Tag: Corporate renewable PPA

24/7 Clean Power Purchase Agreements: Report

A new form of Power Purchase Agreement (PPA) — the 24/7 clean PPA — promises dramatic increases in the effectiveness of emission reduction efforts in the power generation sector and for corporate off-takers. 24/7 clean PPAs have the potential to address key problems in balancing supply and demand for power as renewables contribute an increasing proportion of generation capacity.

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Wind and Solar Corporate PPA Prices Rise Up To 16.7% Across Europe

The survey looks at the range of offer prices for solar and onshore wind PPAs across 10 European markets. Solar PPAs are generally more expensive than wind by up to 10 euros/MWh in each respective market, although the average gap has narrowed from 6.7 to 4.5 euros since 2H 2020. This is because onshore wind prices rose slightly more on average (9.4%) than solar (5.7%) over that time.

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Decarbonisation and the evolving role of corporate boards

Today, as companies and energy providers strive efforts to meet net-zero carbon emission goals, they are still unclear of the pathway to accomplish their goals. In the light of this growing subject, KPMG in India has launched a report titled “Decarbonisation and the evolving role of corporate boards”  on the sidelines of the 12th edition of its annual energy and natural resources event  ‘ENRich 2021’. 

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Corporate procurement of zero carbon power in the united States

By procuring renewable energy through PPAs and the like, companies have enabled the development of many gigawatts (GW) of new renewable generation capacity. From 2014 to 2018, large companies announced transactions with off-site renewable energy projects representing over 15 GW of generating capacity—roughly equal to one-quarter of all renewable capacity installed across the United States during that time.

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Samsung C&T plans to develop 700 MW solar plant in Texas

Samsung C&T could potentially invest $673 million to develop solar power plants with a combined operating capacity of approximately 700 MW in Texas. Samsung Electronics is also considering building an additional plant in Austin by investing $17 billion. These agreements cover the employment of workers for the development of these power plants. Commercial operations are scheduled to start in December 2023.

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Growth drivers, constraints and policy implications in the US corporate renewable PPA market

According to publicly available BNEF data, at the end of 2019, the cumulative PPA capacity contracted from renewable energy sources (excluding green tariffs) was approximately 27.2 GW, with higher penetration of wind energy in comparison to solar. The 11.2 GW of additional PPAs signed in 2019 alone represents more than 40 percent of the total corporate-contracted capacity since 2009.

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