PPA

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.

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.

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.

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.

Greenvolt Power, a Portuguese independent power producer, says it was awarded 1.2 GW of capacity for six battery energy storage systems (BESS) in a recent renewable energy auction in Poland, claiming it was the “top winner.”

Downing Street is inviting stakeholder feedback into a “cap and floor mechanism” of long duration electricity storage (LDES) systems, and the move has been “warmly welcomed” by one of the country’s renewable groups, the Association for Renewable Energy and Clean Technology (REA). The organization says the consultation signals the government’s intention for implementation.

Northvolt is set to secure €902 million ($986 million) of state aid to build a battery gigafactory in northern Germany, while France has been allocated €2.9 billion to ramp up production of batteries, solar panels, wind turbines and heat pumps, according to a European Commission announcement.

Rural land for renewable generation should be considered as a last resort, developers should restore environments post-project, and hosting “site objections” should be considered, the Ontario Federation of Agriculture (OFA) says in its submission regarding proposed renewable energy legal changes in the Canadian state of Ontario.

According to data collected by AleaSoft Energy Forecasting, wind and solar energy production in Italy and the Iberian Peninsula fell in the last week of 2023 contributing to price rises, but in the new year electricity demand is expected to increase in all analyzed markets.

Solar Philippines says it has broken ground on what it touted to be the world’s largest solar array – a 4 GW solar park spread across 3,500 hectares of land in the northern part of the country.