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power purchase agreeement

Record number of European PPAs in 2023, says Pexapark

The European market for power purchase agreements (PPAs) reached 16.2 GW in contracted volumes in 2023, up 40% year on year. Pexapark, a Swiss consulting firm, says the result marks a “golden era” for European PPAs, as it predicts the market to surpass 20 GW in 2024.

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Australian miner signs baseload PPA contract with Neoen for 24/7 renewables

BHP has signed a 70 MW baseload renewable energy contract with Neoen to meet 50% of the energy demand of its Olympic Dam mining operations in South Australia.

McDonald’s adds 420 MW of solar, pushing renewables capacity past 1 GW

The fast-food giant has signed three new virtual power purchase agreements for two wind farms and a solar project. The 750 MW of new capacity follows the company’s decision to deploy 380 MW of renewables last year.

EnBW starts working on 187 MW unsubsidized PV plant in Germany

The utility will build the project this year on 164 hectares of land just outside of Berlin. It will be the largest solar park to be constructed outside of Germany’s incentive scheme for solar and renewables.

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