corporate PPAs

The unforeseen arrival of COVID-19 has brought many negotiations for corporate power purchase agreements to an abrupt halt in Europe, but this may not be all bad news for the sector write Daniel Marhewka, Lis Blunsdon and David Haverbeke, energy specialists at European law firm, Fieldfisher.

The PexaQuote software is said to allow both parties to a power purchase agreement to identify the best structure and price for a deal within seconds. The platform provides price indices, a deal tracker and a quote service.

Corporations contracted a record amount of wind and solar energy through power purchase agreements in 2019, up more than 40% from the previous year’s record, says a new report from BloombergNEF. The bulk of this purchasing occurred in the U.S. with tech companies and oil and gas majors leading the charge.

The final segment in pv magazine’s look at unsung solar markets heads to Ukraine, where a generous feed in tariff and developments in the corporate PPA segment looks likely to push installations past the 1 GW mark for 2019.

The head of Mercom Capital says solar has a long way to go before it can stand without policy support. Effective grid parity will only be achieved when the cost of PV electricity factors in the expense of grid upgrades and the storage systems its intermittent nature requires, says Raj Prabhu.

The energy transition is accelerating, Ernst & Young global energy leader Benoit Laclau has warned grid operators, thanks to the confluence of digitization, decentralization and decarbonization. Traditional utilities must get with the program or be swept aside.

The PPA relates to a 5 MW solar project that the renewable energy unit of local utility PGE is developing in south-central Poland. The facility, which is expected to come online in mid-2022, will sell power to two big chemical companies operating in the region.

Price deflation and technological innovation are helping solar transform the global electricity sector. A new report by IEEFA highlights the latest solar milestones around the world and charts important trends including the rise of floating solar and the corporate PPAs helping the tech giants ‘green’ their energy-hungry data centres.