Tag: corporate ppa

IKEA to promote renewable energy procurement at its suppliers in various nations

IKEA to promote renewable energy procurement at its suppliers in various nations

June 14, 2021 |

Swedish furniture company IKEA has recently announced a program to secure 100 per cent renewable electricity at direct suppliers in India, China, and Poland, which are some of its largest purchasing countries. The said program will be introduced in 2021, followed by a stepwise global roll-out. As more than 65 per cent of the company’s climate footprint is linked to its supply chain, it is aiming for 100 per cent renewable energy throughout its entire value chain.

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Indian telecom giant Airtel sets up a captive solar plant for powering its data centres

Indian telecom giant Airtel sets up a captive solar plant for powering its data centres

April 6, 2021 |

Indian telecom company Airtel (Bharti Airtel) has commissioned a 14 MWp captive solar plant in the state of Uttar Pradesh. This solar project will help the company to meet the power requirements of its core and edge data centers in the state. The project is in Tilhar the Shahjahanpur district of Uttar Pradesh. Earlier Airtel had acquired a 26 per cent equity stake in AMP Solar Evolution.

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Telecom giant Orange to procure 100 GWh of renewable power from Total for 20 years in France

Telecom giant Orange to procure 100 GWh of renewable power from Total for 20 years in France

March 10, 2021 |

Telecom company Orange has signed a Corporate Power Purchase Agreement with Total, through its subsidiary Total Quadran. This is a 20 year contract, as part of which Total will supply Orange with 100 GWh renewable electricity every year. To honour this agreement, Total will develop a dozen new solar power plants with a total capacity of 80 MW by 2024, spread throughout metropolitan France.

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Wells Fargo collaborates with Ameresco to install solar projects at its properties in the United States

Wells Fargo collaborates with Ameresco to install solar projects at its properties in the United States

February 4, 2021 |

Ameresco and Wells Fargo have partnered up to develop about 30 MW of new solar capacity at Wells Fargo retail and administrative locations across seven states in the United States. These onsite solar generation assets will include rooftop, carport and ground mounted systems in Arizona, California, Connecticut, Iowa, New Jersey, North Carolina and Texas. The implementation of these projects is expected to begin in April 2021.

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EBRD to provide a $4.2 million loan for a corporate PPA-based solar project in Egypt

EBRD to provide a $4.2 million loan for a corporate PPA-based solar project in Egypt

December 14, 2020 |

The European Bank for Reconstruction and Development (EBRD) is providing an initial $4.2 million loan to TAQA PV for Solar Energy, TAQA Arabia’s renewable energy subsidiary. This loan will support one of the first green private-to-private projects in the country and is part of a financing package of up to $10 million to expand TAQA Arabia’s private-to-private renewable energy business.

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Centrica Energy Trading to source 312 MW of renewable energy from Taaleri Energia

Centrica Energy Trading to source 312 MW of renewable energy from Taaleri Energia

December 14, 2020 |

Centrica Energy Trading, a subsidiary of Centrica PLC, has signed a long-term power purchase agreement (PPA) with Finnish renewable energy developer Taaleri Energia for procuring renewable power from the latter’s assets in Finland. As part of a five-year agreement, Centrica Energy Trading will buy power from Taaleri Energia’s 312 MW of operational renewable power portfolio spread across 13 sites in Finland.

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Corporate renewable electricity sourcing in Europe shows continuous growth

Corporate renewable electricity sourcing in Europe shows continuous growth

December 7, 2020 |

Corporate renewable electricity sourcing in Europe has shown continuous growth despite the COVID-19 pandemic, demonstrating the resilience and potential of Europe’s renewable energy sector. In November 2020, the cumulative contracted volume of corporate renewable power purchase agreements (PPAs) in Europe reached the 11 GW mark, up from just 2.2 GW by the end of 2016 and with a record 3 GW contracted in 2020 alone.

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Total signs agreement with Ignis for 3.3 GW of solar projects in Spain

Total signs agreement with Ignis for 3.3 GW of solar projects in Spain

September 25, 2020 |

Energy giant, Total, has partnered with the Spanish developer Ignis to develop 3.3 GW of solar projects located close to Madrid and Andalusia to expand its presence in the Spanish electricity market. While the first solar projects in this portfolio are scheduled to start in 2022, all the projects are expected to be operational by 2025.

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PepsiCo joins RE100; pledges to transition 100% to renewables by 2040

PepsiCo joins RE100; pledges to transition 100% to renewables by 2040

September 21, 2020 |

PepsiCo has announced a target to source 100 per cent renewable electricity across all of its global operations. The company has joined the RE100 initiative, an initiative led by the Climate Group in partnership with CDP, to bring together the world’s most influential companies committed to 100 per cent renewable electricity.

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Amazon to procure power from a new 115 MW wind farm in Ireland

Amazon to procure power from a new 115 MW wind farm in Ireland

August 24, 2020 |

Amazon has announced a new 115 MW wind farm project in Ardderroo, Galway in Ireland. The wind power project will support the Amazon Web Services (AWS) data centers in the country. This new project will begin operating in 2022 and add to the company’s other upcoming projects in the country.

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