ppa

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.

Indian renewables developer Tata Power Renewable Energy (TPREL) has signed two power purchase agreements (PPA) with the Maharashtra State Electricity Distribution Company (MSEDCL) for 350MW worth of solar PV power generation.

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.

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

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.

Tom Kenning looks at the rise of solar power in Texas, a US state better known for its role in the oil and gas industry, where a beneficial tax regime and an abundance of project land work in favour of building out solar power generation.