Solar PPAs key for hydrogen economy
Scientists in Spain have assessed the potential of power purchase agreements in ensuring the development of green hydrogen projects powered by utility-scale photovoltaics. They presented an operational multi-state modeling of electrolyzers and showed how solar plants under PPAs could significantly increase their rate of return.
Stellantis signs second-largest corporate PPA in US history
Stellantis – the manufacturer of Chrysler, Dodge, Fiat and Jeep vehicles – has signed the second-largest corporate power purchase agreement in the United States, after Ford.
Alight, Neoen sign largest PPA in Sweden
Alight and Neoen have agreed to sell power to H&M from a 90 MW solar project under a long-term power purchase agreement. Construction will begin in the second half of 2023.
Sweden set to install 750 MW of new solar in 2022
Sweden’s annual PV capacity additions could grow by around 33% to 750 MW this year, from 500 MW in 2021, according to Becquerel Sweden. The large-scale solar market is set to contribute up to 150 MW, and the segment is expected to grow significantly beyond 2022.
BayWa, Velux sign Europe’s first agrivoltaics-linked PPA
Germany’s BayWa r.e. and Denmark’s Velux have announced the first agrivoltaic corporate power purchase agreement (PPA) in Europe. BayWa will build two solar parks in Spain to power Velux’s operations, with capacities of 60 MWp and 56 MWp. One of them will partly be an agricultural PV project.
Ernst & Young ranks India, China, US as world’s most attractive solar markets
India is the top market for solar investment, according to the latest edition of Ernst & Young’s renewables attractiveness index. Spain, Germany and the United States are the top three markets for corporate power purchase agreements (PPAs).
French government sets up PPA guarantee fund for renewables
The French government has revealed that French lender Bpifrance will manage a fund to guarantee power purchase agreements for up to 500 MW of cumulative installed capacity.
Solar dominates renewable corporate PPAs in Asia Pacific, says WoodMac
Corporations in the Asia-Pacific region are set to contract a record 7 GW of renewable capacity in 2022, according to a new report by Wood Mackenzie. Solar accounts for 57% of the region’s contracted corporate renewable power purchase agreements (PPAs) to date. India, Australia and Taiwan account for 89% of overall capacity in the region.
French railway operator signs 25-year solar PPA
SNCF has agreed to buy 207 GWh of annual electricity supplies under a 25-year power purchase agreement with France’s Reden, which is building four solar plants to provide electricity to the railway operator.
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.
