offtake

European power purchase agreement (PPA) prices fell 0.6% between July and August this year, according to Swiss consultancy Pexpark.

JP Casey investigates efforts currently being made to standardise the offtake agreement for the renewable power sector.

Lucy Nation has said bp paid the price for proceeding “too quickly,” resulting in its exit from the 26GW AREH project in Pilbara.

Companies have signed 4.22GW of solar PV power purchase agreements in the first half of 2025, according to Swiss consultancy Pexapark.

Adapture Renewables and Meta have signed two EAPAs that will see the latter acquire power from a 360MW Texas solar portfolio.

This year’s Renewables Procurement & Revenue Summit (RPR Europe) will bring together more than 300 renewable energy and finance leaders.

Many of the mechanisms used to manage the finances of the solar sector have not kept pace with the rate of capacity additions.

US technology giant Microsoft has signed virtual power purchase agreements (VPPAs) for 389MW of solar capacity with EDP Renewables.

The deal will cover power generated at two DESRI facilities in the US, a 250MW project in Missouri and a 150MW project in Texas.

Magdalena Hilgner of PLAY explains that projects that deliver power reliably and at a fair price will always be attractive for offtakers.