Hybrid PPA model improves PV-BESS bankability, say researchers
Researchers have modeled a hybrid financing scheme combining contracted and merchant components to improve the bankability of PV-battery energy storage system (PV-BESS) assets, using a Bayesian LSTM forecast integrated with a MILP optimization model to assess performance.
Axpo signs 10-year corporate PPA in Croatia
Swiss power producer Axpo has signed a 10-year corporate power purchase agreement (cPPA) to supply 17.5 GWh of electricity to two production sites of Croatian HVAC manufacturer Klimaoprema.
Lynher Energy secures 15-year PPA for 27 MW plant on UK agricultural land
Corporate PPA deal with FTSE 100 company creates a “solid foundation” for near-term solar capacity growth, according to Lynher Energy director.
Reel secures €5 million to expand corporate PPA business
Reel, a spinoff of the Technical University of Denmark (DTU), has raised €5 million ($5.4 million) of seed capital to enhance its products and expand internationally. It is offering customized fixed price contracts to businesses based on solar and wind power purchase agreements (PPAs).
Atlas Renewable Energy signs PPA for 902 MW of solar in Brazil
Atlas Renewable Energy has signed an unprecedented 21-year power purchase agreement (PPA) with Albras, the largest aluminum producer in Brazil. It is the longest corporate renewables PPA ever signed in Latin America.
Solar dominates renewable corporate PPAs in Asia Pacific, says WoodMac
Corporations in the Asia-Pacific region are set to contract a record 7 GW of renewable capacity in 2022, according to a new report by Wood Mackenzie. Solar accounts for 57% of the region’s contracted corporate renewable power purchase agreements (PPAs) to date. India, Australia and Taiwan account for 89% of overall capacity in the region.
Shell to purchase 100 MW UK portfolio from Anesco
Shell will purchase four planned PV projects totaling 100 MW in various locations across northern England. It says it will seek offtakers for the projects through its power trading team and sees strong demand in the corporate power purchase agreement sector.
BASF inks virtual PPAs for 250 MWh of solar, wind
BASF has signed virtual power purchase agreements for 250 MW of solar and wind power in the United States.
Mounting interest for solar-linked bilateral deals in Russia
Under the current Russian energy regulatory framework, bilateral deals can be concluded between a seller and a buyer with a power distribution company mediating as a third party.
Zero carbs diet for Coca-Cola in the Netherlands
Dutch power utility Eneco will supply solar and wind power from projects in front of the factory gates to allow the beverage factory to decarbonize its production.
