power purchase agreement

A consortium between Abu Dhabi-based Masdar, EDF Renewables and Nesma Holding Company has broken ground on a 300MW PV project in Saudi Arabia.

Utility group Black Hills Energy has signed a 15-year power purchase agreement (PPA) with solar energy company 174 Power Global for its first large-scale solar power project in Colorado, US.

Saudi Arabian developer ACWA Power has finalised agreements for the 200MW Kom Ombo solar plant in Egypt, with construction work set to begin later this year.

Dubai-based Phanes Group has signed a deal with the government of Uzbekistan to develop a 200MWac PV project in the country.

As the solar industry has matured and sustainable investment has moved up on the global market’s list of priorities, power purchase agreements (PPAs) have become a mutually beneficial arrangement between developers and the corporate world. But SMEs have remained difficult to cater for in comparison to larger, more bankable offtakers or utilities with permanent facilities. Edith Hancock explores how this might be changing.

Solar technology company Nextracker has secured a deal to supply 125MW of its NX Horizon trackers to a number of Spanish project sites owned by independent power producer (IPP) Solaria.

Lightsource BP has secured a power purchase agreement (PPA) with electricity company Snowy Hydro to supply 88 service stations in New South Wales, Australia with solar energy.

This year’s 26th UN Climate Change Conference of the Parties (COP26) could be a catalyst for growth in the private solar market.

Shorter purchasing contracts with private companies could be a "lucrative" short-term source of income for Poland's solar market.

A round-up of the latest solar PV project updates around the world, including news from NextEnergy Capital, Lightsource BP, and Sonnedix.