Statkraft, Europe’s largest producer of renewable energy, has signed a 5-year power purchase agreement (PPA) for the Strasen solar park. The Norwegian energy company is thus supporting the construction and operation of the 30 MW solar park. The solar park, which is being developed, pre-financed and built by the Baden-Württemberg-based solar developer Sunovis, will operate … Continue reading Statkraft supports financing of solar park with 5-year PPA
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Vattenfall and Air Liquide sign long-term electricity supply agreement for offshore wind power
Air Liquide has signed its largest long-term Power Purchase Agreement (PPA) to date in the Netherlands with Vattenfall, for 115 MW or around 500 GWh per year, of renewable electricity from the offshore wind farm Hollandse Kust Zuid. This PPA comes in addition to a 100 GWh-PPA with Air Liquide announced in March 2021, expanding … Continue reading Vattenfall and Air Liquide sign long-term electricity supply agreement for offshore wind power
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Clorox, Enel Sign PPA for 25 Mile Creek Wind Farm
The Clorox Co. has signed a 12-year, 47 MW virtual power purchase agreement (VPPA) with Enel Green Power North America to purchase renewable electricity beginning in 2023. This deal supports its commitment to 100% renewable electricity for its U.S. and Canada operations. When it goes into effect, this deal is expected to support about half … Continue reading Clorox, Enel Sign PPA for 25 Mile Creek Wind Farm
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GE Renewable Energy to reduce its carbon footprint in Europe through a wind PPA with Forestalia
Purchasing electricity from Forestalia’s El Coto wind farm in Spain which generates enough power to support more than 60% of GE Renewable Energy operations in Europe.The 12-year long PPA will reduce GE Renewable Energy’s emissions by ~13k tCO2e annually, 79% of its current carbon footprint from electricity in Europe. The agreement reflects GE Renewable Energy’s … Continue reading GE Renewable Energy to reduce its carbon footprint in Europe through a wind PPA with Forestalia
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Statkraft and ABO Wind conclude a 10-year wind energy PPA in Finland
Statkraft and ABO Wind have concluded a ten-year power purchase agreement (PPA) for the Finnish wind farm Pajuperänkangas. Statkraft also receives the rights to the Guarantees of Origins of the electricity produced. The 14 wind turbines are scheduled to be connected to the grid in autumn 2023 and can produce enough electricity to supply approximately … Continue reading Statkraft and ABO Wind conclude a 10-year wind energy PPA in Finland
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The lack of projects with PPA brings merchant projects into focus of financing
Out of the projects under the reasonable profitability regime of RD 413/2014, there are already very few that need financing. The extreme price volatility in the electricity markets today resulted in few PPA contracts being closed. Faced with this situation of little availability of renewable energy projects to finance, lenders are beginning to change their … Continue reading The lack of projects with PPA brings merchant projects into focus of financing
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State guarantees for PPA with electrointensive consumers
The guarantees by the State to facilitate PPA for electro?intensive consumers at competitive prices with renewable energy projects are already available. CESCE, the managing agent of these guarantees, offers insurance both to the financial entities that issue guarantees for electro?intensive consumers and to the sellers of the energy in the PPA. In the Spanish version … Continue reading State guarantees for PPA with electrointensive consumers
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Meta signs 225MW wind power PPA in Iowa
Apex’s Great Pathfinder wind farm will power Meta’s 5 million sq ft Altoona data center.Meta – the company formerly known Facebook – has signed a power purchase agreement (PPA) with Apex Clean Energy to procure wind energy in Iowa. The social media giant as signed a deal for the full 225MW capacity of the Great … Continue reading Meta signs 225MW wind power PPA in Iowa
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Iberdrola awarded PPA for Commonwealth Wind, a US offshore wind farm with over $4 billion investment
Ignacio Galán: “Commonwealth Wind will power hundreds of thousands of homes and businesses in Massachusetts with clean energy, creating thousands of local jobs across the supply chain. It will also be a key project in helping the U.S. to achieve the 30.000 MW offshore wind target by 2030”. The facility will have 1,232 MW capacity … Continue reading Iberdrola awarded PPA for Commonwealth Wind, a US offshore wind farm with over $4 billion investment
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Ørsted and Amazon expand cooperation with additional corporate power purchase agreements
Amazon, the multinational technology, e-commerce, cloud computing, and digital streaming company based in Seattle, Washington, and Ørsted are today announcing two new corporate power purchase agreements totalling 116 MW of capacity across onshore and offshore wind. Specifically, Amazon will offtake the output of 100 MW from Ørsted’s 900 MW Borkum Riffgrund 3 Offshore Wind Farm … Continue reading Ørsted and Amazon expand cooperation with additional corporate power purchase agreements
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RWE signs its largest ever PPA with EDF
RWE has signed a fifteen-year power purchase agreement (PPA) with EDF who will purchase the renewable electricity from Sofia Offshore Wind Farm which is set for full generation in 2026. In what represents RWE and EDF’s largest renewable energy agreement to date, EDF will offtake all the wind energy that Sofia will produce, expected to … Continue reading RWE signs its largest ever PPA with EDF
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Ørsted enters into pPA with Johnson & Johnson in Ireland and the US
Johnson & Johnson and Ørsted have signed two power purchase agreements (PPAs). Johnson & Johnson will purchase energy from Sparta Solar in Texas, US, and from the two onshore wind farms Kilgarvan and Booltiagh 1 in Ireland. Johnson & Johnson has signed two PPAs with Ørsted to offtake power from Sparta Solar in Texas in … Continue reading Ørsted enters into pPA with Johnson & Johnson in Ireland and the US
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Ørsted and BASF sign a 25-year offshore wind power PPA in Germany
BASF and Ørsted have concluded a 25-year fixed-price corporate power purchase agreement (CPPA), under which BASF will offtake the output of 186 megawatts from Ørsted’s planned Borkum Riffgrund 3 Offshore Wind Farm in the German North Sea.The offshore wind farm will have a total installed capacity of 900 megawatts and go into full commercial operation … Continue reading Ørsted and BASF sign a 25-year offshore wind power PPA in Germany
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European Commission endorses corporate renewable PPAs as part of the answer to surging energy prices
Renewables are central to delivering Europe’s energy and climate ambition – reducing greenhouse gas emissions by 55% by 2030. At RE-Source 2021 globally leading businesses from different sectors of the economy underline their commitment to support Europe’s transition to a renewable energy system. This year’s event comes just a day after the European Commission endorsed … Continue reading European Commission endorses corporate renewable PPAs as part of the answer to surging energy prices
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EDP Renewables signs a PPA for 127.5 MW with Procter & Gamble
For 15 years, EDPR will supply the clean energy produced in Spain to P&G, avoiding estimated annual emissions of over 130 thousand tons of CO2. Two energy parks are expected to come into operation in 2023. EDP Renewables (Euronext: EDPR), a global leader in the renewable energy sector and the fourth largest renewable energy producer … Continue reading EDP Renewables signs a PPA for 127.5 MW with Procter & Gamble
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Statkraft signs 10-year wind power agreement with Neste in Finland
Statkraft and industrial company Neste have signed a 10-year power purchase agreement enabling the Finnish company to reduce greenhouse gas emissions with power from a Finnish wind farm under construction. Deliveries to Neste’s Porvoo refinery in Finland will start mid-2022 and the annual total volume of the wind power agreement is approximately 215 GWh, corresponding … Continue reading Statkraft signs 10-year wind power agreement with Neste in Finland
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Statkraft signs wind energy agreements with Aquila Capital
Statkraft, Europe’s largest generator of renewable energy, and Aquila Capital, a German real asset investment manager, have signed the companies’ first power purchase agreements (PPAs) in Finland. These are long-term PPAs starting in 2022 in which Aquila Capital will provide Statkraft with 100% green electricity from two wind farms at competitive price levels. The wind … Continue reading Statkraft signs wind energy agreements with Aquila Capital
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Statkraft signs PPA with Aquila Capital for two wind farms in Finland
The energy supplied in these PPAs is 100% renewable and generated by the wind farms Mastokangas (68.4 MW) and Korkeakangas (43.2 MW). These are Statkraft’s first deals in Finland with Aquila Capital, one of its longstanding partners in the Nordics. The PPAs are long-term, starting in 2022 in which Aquila Capital will provide Statkraft with 100% green electricity from two wind farms at competitive … Continue reading Statkraft signs PPA with Aquila Capital for two wind farms in Finland
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Ørsted signs power purchase agreement with the Microsoft Corporation
Ørsted and Microsoft Corporation have entered into an agreement for Microsoft to purchase energy from Old 300 Solar Center in Fort Bend County, Texas. Per the terms of Ørsted’s agreement, Microsoft will buy power from Ørsted’s 430 MWAC solar energy center Old 300 in Fort Bend County, Texas, which is expected to come online in … Continue reading Ørsted signs power purchase agreement with the Microsoft Corporation
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EDPR and AWS enter into a collaboration agreement on renewable energy PPAs
This collaboration reinforces the strong commercial relationship already in place between EDPR and Amazon. EDP Renewables (Euronext: EDPR), the fourth largest renewable energy producer in the world, has entered into a strategic collaboration agreement with Amazon Web Services (AWS) in relation to Power Purchase Agreements (PPA) for future wind and solar projects and the provision … Continue reading EDPR and AWS enter into a collaboration agreement on renewable energy PPAs
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