The corporate power purchase agreement (PPA) market is currently struggling from a “large gulf” in understanding that standardised contracts could solve, but the industry is still a “long way off” from introducing them.
Iberdrola has signed a 10-year power purchase agreement (PPA) for a 391MW solar project in Spain with Grupo Kutxabank, in what it claims to be the first contract in the world of this kind to be signed between an energy company and a bank.
Australian steel company Bluescope has signed a 7-year power purchase agreement (PPA) with ESCO Pacific and Schneider Electric for 88MW of generation from a 133MW solar project in the state of New South Wales (NSW).
Thai agro-industrial and food conglomerate Charoen Pokphand Foods (CPF) has signed an agreement with local clean energy firm Gunkul Engineering to install a 40MW rooftop solar project at CPF’s manufacturing plants for self-consumption.
Asia Clean Capital (ACC) has signed a distributed power supply agreement with leading skin care company Nivea (Shanghai) to build a rooftop solar system and solar carport at Nivea's factory in Qingpu, Shanghai.