Iberdrola Deutschland and Salzgitter Flachstahl GmbH have concluded a further power purchase agreement (PPA) for 15 years. From 2025, Iberdrola Deutschland will supply Salzgitter Flachstahl GmbH with around 60 gigawatt hours (GWh) of green electricity per year. The solar power will come from Iberdrola’s second large-scale PV plant in Germany, which will be built in … Continue reading Iberdrola supplies 900 GWh of photovoltaics to Salzgitter in Germany
Continue readingTag Archives: PPA
Matrix Renewables signs renewable power purchase agreement (PPA) with Hyundai Motor Group for solar photovoltaic project in Texas
Matrix Renewables, the global renewable energy platform backed by TPG, has announced the signing of a renewable power purchase agreement (“PPA”) with affiliates of Hyundai Motor Group for 147 MWac of its Stillhouse Solar project, with 284 total MW of solar photovoltaic energy, which is located in Bell County, Texas (USA). The Stillhouse Solar project … Continue reading Matrix Renewables signs renewable power purchase agreement (PPA) with Hyundai Motor Group for solar photovoltaic project in Texas
Continue readingSkyPower signs PPA for 1 GW of photovoltaic in Zambia
SkyPower Global has signed a power purchase agreement (PPA) with Zambia’s state-owned utility, ZESCO Ltd, to deliver 1,000 MW of photovoltaic power. The PPA will support the Green Giant Zambia project, which is expected to supply electricity to around 4 million homes, boost job creation and add more renewable energy to Zambia’s copper mining-based economy. … Continue reading SkyPower signs PPA for 1 GW of photovoltaic in Zambia
Continue readingAcciona Energía signs a photovoltaic PPA with DaVita in Spain
ACCIONA Energy has signed a power purchase agreement (PPA) with DaVita, a leading provider of healthcare services specialized in dialysis and chronic kidney disease treatments, to supply 100% renewable electricity in Spain for 12 years. The electricity will come from the Ayora I-II-III photovoltaic complex (85.74 MWp), currently under development in the municipality of Jarafuel … Continue reading Acciona Energía signs a photovoltaic PPA with DaVita in Spain
Continue readingEDP Renewables and Walmart sign a new long-term photovoltaic energy purchase and sale agreement in the US.
The agreement adds to a long-standing partnership that includes 431 MW of offtake from both utility-scale and distributed generation sites across North America. EDP Renewables North America LLC (EDPR NA) and Walmart Inc. have signed a 15-year power purchase agreement (PPA) for a part of a 250 MWp (or 180 MWac) solar project in Texas, in the … Continue reading EDP Renewables and Walmart sign a new long-term photovoltaic energy purchase and sale agreement in the US.
Continue readingStatkraft supplies solar photovoltaic and wind power to e-mobility expert Vitesco Technologies
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
Continue readingMainstream 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
Continue readingRWE 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
Continue readingAvangrid 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
Continue readingEDP 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
Continue readingRio 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
Continue readingFinancial 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
Continue readingRE-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
Continue readingIberdrola 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
Continue readingSpain 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
Continue readingRenewable 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
Continue readingPPAs: 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
Continue readingCapital 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
Continue readingStatkraft 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
Continue readingAcciona 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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