virtual power purchase agreement

CERC is finalising guidelines for virtual power purchase agreements (vPPAs) to unlock financing for over 40GW of uncontracted renewable capacity.

BNZ has signed its first virtual power purchase agreement (VPPA), with the European subsidiary of packaging supplier Ardagh Group.

Coca-Cola Europacific Partners (CCEP) has signed a virtual power purchase agreement (VPPA) with French developer Engie to source green electricity from the newly-built 300MW Wellington North Solar Farm in New South Wales, Australia.

Graphic Packaging International (GPI) will acquire electricity from an 83MW solar portfolio operated by Zelestra.

German renewables company BayWa r.e has sold a 95MW solar PV plant in Spain to independent power producer Encavis Asset Management.

Engie North America – the US subsidiary of the French energy utility – has signed two virtual power purchase agreements (VPPA) with WestRock, a sustainable paper and packaging producer.

Spanish developer Matrix Renewables has signed a 10-year 102MW solar PV virtual power purchase agreements in Spain with science and technology company Merck.

Lightsource bp has signed a virtual power purchase agreement with the Fashion Pact as fashion companies look to decarbonise their operations.

Scout Clean Energy has signed a power purchase agreement with household product manufacturer Colgate-Palmolive.

AXA has signed a virtual power purchase agreement with Ignis to draw power from the company’s upcoming Spanish solar plant.