purchase agreement with the Microsoft Corporation
Ørsted and Microsoft Corporation have entered into an agreement for Microsoft to purchase energy from Old 300 Solar Center in Fort Bend County, Texas. Per the terms of Ørsted’s agreement, Microsoft will buy power from Ørsted’s 430 MWAC solar energy center Old 300 in Fort Bend County, Texas, which is expected to come online in … Continue reading Ørsted signs power purchase agreement with the Microsoft Corporation
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EDPR and AWS enter into a collaboration agreement on renewable energy PPAs
This collaboration reinforces the strong commercial relationship already in place between EDPR and Amazon. EDP Renewables (Euronext: EDPR), the fourth largest renewable energy producer in the world, has entered into a strategic collaboration agreement with Amazon Web Services (AWS) in relation to Power Purchase Agreements (PPA) for future wind and solar projects and the provision … Continue reading EDPR and AWS enter into a collaboration agreement on renewable energy PPAs
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BCPG unveils 600 MW wind energy PPA in Laos
BCPG announced today that a minority-owned associate has entered into a power purchase agreement (PPA) for a 600-MW wind power project in Laos. Impact Energy Asia Development Limited (IEAD), which is 45%-owned by the renewable energy arm of Bangchak Corporation has signed a 25-year contract with state-run Vietnam Electricity at a tariff of EUR 58.7 … Continue reading BCPG unveils 600 MW wind energy PPA in Laos
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Naturgy signs PPA with Telstra to build 58 MW wind farm in New South Wales, Australia
The Crookwell 3 wind farm is designed to generate enough energy to power 40,000 households. Naturgy’s subsidiary GPG is one of the top 3 independent renewable energy companies in Australia. Agreement reflects Naturgy’s commitment to contributing to the growth of renewable energy industry in Australia. GPG will invest approximately AUD120m (equivalent to approximately €76m) to … Continue reading Naturgy signs PPA with Telstra to build 58 MW wind farm in New South Wales, Australia
Continue readingCapital Energy signs wind energy PPAs in Spain with Statkraft
The agreements, with a term of up to 10 years, contemplate the sale of all the wind energy produced by three Capital Energy wind farms with an installed capacity of 126 megawatts (MW).Thanks to the Power Purchase Agreements signed with Statkraft, the Spanish company continues to strengthen the financial structure of its three most mature … Continue reading Capital Energy signs wind energy PPAs in Spain with Statkraft
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Wind power auctioning bounces back with 160% year-on-year rise in Q1 2021
According to the latest GWEC Market Intelligence, nearly 7 GW of wind power capacity was auctioned globally in Q1 2021 – a 160% year-on-year increase compared to Q1 2020, which saw only 2.7 GW auctioned due to a slowdown caused by the first wave of the COVID-19 pandemic. Offshore wind accounted for the majority of … Continue reading Wind power auctioning bounces back with 160% year-on-year rise in Q1 2021
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Public Sector Wind Power Purchase Agreements Support Europe’s Decarbonization
The Dutch Directorate-General for Public Works and Water Management (Rijkswaterstaat) has signed a Power Purchase Agreement (PPA) with a 22 turbine wind farm in the Port of Rotterdam that is being developed by the utility Eneco. The wind farm will be on land owned by the Rijkswaterstaat. It will generate 400 GWh of electricity a … Continue reading Public Sector Wind Power Purchase Agreements Support Europe’s Decarbonization
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EDP Renewables and MSD sign long-term 40 MW PPA for a wind power project in Spain
The contract duration is 15 years and the project, located in Albacete, is expected to start operations in 2023. EDP Renewables, a world leader in the renewable energy sector and the world’s third largest wind power producer, has signed a 15-year power purchase agreement (PPA) with pharmaceutical company MSD (tradename of Merck & Co., Inc., … Continue reading EDP Renewables and MSD sign long-term 40 MW PPA for a wind power project in Spain
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Daimler and Statkraft have signed a PPA to use wind power and solar energy to power Mercedes factories
Daimler and Statkraft have signed a renewable Purchase Power Agreement (PPA) to use wind and solar energy to power Mercedes factories, 24/7. An increasing number of big industrial players are looking to decarbonise their operations through these agreements with renewables. Daimler have already signed PPAs with wind farms in Germany and Poland. But this new … Continue reading Daimler and Statkraft have signed a PPA to use wind power and solar energy to power Mercedes factories
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Ørsted signs a PPA wind power agreement with Nucor
Nucor will purchase energy from the Western Trail onshore wind farm, currently under construction and expected to be operational later this year. Nucor, a steel manufacturer, has signed a long-term agreement to purchase energy from the 367 MW wind farm in Texas. “Western Trail will utilise Nucor steel, demonstrating our ability to develop multilateral supply … Continue reading Ørsted signs a PPA wind power agreement with Nucor
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Danfoss and Ørsted sign wind power PPA
Two of Denmark’s largest companies, Danfoss and Ørsted, have signed a corporate power purchase agreement for 27 MW of the capacity of Horns Rev 2 Offshore Wind Farm. Danfoss, a world-leading industrial manufacturer of energy efficient solutions, has signed a 10-year fixed price corporate power purchase agreement (CPPA) with Ørsted to offtake the renewable electricity … Continue reading Danfoss and Ørsted sign wind power PPA
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BP closes PPA of wind energy with Casa dos Ventos in Brazil
British oil company BP signed a 15-year contract to purchase wind power from Brazilian renewable project developer Casa dos Ventos. The agreement, which provides for the supply of wind energy with wind turbines from 2023, was signed with BP’s local energy marketing unit and provides for the delivery of production from the Rei do Vento … Continue reading BP closes PPA of wind energy with Casa dos Ventos in Brazil
Continue readingSidenor and Naturgy sign PPA for the supply of wind energy and solar power
The companies sign an electricity supply contract under the PPA modality with a supply equivalent to 350 GWh per year from solar and wind energy for 10 years.The agreement reinforces Sidenor’s commitment to decarbonisation and the fight against climate change. Sidenor and Naturgy have signed a renewable energy supply agreement. By virtue of this agreement, … Continue reading Sidenor and Naturgy sign PPA for the supply of wind energy and solar power
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Kellogg, Enel Sign Agreement for Wind Power in North America
Through a virtual power purchase agreement (VPPA), Enel will sell a portion of the electricity delivered to the grid from the Azure Sky wind project to Kellogg Company.With operations expected in the first-half of 2022, the project, which consists of a 350 MW wind facility paired with approximately 137 MW of battery storage, will be … Continue reading Kellogg, Enel Sign Agreement for Wind Power in North America
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