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During the third quarter of 2023, renewables have installed a record 5.5GW of utility-scale renewable capacity, led by solar, according to American Clean Power Association (ACP).

Maria Popova of the European Federation of Energy Traders makes the case for power purchase agreements from renewable sources, as the sheer volume of renewables growth required to reach Europe’s climate target means that public financial support is unlikely to be sufficient for the task, and market-based instruments and mechanisms need to be deployed alongside.

Spanish independent power producer (IPP) Opdenergy has signed a 12-year power purchase agreement (PPA) for a 108MW solar PV project in Chile.

Spanish independent power producer Opdenergy has secured US$252 million for two solar projects with a combined capacity of 260MWdc.

North American solar power purchase agreement prices increased 4% in Q3, following a decline in prices in Q2.

Solar developer Leeward Renewable Energy has reached commercial operation of the Big Plain Solar 196MW solar PV plant in Ohio, US.

Virginia-headquartered energy utility Dominion Energy has filed a proposal with the Virginia State Corporation Commission (SCC) for 772MW worth of solar PV capacity in the state.

Latin America-focused solar developer Atlas Renewable Energy has commissioned 600MW of solar PV in Brazil.

Argentina’s Ministry of Economy has signed an agreement with ten northern provinces – also known as Región Norte Grande – to deploy 2.5GW of renewables.

US energy company Southern Power, a subsidiary of utility the Southern Company, has acquired a 150MW solar PV plant in Wyoming from PV manufacturer Qcells USA.