Tag Archives: PPA

Daimler and Statkraft have signed a PPA to use wind power and solar energy to power Mercedes factories

Daimler and Statkraft have signed a renewable Purchase Power Agreement (PPA) to use wind and solar energy to power Mercedes factories, 24/7. An increasing number of big industrial players are looking to decarbonise their operations through these agreements with renewables. Daimler have already signed PPAs with wind farms in Germany and Poland. But this new … Continue reading Daimler and Statkraft have signed a PPA to use wind power and solar energy to power Mercedes factories

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Ørsted signs a PPA wind power agreement with Nucor

Nucor will purchase energy from the Western Trail onshore wind farm, currently under construction and expected to be operational later this year. Nucor, a steel manufacturer, has signed a long-term agreement to purchase energy from the 367 MW wind farm in Texas. “Western Trail will utilise Nucor steel, demonstrating our ability to develop multilateral supply … Continue reading Ørsted signs a PPA wind power agreement with Nucor

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Danfoss and Ørsted sign wind power PPA

Two of Denmark’s largest companies, Danfoss and Ørsted, have signed a corporate power purchase agreement for 27 MW of the capacity of Horns Rev 2 Offshore Wind Farm. Danfoss, a world-leading industrial manufacturer of energy efficient solutions, has signed a 10-year fixed price corporate power purchase agreement (CPPA) with Ørsted to offtake the renewable electricity … Continue reading Danfoss and Ørsted sign wind power PPA

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BP closes PPA of wind energy with Casa dos Ventos in Brazil

British oil company BP signed a 15-year contract to purchase wind power from Brazilian renewable project developer Casa dos Ventos. The agreement, which provides for the supply of wind energy with wind turbines from 2023, was signed with BP’s local energy marketing unit and provides for the delivery of production from the Rei do Vento … Continue reading BP closes PPA of wind energy with Casa dos Ventos in Brazil

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Sidenor and Naturgy sign PPA for the supply of wind energy and solar power

The companies sign an electricity supply contract under the PPA modality with a supply equivalent to 350 GWh per year from solar and wind energy for 10 years.The agreement reinforces Sidenor’s commitment to decarbonisation and the fight against climate change. Sidenor and Naturgy have signed a renewable energy supply agreement. By virtue of this agreement, … Continue reading Sidenor and Naturgy sign PPA for the supply of wind energy and solar power

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Kellogg, Enel Sign Agreement for Wind Power in North America

Through a virtual power purchase agreement (VPPA), Enel will sell a portion of the electricity delivered to the grid from the Azure Sky wind project to Kellogg Company.With operations expected in the first-half of 2022, the project, which consists of a 350 MW wind facility paired with approximately 137 MW of battery storage, will be … Continue reading Kellogg, Enel Sign Agreement for Wind Power in North America

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Ibereólica Renovables Chile signs a pPA for its Atacama wind power project

The Atacama wind farm will have a total capacity of 180 MW and will begin commercial operation in the second half of 2022. Repsol Ibereólica Renovables Chile, a company jointly owned by Repsol and the Ibereólica Renovables Group, with 50% each, has signed a 14-year power purchase agreement (PPA) for its Atacama wind farm, guaranteeing … Continue reading Ibereólica Renovables Chile signs a pPA for its Atacama wind power project

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Iberdrola, spearheading PPAs

Iberdrola has gained a wealth of experience in Power Purchase Agreements (PPAs) and is currently managing several long-term agreements in markets such as Spain, the UK, the USA, Mexico and Australia linked to onshore wind and solar power projects, adding up to a total capacity of 6,500 megawatts (MW). The customers signing these contracts include … Continue reading Iberdrola, spearheading PPAs

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RWE to supply Ineos with wind energy

Electricity to be supplied from 2021 onwards from the Northwester 2 wind farm in the Belgian North Sea. RWE Supply & Trading and Ineos have entered into a long-term Power Purchase Agreement (PPA). Under the terms of the ten-year agreement set to begin in 2021, Ineos will purchase 198 gigawatthours  of green electricity per year from … Continue reading RWE to supply Ineos with wind energy

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PPA signed for Humber Gateway Offshore Wind Farm

RWE Renewables signed a Power Purchase Agreement (PPA) with E.ON UK under which the company will offtake 100% of the electricity produced by the Humber Gateway Offshore Wind Farm from 2022 until 2035. This includes the Renewable Obligation Certificates (ROCs) from the plant. The contract directly follows on from the previous agreement to supply E.ON … Continue reading PPA signed for Humber Gateway Offshore Wind Farm

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Ørsted and Amazon sign Europe’s largest offshore wind energy corporate PPA

Amazon, the technology company based in Seattle, Washington, has signed a 10-year corporate power purchase agreement with Ørsted, the world-leader in offshore wind, to offtake the output of 250MW from Ørsted’s planned 900MW Borkum Riffgrund 3 offshore wind farm in Germany. This CPPA will contribute to Amazon’s target of being 100% renewable by 2030 as … Continue reading Ørsted and Amazon sign Europe’s largest offshore wind energy corporate PPA

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Corporate procurement as a new growth driver for wind energy in Asia

The shift of corporate procurement of renewable energy from trend to true market driver is already underway. With dedicated commitment and advocacy, it has the potential to accelerate the energy transition across the Asia-Pacific (APAC) region. Months of industrial disruption, record-low power demand and fluctuating power and commodity prices have shown us that external forces … Continue reading Corporate procurement as a new growth driver for wind energy in Asia

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Global/APAC Corporate PPA Market Progress and Outlook

Global corporate PPA volumes reached 8.9GW in 2020 through July. Though activity is currently marching ahead of 2019, a big second half will be required in order for the market to hit record volumes by year-end. More than in previous years, deals will have to be globally spread for a new record to be established … Continue reading Global/APAC Corporate PPA Market Progress and Outlook

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Naturgy signs its first Australian wind energy PPA with Snowy Hydro for a 218MW wind farm in Victoria

Naturgy doubles its presence in Australia, becoming one of the three most important independent wind energy producers in the country and reaffirms its commitment to growth in renewables through its subsidiary Global Power Generation (GPG).Ryan Corner is the third wind turbines project developed by GPG in Australia and the first under a corporate PPA. The … Continue reading Naturgy signs its first Australian wind energy PPA with Snowy Hydro for a 218MW wind farm in Victoria

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Puget Sound Energy and Avangrid Renewables Announce PPA; Construction of New Wind Farm

Puget Sound Energy (PSE) and Avangrid Renewables, a subsidiary of AVANGRID, Inc. (NYSE: AGR), today announced an agreement that will be supplied by a new 200 megawatt wind farm, enough energy to power over 60,000 homes on an annual basis. The wind farm will be built by Avangrid Renewables in Sherman County, Oregon. The Golden … Continue reading Puget Sound Energy and Avangrid Renewables Announce PPA; Construction of New Wind Farm

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Wind power is emerging as the main source of renewable energy

We have been harnessing the wind’s energy for thousands of years. But we’ve been using it to generate electricity for only the last few decades. Initially, wind power was considered a science experiment at best. But not anymore. Today, it’s the cheapest form of renewable energy. In fact, wind power is the cheapest form of … Continue reading Wind power is emerging as the main source of renewable energy

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AEP Energy, CIP reach long-term PPA for 400-MW Illinois wind power project

EP Energy, a subsidiary of American Electric Power, signed a long-term power purchase agreement (PPA) for 400 MW of renewable energy from the Panther Grove Wind Energy Facility in Woodford County, Ill. The agreement was reached between AEP Energy and an affiliate of Copenhagen Infrastructure Partners (CIP). While the facility has yet to be built … Continue reading AEP Energy, CIP reach long-term PPA for 400-MW Illinois wind power project

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AEP Energy Signs PPA For Output From New 400-MW Wind energy Project In Illinois

American Electric Power’s (NYSE: AEP) AEP Energy subsidiary has signed a long-term power purchase agreement with an affiliate of Copenhagen Infrastructure Partners (CIP) for the output of 400 megawatt (MW) of renewable energy from Panther Grove Wind Energy Facility in Woodford County, Illinois.   Construction of Panther Grove is scheduled to begin in early 2021, … Continue reading AEP Energy Signs PPA For Output From New 400-MW Wind energy Project In Illinois

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Iberdrola will supply wind energy to Vodafone in Spain

Through a PPA, the energy company will provide long-term green electricity – generated by a wind project it is building in Aragon – at 13,500 points owned by the operator. This alliance represents an important leap in compliance with the strategic framework of a sustainable and responsible company with the planet, which establishes that in … Continue reading Iberdrola will supply wind energy to Vodafone in Spain

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How can corporates minimise risks and maximise opportunities when entering renewable PPAs?

There are many variables at work in PPAs, and it’s easy to get lost in all the information out there. The new report from the RE-Source Platform, Risk Mitigation for corporate renewable PPAs, is designed for maximum clarity: one by one, we break down the various risks for corporates entering PPAs – and outline the … Continue reading How can corporates minimise risks and maximise opportunities when entering renewable PPAs?

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