power purchase agreement

ACWA Power has signed an agreement with Badeel – the water and electric holding company of the Saudi Arabian Public Investment Fund (PIF) – to develop 4.5GW of solar PV projects in Saudi Arabia. The projects will represent an investment of SAR12.2 billion (US$3.3 billion).

US renewables developer rPlus energies has signed a long-term power purchase agreement (PPA) with Idaho Power – a state utility – for its planned 200MW Pleasant Valley Solar project in Ada County, Idaho. The power will support operations at a data centre owned by Silicon Valley giant Meta.

Renewables developer Sonnedix has signed a 10 year power purchase agreement (PPA) with US data company Equinix for 150MWp worth of solar PV.

Atlas Renewable Energy has signed a power purchase agreement (PPA) with Brazil’s largest aluminium producer for its 902MWp PV project in the state of Minas Gerais.

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.