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Corporate power purchase agreements (PPAs) have hit record levels in the Asia Pacific region as fuel prices rise and the cost of renewables falls, according to Wood Mackenzie principal analyst, Kyeongho Lee.

Energy technology company AES Corporation has signed 1.6GW of renewable PPAs during Q3 2022, bringing the total to 3.2GW this year.

California-based renewables operator SB Energy has sealed a 942MW power purchase agreement (PPA) with Google for power produced in four of its Texas-based solar projects. The power will be used to fuel a data centre in Midlothian, Texas.

Renewables developer rPlus Energies has signed a long-term power purchase agreement (PPA) for 400MWac solar PV project in Emery County, Utah.

ib vogt has reached commercial operation (COD) of its 116MWp Coara Marang Solar Project in Malaysia, which has a 21-year power purchase agreement (PPA) in place with Tenaga Nasional Berhad, Malaysia’s largest electricity utility.

US subsidiary of materials and construction company Saint-Gobain has signed a 10-year, 200MW solar power purchase agreement (PPA) with energy major TotalEnergies.

Lightsource bp and the wholesale power provide Alabama Municipal Electric Authority (AMEA) have unveiled their 130MW Black Bear Solar project that will provide electricity to AMEA’s 11 member public power utilities.

With many similarities to the Greek solar market, Romania is on track to accelerate its solar deployment in the coming years.

National Grid Renewables has signed a 140MW PPA with chocolate makers The Hershey Company in the second such deal between the two companies.

TotalEnergies has completed works on the 800MW “Al Kharsaah” solar power plant near Doha in Qatar and is already connected to the grid.