Statkraft, Europe’s largest producer of renewable energy, has concluded a Power Purchase Agreement (PPA) with Vitesco Technologies, a leading international developer and manufacturer of modern drive technologies for sustainable mobility, for the supply of a total of around 83,000 MWh of renewable electricity from solar and onshore wind power plants. Since January 2024, Statkraft has … Continue reading Statkraft supplies solar photovoltaic and wind power to e-mobility expert Vitesco Technologies
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Mainstream reaches financial close on 97.5 MW solar photovoltaic plant with corporate PPAs in South Africa
Mainstream Renewable Power (“Mainstream”), the pureplay global wind and solar company, has reached financial close on a 97.5 MW solar PV farm which has 20-year Power Purchase Agreements (PPAs) with Sasol and Air Liquide, in South Africa. Construction of the solar PV farm, which is located in the Free State province, will start this … Continue reading Mainstream reaches financial close on 97.5 MW solar photovoltaic plant with corporate PPAs in South Africa
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RWE to supply seven German companies with wind power from Kaskasi wind farm from 2026
RWE Supply & Trading concludes Power Purchase Agreements with major industrial customers for around 1,000 gigawatt hours per year. High industrial demand for green electricity. RWE’s Kaskasi offshore wind farm will supply seven major German industrial customers with green electricity from 2026. Corresponding Power Purchase Agreements (PPAs) have been signed between RWE Supply & Trading and … Continue reading RWE to supply seven German companies with wind power from Kaskasi wind farm from 2026
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Avangrid and Amazon sign agreement for wind energy in Oregon
Avangrid (Iberdrola) entered into a power purchase agreement (PPA) with Amazon, marking a significant step in both companies’ renewable energy strategies. The PPA belongs to the Amazon Wind Farm Oregon – Leaning Juniper IIA, located in Gilliam County, which will provide Amazon with 98.4 megawatts (MW) of wind energy. The general director of Avangrid, Pedro … Continue reading Avangrid and Amazon sign agreement for wind energy in Oregon
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EDP Renewables seals its first long-term photovoltaic contract in Germany
EDP Renewables (EDPR), leader in the development of renewable energy worldwide, signed a Power Purchase Agreement (PPA) with Lhyfe, a producer and supplier of green hydrogen to serve industry and mobility sectors. The deal signed through Kronos Solar EDPR is an important milestone as it is the first long-term corporate contract for the supply of … Continue reading EDP Renewables seals its first long-term photovoltaic contract in Germany
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Rio Tinto acquires 1.1 GW solar photovoltaic plant in Australia
Rio Tinto, the mining giant, on Wednesday announced a deal to buy all the electricity from the 1.1 GW Upper Calliope Solar Farm in Australia, in an effort to cut their global carbon emissions in half by 2030. The 25-year agreement with European Energy Australia means Rio Tinto gets a stable supply of green power. … Continue reading Rio Tinto acquires 1.1 GW solar photovoltaic plant in Australia
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Financial and accounting implications of PPA
It is important to anticipate the financial and accounting implications of preparing PPA contracts. There are important differences in the accounting treatment between physical and financial PPA and, in the case of the latter, their accounting can lead to volatility in the income statement. Experts stress the relevance of long-term price forecasts for a reliable … Continue reading Financial and accounting implications of PPA
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RE-Source 2023 marks 7.8 GW PPA record but industry urges for barriers to be removed to reach EU net zero objectives
Consistent growth of renewable corporate power purchase agreements (PPAs) proves that corporates are stepping up their commitments to the energy transition. But corporate energy buyers are calling on policymakers to use the EU Electricity Market Design (EMD) reform to remove the remaining barriers to PPAs. Record-breaking year in the EU PPA market with companies procuring … Continue reading RE-Source 2023 marks 7.8 GW PPA record but industry urges for barriers to be removed to reach EU net zero objectives
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Iberdrola supplies wind energy to global brake giant TMD
Iberdrola and the world’s largest manufacturer of brake materials, TMD Friction Services, have signed a contract for the long-term supply of clean electricity (PPA) for 15 years. With this agreement, the utility will supply around 50 GWh per year of green electricity, which will cover more than 50% of TMD’s total demand in Germany from … Continue reading Iberdrola supplies wind energy to global brake giant TMD
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Spain brings solar PPA to lead Europe
PPA are booming as a tool in the energy transition. PPA allow renewable energy producers to guarantee the long?term sale of their production, facilitating financing. In turn, consumers ensure a supply at agreed prices, avoiding market volatility and demonstrating their commitment to the environment. Spain has brought solar PPA to lead in Europe. AleaGreen facilitates … Continue reading Spain brings solar PPA to lead Europe
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Renewable PPA: An opportunity for the electrointensive industry
According to AEGE, the situation of the electro-intensive industry in Spain is critical due to high energy costs. In addition to the energy policies needed to make this industry competitive at European and global level, PPAs with renewable energy projects are a good opportunity to achieve competitive energy prices in the long term, although they … Continue reading Renewable PPA: An opportunity for the electrointensive industry
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PPAs: A sustainable solution for the energy industry
In recent years, electricity systems have been undergoing constant transformation. PPAs (power purchase agreements) are a stable, sustainable solution for the energy industry. he rapid development of Renewable Energy Sources (RES), the important goal of decarbonization, the introduction of new technologies and the need for digitalization have brought a wave of changes to the energy … Continue reading PPAs: A sustainable solution for the energy industry
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Capital Energy and Statkraft sign their fifth PPA in Spain for the 51-megawatt La Herrada wind farm
After the previously sealed agreements between both companies for the Las Tadeas, Buseco and Loma de los Pinos wind farms, as well as for the La Solana photovoltaic plant.The agreement, valid for 10 years, contemplates the sale of all the energy produced by this Albacete wind farm, the first being built by Capital Energy in … Continue reading Capital Energy and Statkraft sign their fifth PPA in Spain for the 51-megawatt La Herrada wind farm
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Statkraft and Telenor sign agreement for the supply of wind energy energy for Telenor’s Finnish subsidiary DNA
Telenor have signed a 10-year Power Purchase Agreement (PPA) with Statkraft. The agreement ensures that around 80% of the purchased power for Telenor’s Finnish subsidiary DNA, comes from a new wind farm to be built in Finland. The Palokangas wind farm is owned by Exilion Tuuli and starts its operations late 2024. Exilion Tuuli is … Continue reading Statkraft and Telenor sign agreement for the supply of wind energy energy for Telenor’s Finnish subsidiary DNA
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Acciona expands its collaboration with Amazon for solar and wind energy and digital transformation
ACCIONA and Amazon today announced an expansion of their current Power Purchase Agreements (PPA), from the existing 641 megawatts (MW) to 833MW. The additional 192MW will help Amazon stay on a path to powering its operations with 100% renewable energy by 2025–five years ahead of its original 2030 commitment–and reaching net-zero carbon emissions by 2040. … Continue reading Acciona expands its collaboration with Amazon for solar and wind energy and digital transformation
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Statkraft supplies ALPLA with solar and wind power through a 10-year PPA
Statkraft, Europe’s largest producer of renewable energy, and ALPLA, an international packaging manufacturer, have signed two long-term power purchase agreements (PPAs) for wind and solar with an annual volume of 76 GWh and a term of 10 years. The green electricity is generated in six solar parks and one wind farm from Statkraft’s renewable energy … Continue reading Statkraft supplies ALPLA with solar and wind power through a 10-year PPA
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PLN signs PPA with Total Eren, Adaro Power and PJBI for wind project in Indonesia
PT Perusahaan Listrik Negara (PLN) has signed a power purchase agreement (PPA) with Total Eren S.A., Adaro Power, and PT Pembangkitan Jawa Bali Investasi (PJBI), which covers the construction of a 70 MW wind power plant equipped with a battery energy storage system (BESS) of 10 MW/10 MWh to be located in Tanah Laut, South … Continue reading PLN signs PPA with Total Eren, Adaro Power and PJBI for wind project in Indonesia
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North American Solar and Wind PPA Prices Increased 6.6% in Q1 of 2023
In the first quarter of 2023, North American P25* power purchase agreement (PPA) offer prices rose an average of 6.6% to $50.32 per megawatt hour (MWh), according to a new report from LevelTen Energy, operator of the world’s largest PPA marketplace. For two years, the LevelTen PPA Price Index has reported an increase in average … Continue reading North American Solar and Wind PPA Prices Increased 6.6% in Q1 of 2023
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Ørsted and Google sign the first wind power purchase agreement in the US
Google has signed a 150 MW power purchase agreement (PPA) with Ørsted to purchase renewable energy generated by Helena Wind Farm for the next 15 years, a partnership that builds on Ørsted’s growing U.S. renewable energy portfolio. The project, located in Bee County, Texas, was commissioned in mid-2022 and provides low-cost electricity to the South … Continue reading Ørsted and Google sign the first wind power purchase agreement in the US
Continue readingAcciona Energía signs PPA with Sofidel for the supply of 100% renewable energy to its plant in Buñuel
ACCIONA Energía has signed a 10-year power purchase agreement (PPA) to supply 100% renewable electricity to Sofidel, one of the world leaders in the tissue paper production market for hygienic and domestic use. Through this contract, ACCIONA Energía will supply more than 90GWh/year of renewable electricity from its renewable energy facilities in Spain to Sofidel’s … Continue reading Acciona Energía signs PPA with Sofidel for the supply of 100% renewable energy to its plant in Buñuel
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