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Meta has signed two power purchase agreements (PPAs) with German firm RWE to acquire power from two of its solar farms in the US.

Graphic Packaging International (GPI) will acquire electricity from an 83MW solar portfolio operated by Zelestra.

RWE Supply & Trading and the Salzgitter Group have signed a power purchase agreement (PPA) for the 180MW Boitzenburger Land solar park.

Signed through a 20-year PPA with Bangladesh Power Development Board (BPDP), a state-owned company, the electricity generated from the plant will be sold at a fixed price of US$0.1094/kWh.

Encavis has secured €145 million in financing to complete the construction of the 260MW Bartow solar park in Germany.

Indian renewable power developer ReNew has commissioned a 400MW solar project in the northern Indian state of Rajasthan.

Pexapark's latest report notes a 1.5% decline in the average price of a PPA signed in Europe from the end of May to the end of June.

The power purchase agreement consists of a portfolio of six solar PV projects located in the Italian regions of Lazio and Emilia Romagna.

Both projects are expected to reach commercial operations in 2025, while construction is carried out by renewables contractor Blattner Energy.

LevelTen energy has published its latest report into renewable energy PPA prices, with the average European PPA price falling by 27%.