Tag: ppa

Savion, Toyota sign 100 MW solar VPPA in Kentucky

Savion, Toyota sign 100 MW solar VPPA in Kentucky

May 25, 2023 |

Savion Solar and Toyota have signed a 100 MW solar PV virtual power purchase agreement (VPPA) for a brownfield project in Kentucky, US. The project’s anticipated start of construction is in the latter part of 2023, and it will be ready for commercial operation by 2024. The project, developed by Savion and a local solar developer named Edelen Renewables that specialises in brownfield solar projects, will turn an old coal mine in Martin County, close to the border between the states of Kentucky and West Virginia, into a solar PV facility.

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ACWA Power signs $2.4 billion wind energy PPA agreement in Uzbekistan

ACWA Power signs $2.4 billion wind energy PPA agreement in Uzbekistan

December 28, 2022 |

ACWA Power, a Saudi developer, has signed PPAs and investment agreements with the government of the Republic of Uzbekistan to build the 1500 MW Kungrad wind farm in Karakalpakstan, Uzbekistan. The wind farm, which was previously known as the Karakalpakstan Wind IPP, is anticipated to include three 500 MW wind power projects owned by three subsidiaries. 

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Microsoft signs wind PPA with Potentia and Greengate in Canada

Microsoft signs wind PPA with Potentia and Greengate in Canada

November 9, 2022 |

Microsoft has partnered with Potentia and Greengate on the Paintearth Wind project in Canada under a power purchase agreement (PPA). Microsoft will purchase approximately 543 GWh of renewable energy per year from the wind facility in Alberta’s Paintearth County as part of the 15-year PPA. The project is scheduled to be completed in 2023.

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Google signs 942 MW solar PPA with SB Energy

Google signs 942 MW solar PPA with SB Energy

November 2, 2022 |

Google has signed a 942 MW power purchase agreement (PPA) with SB Energy Global to power its Midlothian, Texas, data centre as well as the Dallas Cloud area. The tech giant will purchase nearly 75 per cent of the electricity generated by four of SB Energy’s solar power plants that are currently under construction.

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ACCIONA Energía and FORTIA signs PPA for 1 TWh renewable energy

ACCIONA Energía and FORTIA signs PPA for 1 TWh renewable energy

July 28, 2022 |

FORTIA, an energy management platform, and ACCIONA Energía, a subsidiary of ACCIONA, have signed a framework agreement for ACCIONA Energía to deliver 1 TWh of renewable energy annually. This corporate renewable power purchase agreement (PPA) is in place for a period of five to ten years, and according to this, FORTIA will supply clean energy to 20 Spanish companies.

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Adjustments to the specific remuneration system for renewables in Spain

Adjustments to the specific remuneration system for renewables in Spain

June 8, 2022 |

RD-Law 6/2022 eliminated, for energy generated in 2023 and thereafter with the right to specific remuneration, the adjustment for deviations in the market price of electricity as compared to the forecasts taken into account for each three-year regulatory half-period (and each six-year regulatory period). This adjustment has now been reintroduced, again with changes to how it is regulated.

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AES signs PPAs to deliver 450 MW of clean energy to Amazon

AES signs PPAs to deliver 450 MW of clean energy to Amazon

May 9, 2022 |

AES Corporation, based in the US, has signed two power purchase agreements (PPAs) with Amazon to supply 450 MW of clean energy to power its data centre operations in California. AES Corporation’s portfolio of projects will deliver clean energy to the California Independent System Operator (CAISO) market with 450 MW of solar and 225 MW of four-hour duration battery energy storage.

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Vietnam’s Direct PPA Pilot Scheme

Vietnam’s Direct PPA Pilot Scheme

March 7, 2022 |

Vietnam’s Ministry of Industry and Trade (MOIT) is seeking to implement a direct power purchase agreement (DPPA) pilot scheme which, for the first time, will enable renewable energy generators to directly sell clean electricity to private offtakers under virtual or synthetic PPAs. Under current electricity regulations in Vietnam, Electricity Vietnam (EVN) has a statutory monopoly over the transmission, distribution, wholesale and retail of electricity and is also the sole offtaker in the market.

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Johnson & Johnson to buy clean energy from Ørsted in Ireland and the US

Johnson & Johnson to buy clean energy from Ørsted in Ireland and the US

December 2, 2021 |

Johnson & Johnson has signed two power purchase agreements with Ørsted to procure power from Sparta Solar in Texas and Kilgarvan Wind Farm in County Kerry and Booltiagh Wind Farm 1 in County Clare, both in Ireland’s south and west. Sparta Solar’s PPA contains a 55 MW contract capacity from the 250 MW Sparta Solar project in southern Texas.

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SGH2 signs world’s largest green hydrogen offtake deal

SGH2 signs world’s largest green hydrogen offtake deal

June 7, 2021 |

The waste-to-hydrogen company, SGH2 Energy has announced that it will supply 3,850 tonnes of green hydrogen annually to two of California’s largest owners and operators of hydrogen refueling stations under a ten-year contract. The deal represents the first and only long-term green hydrogen off-take agreement thus far globally. The plasma-enhanced gasification plant is scheduled to open in 2023 and will be owned jointly by SGH2 and the city of Lancaster.

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Red Rock Power acquires 50 per cent stake in Swedish wind farm

Red Rock Power acquires 50 per cent stake in Swedish wind farm

December 24, 2020 |

Red Rock Power Limited has acquired Green Investment Group’s 50 per cent equity share of Överturingen onshore wind farm located in central Sweden. Red Rock Power will partner with CapMan Infra, a Nordic infrastructure manager for this deal and will form the Cloud Snurran AB joint venture.

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Brookfield Renewable acquires 360 MW of distributed generation assets in the United States

Brookfield Renewable acquires 360 MW of distributed generation assets in the United States

December 18, 2020 |

Brookfield Renewable has decided to acquire a distributed generation platform in the United States. It comprises of 360 MW of capacity spread across nearly 600 sites along with a development pipeline of over 700 MW. With this transaction, Brookfield Renewable becomes an owner-operator of one of the largest commercial and industrial distributed generation portfolios in the United States

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