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 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.
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 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 has signed virtual power purchase agreements for 250 MW of solar and wind power in the United States.
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.
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.
A new report from REBA highlights the leading players and found that utility scale solar power was the most sought-after renewable resource among the country’s major companies.
The local subsidiary of German company Heidelbergcement will take solar electricity from the 65 MWp Witnica solar park between Poznań and Berlin for ten years under the power purchase agreement.
Pioneering solar projects which signed ten-year feed-in tariff agreements will soon need to operate free of subsidy and with local authorities like the City of London starting to embrace direct contracts with renewables generators, the PPA market could be set for another turbo charge.
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