Tag: ppa

November 7, 2023

Masdar, EDF Renewables and Nesma have signed a power purchase agreement (PPA) with the Saudi Power Procurement Company (SPPC) to develop the 1100MW Al Henakiyah solar power plant. The estimated $1bn project is expected to reach financial close in early […]

May 26, 2022

After more than 50 years of operation, the Palisades nuclear power plant was taken offline for the final time on May 20. The station was scheduled to be permanently shut down on May 31, but plant operators “made the conservative […]

April 13, 2022

A growing imbalance between power purchase agreement supply and demand, along with “skyrocketing” development costs, lifted PPA prices 9.7% during the first quarter of 2022 to nearly $40 per MWh, according to LevelTen’s Q1 PPA Price Index report. The firm […]

January 24, 2022

Renewables developer and operator Leeward Renewable Energy has signed power purchase agreements (PPAs) with telecom company Verizon for a portfolio of four under-development solar and wind plants in the US with a combined capacity of 640MW. PV projects included in […]

October 14, 2021

Lightsource BP has launched a 300MW solar project in Colorado that will “largely” power a local steel mill in what the company has said is a world’s first. The Bighorn Solar farm represents US$285 million of investment and will power […]

May 27, 2021

Pattern Energy Group LP and international energy company Uniper this week announced they have signed a 15-year power purchase agreement for up to 219,000 MWh per year of wind energy generated in New Mexico. The power will be delivered from […]

May 12, 2021

Commercial operations have commenced at EDP Renewables North America’s 104-MW Crossing Trails Wind Farm. Tri-State Generation and Transmission Association is the project’s sole offtaker, through a long-term power purchase agreement (PPA) with EDPR NA. The new wind farm is located […]

April 21, 2021

Lightsource bp said on Tuesday that it has executed a power purchase agreement (PPA) with Amazon for a new 375-MWdc solar project under development in Ohio. Once complete, the solar facility is expected to deliver nearly 600,000 megawatt hours (MWh) […]

April 13, 2021

The trend of supplying commercial and industrial locations with renewable energy—along with the Tennessee Valley Authority’s (TVA’s) continuing support of investments in power projects that support sustainability—is being recognized at one of the most-iconic distilleries in the U.S. The TVA […]

January 26, 2021

The coronavirus pandemic and resulting global economic slowdown curtailed some energy projects in 2020, but corporations worldwide still bought a record 23.7 GW of clean power through long-term purchase agreements. That’s according to research published Jan. 26 by BloombergNEF (BNEF). […]

January 22, 2021

Power purchase agreements (PPAs) in Europe could exceed 10GW of renewable energy capacity this year as deals have already started to rebound after a COVID-19 slowdown. That’s according to a new market outlook report published by renewables software firm Pexapark […]

July 22, 2020

Microsoft has unveiled its single largest renewable energy portfolio investment through a new deal with US energy firm Sol Systems. The power purchase agreement (PPA) will see Sol Systems finance, develop and operate a portfolio of over 500MW of solar […]

May 22, 2020

Retail giant Amazon has unveiled plans for five further utility-scale solar plants, including its first in China. The US-based online retailer has greenlit five new solar farms, which will add to its sizeable portfolio of renewable energy projects. Included in […]

September 20, 2019

As far as possible, Unilever’s transition to renewable electricity has been delivered through supporting the development of local renewable energy markets, with 38% of its grid electricity supplied through corporate Power Purchase Agreements (PPAs) and green electricity tariffs. Where it […]

August 22, 2019

Solar is to leapfrog wind to become the undisputed top renewable energy source for US corporates greening their supply through 2030, according to Wood Mackenzie and US wind body AWEA. In a report unveiled this week, both organisations said a […]

May 18, 2018

For the general public, “rooftop solar” generally brings to mind a small residential solar array like the one people see while driving through the neighborhood. But, rooftop solar is not limited to the residential space. It also encompasses expansive solar […]