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PPA

Europe records 24 PPA deals for 1.1 GW of solar in February

Investors and developers in Europe signed 24 power purchase agreements (PPAs) for 1.1 GW of solar in February, making it a “month to remember,” according to Swiss consultancy Pexapark.

Sweden records up to 1.4 GW of new solar for 2023

High interest rates, inflation, and customer uncertainty could slow down residential PV growth in Sweden this year, despite record solar installations in 2023, but interest in utility-scale PV remains strong.

TotalEnergies hits 1.5 GW of on-site solar PPAs

France’s TotalEnergies says it has signed 1.5 GW of on-site solar power purchase agreements (PPAs) with more than 600 industrial and commercial customers in more than 30 countries.

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Corporate PPAs hit record high in 2023, says BloombergNEF

BloombergNEF says in a new report that corporations publicly announced 46 GW of solar and wind power purchase agreements (PPAs) in 2023, up 12% year on year. It says the increase was driven by a surge of activity in Europe.

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South African property company signs offtake deal for wind, solar, hydro

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.

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Reel secures €5 million to expand corporate PPA business

Reel, a spinoff of the Technical University of Denmark (DTU), has raised €5 million ($5.4 million) of seed capital to enhance its products and expand internationally. It is offering customized fixed price contracts to businesses based on solar and wind power purchase agreements (PPAs).

Pexapark says European developers signed 23 PPAs for 936 MW in December

Pexapark, a Swiss consulting firm, says December marked a robust conclusion to a strong year for power purchase agreements (PPA). Developers secured 23 new PPAs – nine more than in December 2022 – with a combined capacity of 936 MW.

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Alight, H&M Group sign PPA for Swedish solar parks

Solar developer Alight will own and operate three solar parks under long-term power purchase agreements (PPAs) in Sweden. The projects are expected to generate at least 24 GWh combined, providing power to fashion retailer H&M.

Rio Tinto signs long-term PPA for 1.1 GW Australian solar plant

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.

Japan PPA market now includes solar carports

Sumitomo and Shikoku Electric have agreed to sell solar power to Japanese retailer Aeon Mall under a power purchase agreement (PPA). Around 15 MW of solar carports are now being developed to supply the electricity.

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