power purchase agreement

Power purchase agreements must become a mainstream tool for the development and energy supply of renewables, according to SolarPower Europe.

US-based renewable energy developer Apex Clean Energy has signed an environmental asset purchase agreement with tech giant Meta for a 195MW solar project in Texas.

US solar power purchase agreement (PPA) prices continued to climb in Q4 2022, as supply chain blockages and uncertain legislation increase costs for developers, according to renewables transaction infrastructure provider LevelTen Energy.

Australian energy retailer SmartestEnergy has signed a long-term power purchase agreement (PPA) with renewable energy project owner Octopus Group to offtake 25% generation from a solar farm.

The US and Europe saw relatively modest increases in the average prices of solar power purchase agreements (PPA) in Q4 2022; 4% and 3% respectively.

Colombian oil company Ecopetrol has selected independent power producer Total Eren for the construction and operation of a 100MWp solar plant in Colombia.

Developer Mytilineos has signed a 10-year power purchase agreement with energy giant Statkraft for four solar farms in Italy with a total capacity of 63MW.

In early December, the Dutch government announced a €130/MWh revenue cap on solar and wind generation. The decision to lower the cap draws eyes, and potentially spells trouble for the country that installed Europe’s fourth largest solar capacity in 2022.

A subsidiary of US utility American Electric Power (AEP) has issued a request for proposals for off-take from new and existing solar and wind facilities in the PJM Interconnection area and new solar facilities located in the ERCOT area.

Fashion retailer H&M has signed a power purchase agreement with independent power producers Neoen and Alight for a 90MWp solar park in Sweden.