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.
Construction begins on El Salvador’s first state-owned solar park
El Salvador’s Lempa River Hydroelectric Executive Commission (CEL) has started building a 17 MW solar park. It is the first to be owned, designed, planned and executed by the national authorities. It is scheduled to start operations in December 2023.
Spain, Portugal to lead renewables in Europe, says Rystad
Norwegian consulting firm Rystad Energy has described the Iberian Peninsula as “a new European energy powerhouse.” It expects Spain and Portugal to reach 79% renewables in their combined electricity mix by 2030.
Thailand introduces FIT scheme for solar, storage
In an unexpected move, the government of Thailand has introduced a feed-in-tariff (FIT) of THB 2,1679 ($0.057)/kWh over 25 years for solar and a 25-year FIT of THB 2,8331/kWh for solar plus storage.
Malaysia to grant 4-year PPA extensions to bidders in large-scale solar tender
The Malaysian authorities have revealed that they will extend power purchase agreements from the fourth LSS4 tender for large-scale PV from 21 to 25 years.
