Kosovo plans to auction off 950 MW of renewables over the next two years, to the tune of €1.2 billion ($1.29 billion).
South African real estate trust Growthpoint Properties has signed an offtake deal with local electricity trader Etana Energy for 195 GWh of renewable energy. The contracted power will be sourced from wind, with a smaller component of hydro and large-scale solar capacity.
Resources giant Rio Tinto has signed Australia’s largest corporate power purchase agreement (PPA) to date. It has agreed to buy 100% of the output from European Energy Australia’s 1.1 GW Upper Calliope Solar Farm to provide renewable power to its aluminum operations in the state of Queensland.
Charles Lesser, who leads UK operations at Apricum, and Apricum Project Manager Alexandra Popova explain why the renewables consultancy is predicting a big rise in solar-plus-storage projects in Great Britain.
Pexapark says developers signed 17 long-term power purchase agreements (PPAs) in Europe in September, with 14 of them specifically involving solar projects.
Power purchase agreement (PPA) prices increased by 1.4% on average in Europe in August, according to Pexapark. It says that only nine deals with a combined capacity of 193 MW were closed.
Pexapark, a Swiss consultancy, has studied energy storage drivers, value streams, contractual agreements, and regional perspectives in Europe. It says that one obstacle to deployment is the inability to properly model revenue, and notes that 15% of companies plan to use AC coupling for projects in the next three years.
Pexapark says that prices for power purchase agreements (PPA) fell 11% in Europe in May. Germany and Spain were the largest markets for PPAs, with deals totaling 245 MW and 317 MW, respectively.
The European Union needs to secure a final agreement on its new electricity market design by the end of this year.
LevelTen Energy has reported a 1% decline in power purchase agreement (PPA) prices from the first quarter to the second quarter in the United States, following three years of consecutive quarterly increases.
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