power purchase agreement

Portuguese utility EDP Renováveis has signed a power purchase agreement (PPA) with consumer goods manufacturing giant Proctor & Gamble.

US-headquartered global renewable energy developer Enfinity Global has signed another power purchase agreement (PPA) with Statkraft for 34GWh of solar energy produced at one of its Italian PV facilities.

Procuring power purchase agreement tools will be an option for industry players amid an energy pricing crisis and volatility.

UK-based energy group Octopus Energy has made its first steps in the Asian renewables market with an investment in Japanese solar developer Yotsuya Capital.

The PPA can provide secured long-term visibility of cash flows to the company, according to NextEnergy Solar Fund.

Indiana Michigan Power (I&M) – a state subsidiary of American Electric Power – has signed two agreements with EDF Renewables North America relating to 554MWdc worth of solar PV projects in Indiana.

US solar developer Swift Current Energy has started construction on its 800MWdc ‘Double Black Diamond’ solar PV project in central Illinois.

Power generated by the PV plant will be sold to Colombian energy trading firm Spectrum through a power purchase agreement.

Enel North America  and global food giant Nestlé have partnered on a Texas solar-plus-storage project with both an investment and a power purchase agreement (PPA) in place.

PV Tech spoke with Peter Dickson, partner at Glennmont Partners, one of Europe’s largest renewable energy investment managers, about PPAs, legislation and price capping.