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.
Global energy company AES added more than 2GW of renewables and energy storage to its portfolio last year as the business formally confirmed its intent to exit coal generation by 2025.
PV Tech Premium sat down with Pexapark's head of quantitative products following the release of the advisory firm's European PPA Market Outlook 2022 report that predicted “fundamental changes” to European PPA markets.
Energy market turmoil in Europe at the end of last year is causing a fundamental change in the power purchase agreement (PPA) market as volatility spikes reach 250% and throw into question the viability of long term PPAs.
Energy major Shell and Brazilian steel company Gerdau have penned a 50-50 joint venture (JV) agreement for the development, construction and operation of a 260MWp solar PV project in the solar hotbed state of Minas Gerais.
