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European renewable power purchase agreement (PPA) prices surged 8.1% in Q1 2022 and 27.5% year-over-year as the effects of the war in Ukraine further deepened the region’s energy crisis and caused upward price pressures, according to LevelTen Energy.

Renewable energy asset manager Luxcara has signed a 300MWp of installed capacity power purchase agreement (PPA) with tech company Meta, formerly Facebook, in Denmark which it claims is the largest ever solar PPA in the country.

A round-up of the latest projects news, including Mitsui investing in ReNew Power’s ‘round the clock’ (RTC) project in India, Canadian Solar selling a solar plus storage project and JinkoSolar delivering 500,000 bifacial modules to a Greek project.

Newly formed solar developer AMPYR Energy USA will aim to offset lower returns from power purchase agreements (PPAs) by leveraging merchant markets to increase revenue.

In a significant ruling for the Indian renewables market, a high court in the state of Andhra Pradesh has ruled that state distribution utilities (Discoms) must pay renewable companies the terms they agreed to when they signed power purchase agreements (PPAs) within six weeks.

Solar developers ACWA Power and Jinko Power have both penned power purchase agreements in Saudi Arabia, with the country aiming to launch 15GW of projects in the next two years.

The European Commission (EC) will look to simplify renewables permitting as part of a new strategy aimed at increasing the EU’s energy independence while ending its reliance on Russian gas before 2030.

German renewables company BayWa r.e. is planning to realise more than 1GW of solar and wind plants this year as it heightens its focus on subsidy-free projects.

Indian independent power producer Azure Power exceeded the upper end of its revenue guidance for its Q3 fiscal year thanks to the addition of new renewables projects.