power purchase agreement

Two utilities in Kentucky, US, have received approval from the Kentucky Public Service Commission (KPSC) to add 1GW of solar PV and energy storage to replace a 600MW coal plant by 2027.

Indian energy conglomerate Avaada Group will develop a 1.4GW solar PV project in its home country.

European electric vehicle infrastructure company Allego has signed two ten-year power purchase agreements (PPA) for a total of 100GWh of annual power output. The deals are linked with a solar PV and a wind generation project.

Independent power producer D.E. Shaw Renewable Investments has reached commercial operation of a 100MW solar PV plant in California, US.

During the third quarter of 2023, renewables have installed a record 5.5GW of utility-scale renewable capacity, led by solar, according to American Clean Power Association (ACP).

Maria Popova of the European Federation of Energy Traders makes the case for power purchase agreements from renewable sources, as the sheer volume of renewables growth required to reach Europe’s climate target means that public financial support is unlikely to be sufficient for the task, and market-based instruments and mechanisms need to be deployed alongside.

Spanish independent power producer (IPP) Opdenergy has signed a 12-year power purchase agreement (PPA) for a 108MW solar PV project in Chile.

French renewable power producer Neoen has begun construction on a 100MWp PV plant in Sweden, alongside Swedish independent power producer (IPP), Alight.

French oil giant TotalEnergies has reached commercial operations of a 380MWp solar-plus-storage project in Texas, US.

Spanish independent power producer Opdenergy has secured US$252 million for two solar projects with a combined capacity of 260MWdc.