ppa

Iberdrola has signed a power purchase agreement (PPA) to sell electricity from its 590MW solar plant in Spain to food and drink giant PepsiCo.

Energy major bp has signed a memorandum of understanding with German conglomerate thyssenkrupp focused on the supply of low-carbon hydrogen and renewable power in steel production.

Renewables company Scatec has signed a power purchase agreement (PPA) with alumina supplier Alunorte for its Mendibum solar project in Brazil.

Project developer Solar Philippines has submitted offers to contract output from 10GW of PV plants currently under development.

Chinese module manufacturer JinkoSolar has powered its first overseas factory with renewables only in Malaysia.

Current higher wholesale prices and favourable economics for renewables in Europe would have developers as the primary beneficiaries this decade, according to a report from advisory firm Edison Group.

An infrastructure company owned by billionaire Enrique Razon is planning to build a solar-plus-storage plant in the Philippines that will feature 2.5 – 3.5GW of PV.

Danish energy company Ørsted is establishing an onshore renewables business in Spain as it looks to participate in the country’s auctions and develop solar, wind and energy storage projects.

Independent power producer Scatec has signed power purchase agreements (PPA) for three co-located solar and storage projects in South Africa that include 540MW of PV capacity.

A round-up of the latest solar project news, as BNZ enters Portugal, Centrica pens a VPPA with Matrix Renewables in Spain and a 73MW plant in California is completed.