ROUND-UP: Innogy’s new subsidy-free duo, Terra Solar in planning victory, Better Energy’s 125MW PPA

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Innogy's Canadian push comes after the firm announced subsidy-free projects in Spain (Credit: Innogy)

Innogy to build subsidy-free 57MWp plant duo

18 February: Innogy SE is to build a fresh 57MWp in Canada through two plants in the Western province of Alberta set to enter commissioning this year.

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The German power provider announced investments in the “mid-double-digit million euro range” will back the construction of 30MWp Prairie-Sunlight II and 27MWp Prairie Sunlight III.

The subsidy-free projects, planned near the Southern Alberta town of Vauxhall, were acquired by Innogy from Canadian firm Solar Krafte Utilities.

According to the builder, construction should kick off in Q2 2019 and lead to a start of commercial operations by the end of the year.

Terra Solar’s Waterford project survives council pushback  

18 February: Terra Solar is to press ahead with plans for a solar farm in Waterford after overturning the opposition from city councillors, The Times reports.

The utility-scale developer succeeded in its appeal against Waterford council’s decision to block the facility, slated for construction on a 51-hectare site at Carrigalong.

For Terra Solar, the planning victory comes more than two years after it reaped €2.5m in financing from Irish state-owned utility the ESB Group.

As reported by sister publication Solar Power Portal at the time, ESB’s involvement – which saw it become a shareholder at Terra Solar – would support solar farms in Limerick, Watford and Wexford.

Better Energy lands 125MW PPA with Danish corporate

13 February: Better Energy has signed a PPA with Heartland, the parent group of fashion group Bestseller, for the construction of a 125MW-plus solar plant in Denmark.

The facility’s output, Bestseller said, is expected to fully satisfy the energy consumption of all the buildings it owns and operates worldwide.

Better Energy, a Copenhagen-based builder and operator of utility-scale PV, said in a statement PPAs will become a “driving market force” in the future.

These agreements, Better Energy said after signing the Bestseller PPA, will help energy buyers counter “rising utility rates” and provide producers with a “stable source of revenue”.  

22 May 2024
London, UK
At the time of writing, Europe had had its most successful year in terms of Power Purchase Agreements (PPAs) with a record 7.8GW of renewable energy contracts signed. As we gather in May 2024 for the third edition of the Renewable Energy Revenues Summit, the energy landscape continues to evolve rapidly, influenced by the beating drum of climate change, volatility around power prices and the need to decarbonise power procurement as well as generation.

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