power purchase agreements

The country’s top appeals court has dismissed the Coal Transporters Forum’s long-running effort to nullify 2.3 GW of power purchase agreements which financially troubled utility Eskom signed with solar and wind developers in the country’s fourth national tender round years ago.

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 French energy group has injected an unspecified sum into KarmSolar, which has a 165 MW solar project portfolio in Egypt. The developer specializes in power purchase agreements and solar distribution contracts with large commercial, agricultural and industrial clients.

The energy transition is becoming ever more apparent among power companies, as was evident at the European Utility Week event last week in Paris, which showcased the hopes and fears of energy companies. Rebranding next year to ‘Enlit’, the organizers aim to reach the whole energy industry.

Officials in Dhaka frustrated by the lack of progress on several PV projects have decided to punish tardy developers by setting new power prices which reflect the falling costs of solar project development.

A bid to renegotiate agreed solar and wind power tariffs in Andhra Pradesh appears to be part of a deliberate campaign by the chief minister elected in May to erase the renewable energy commitments made by his predecessor.

The La Poste Group wants one or more green corporate PPAs, to be procured through a tender. The postal service wants to hedge against volatile energy prices.

Two solar farms with 80 MW of generation capacity tendered in 2017 are being built and will be commissioned this year but another two, allocated at the same time, are no nearer construction. Kenya, however, has been touted as the site of Africa’s first wind-solar-storage hybrid project.