ppa

A round-up of the latest PV project news from the US and Europe, including two announcements in Spain, the inauguration of a pair of Hungarian PV plants and operations beginning at an installation in Colorado from Lightsource bp.

More power purchase agreements (PPA) were signed last year, although contracted PPA volumes dropped by more than 20%, according to the European PPA Market Outlook 2023 conducted by Pexapark.

Oil company Eni's renewables subsidiary Plenitude has inaugurated a 263MW solar PV plant in Texas.

A round-up of the latest news from the power purchase agreement market, including a virtual PPA between EDF and Thermo Fisher Scientific in Texas, Engie signing a 116MW PPA with Digital Realty in Germany and PG&E securing 30MW of community solar PPAs.

Power purchase agreements must become a mainstream tool for the development and energy supply of renewables, according to SolarPower Europe.

Australian energy retailer SmartestEnergy has signed a long-term power purchase agreement (PPA) with renewable energy project owner Octopus Group to offtake 25% generation from a solar farm.

Enfinity Global has signed a 10-year PPA with renewable energy generator Statkraft, producing 191GWh of electricity in Italy a year. 

The US and Europe saw relatively modest increases in the average prices of solar power purchase agreements (PPA) in Q4 2022; 4% and 3% respectively.

Middle Eastern renewable energy company AMEA Power has signed an agreement with the Ivory Coast government for a solar PV project.

Colombian oil company Ecopetrol has selected independent power producer Total Eren for the construction and operation of a 100MWp solar plant in Colombia.