The Royal Bank of Canada has agreed to buy 80,000 MWh per year from two solar parks now under construction in the province of Alberta. They will begin supplying power in April 2021.
Developer Anumar has secured the signature of Norwegian renewables company Statkraft on a 50 MW power purchase agreement for the project and another 30 MW of generation capacity has been awarded a feed-in premium tariff in a tender. Umweltbank provided a €55 million loan.
The project, set to be commissioned this year, will sell power to an unspecified industrial client under a power purchase agreement.
The deal is the fourth power purchase agreement secured by Voltalia in its homeland. French retailer Auchan will buy the electricity under a 20-year contract.
German PV asset manager Encavis and Danish renewables company Greengo have already secured approval for one large project.
The Italian market saw a year-on-year increase in new installations as several unsubsidized solar parks came online. Most of last year’s new capacity arrived in November and December. The regions with largest volumes were big-solar magnets Apulia and Sardinia.
Portuguese energy group EDP has secured a long-term power purchase agreement for its 200 MW Los Cuervos solar plant in the Mexican state of Aguascalientes. Local offtaker Ammper has agreed to buy the electricity.
In a recent conversation with pv magazine, Luca Pedretti – the COO of Swiss software developer Pexapark – said that a new mindset is now required for solar and wind PPAs. The market has not completely stalled, he argued, noting that prices have already started to stabilize.
In a recent chat with pv magazine, Jason Tundermann – vice president of business development at U.S. trading advisory service LevelTen Energy – predicted a better-than-expected scenario for corporate clean-energy PPAs on the Old Continent. He said the net value of long-term PPA offers has not dropped dramatically, offering hope to corporate buyers.
Yulin, in Shaanxi province has brought the curtain down on around 1 GW of PV projects which are under construction. It had previously been expected the city would add around 5 GW of new solar this year.
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