virtual ppa

Solar developer Recurrent Energy, a subsidiary of Canadian Solar, has signed an aggregated virtual power purchase agreement (PPA) with several offtakers for its 100MW solar PV project in Liberty County, Texas.

While renewables procurement is more challenging for SMEs with smaller power demands and less energy sector expertise, PPA aggregations offer a solution. Meghan McIntyre of Schneider Electric explores the deal structures for such aggregations and how project developers can benefit from them.

Renewables developer BayWa r.e. has signed a ten-year virtual power purchase agreement (VPPA) with Finnish packaging company Huhtamaki for two new solar plants in southern Spain.

Facebook has signed a multi-year virtual power purchase agreement (VPPA) with Sunseap to procure power from a floating solar project in Singapore, its first deal for power from a floating solar install.

As the solar industry has matured and sustainable investment has moved up on the global market’s list of priorities, power purchase agreements (PPAs) have become a mutually beneficial arrangement between developers and the corporate world. But SMEs have remained difficult to cater for in comparison to larger, more bankable offtakers or utilities with permanent facilities. Edith Hancock explores how this might be changing.

US aerospace and defence company L3Harris Technologies has signed a virtual power purchase agreement with Lightsource BP for up to 100MW of capacity from a new solar farm in Texas.

A round-up of recent news from the US market, as a VPPA-backed project in North Carolina secures financing and Kansas’ largest utility-scale solar farm comes onstream.