power purchase agreement

A recent report covered by PV Tech suggested that solar power purchase agreement (PPA) prices in North America have dropped for the first time since the first quarter of 2020, but this could hardly be a long term trend as multiple challenges will prevent the prices from falling. 

Florida-headquartered NextEra Energy has signed a renewable product purchase agreement (RPPA) with chemical manufacturing company Ingevity Corporation, offering 85MW of capacity at a new solar site in Texas.

Nucor has signed a power purchase agreement with NextEra Energy to acquire 250MW from the latter’s upcoming Sebree Solar project in Kentucky.

Greek renewables firm PPC and international energy company RWE have taken final investment decision to develop, through their joint venture Meton Energy, 280MW of solar capacity in Greece.

Arizona utility Salt River Project (SRP) has secured a power purchase agreement (PPA) for an additional 475MWdc or 394MWac from utility-scale solar power plant operator Clēnera.

Independent power producer (IPP) BrightNight has partnered with automaker Rivian and environmental nonprofit The Nature Conservancy to develop an 800MW solar PV project on a former coal mine in Kentucky, US.

Matrix Renewables has started commercial operations at three solar projects in Spain, with a combined capacity of 129MW.

Indian state-owned utility SJVN will develop 1.2GW of solar PV projects to supply power to the Punjab State Power Corporation Limited.

Solar power purchase agreement prices in Q2 2023 in North America have dropped for the first time since Q1 2020 thanks to the increase in incorporating benefits of the Inflation Reduction Act and a stabilised solar supply chain.

BioPower Operations has announced plans to build a 1GW solar power facility in the South African state of Mpumalanga.