power purchase agreement

Retail giant Gap is one step closer to its 100% renewable energy goal. Michigan utility Upper Peninsula Power Company adds 125MW of solar to its portfolio. The US Airforce is investing in solar-powered space vehicle research. CleanChoice Capital says yes to solar bees.

The utility wants to add projects larger than 5MW to its portfolio in order to achieve its target of 3GW of solar and wind in Virginia by 2022.

‘MiniRen’ auction awards PV players 96.75MW of the 128MW they had collectively bidden for, with 13 projects contracted at average tariffs of US$57.59/MWh.

New Jersey-based power producer Soltage has acquired 14MW of contracted solar assets from renewables developer ReNew Petra. The power is earmarked for rural North Carolina communities.

NADEC inks 25-year PPA with clean energy developer for project to help power complex in country’s east, with plans to launch supply in autumn 2020.

Centrica subsidiary Direct Energy will acquire power from 32MWp/23MWac solar installation, predicted to be province’s largest once complete.

German group repeats PPA offtaker for 121MW project north of Andalusian city, while Spanish firm turns to Bankia, Bankinter to back 112MW trio in same province.

Agreement to transfer annual 525GWh for ten-and-a-half years is billed by signatories as largest long-term supply deal seen in Spain to date.

NextEra Resources will build a 100MW solar farm for Arkansas utility Entergy Arkansas, to include 30MW of battery energy storage, as Entergy seeks to build out solar capacity in the state.

The addition of energy storage has made a 1MW community rooftop solar project in Massachusetts viable after a long-term PPA was secured with a local utility.