PPAs

While the Sino-Canadian business expects high polysilicon and shipping costs to be a temporary problem, CEO Shawn Qu has acknowledged the company will have overcapacity in cell and wafer production lines by the end of the year.

US data management company Iron Mountain has a growing portfolio of onsite and PPA renewables, and it’s one of the first major corporate firms to track its renewables by the hour as part of an innovative PPA that may serve as a forerunner for widespread 24/7 matching.

Re-Source 2021 took place in Amsterdam at the end of last week, and pv magazine was there to cover the event where the suppliers and sellers of renewable power purchase agreements (PPAs) meet the (largely corporate) buyers, though encouraging PPA uptake among small and medium-sized enterprises (SMEs) was among the major talking points, including ‘additionality’, de-risking renewable PPAs and 24/7 matching.

Re-Source 2021 in Amsterdam has kicked off and the pivotal timing of the event has not been lost on any of the attendees or speakers. It is the time to kickstart the energy transition, and following the European Commission’s endorsement of corporate renewable PPAs as a solution to surging energy prices, this is the room where it could happen.

EnergyTag is an independent, non-profit, industry-led initiative that aims to accelerate the shift to carbon-free energy by defining and building a market for time-stamped renewable energy certificates. Already, corporate giants like Google and Amazon are onboard via their participation in demonstration projects in Europe and the U.S. As part of the UP Initiative’s Q3 theme on sustainable electricity supply, founder Toby Ferenczi spoke to pv magazine about the idea behind EnergyTag and how he aims to revamp the electricity market.

The Norwegian renewables business said the PPA-linked generation capacity is part of a wider, $1 billion complex which will feature 540 MW of solar project capacity and 225 MW/1.14 GWh of battery storage.

Two PV farms planned in Sicily by Canadian Solar, with a total 12 MWp generation capacity, will sell the electricity they produce to Axpo Italia under a ten-year PPA at a fixed rate which the Chinese-Canadian company did not reveal.

In its maiden venture into solar power generation, state-run Coal India Limited will set up a 100 MW plant and sell the electricity produced to state utility Gujarat Urja Vikas Nigam Ltd for 25 years.

A new CELA Clean Energy Latin America study looks at 70 power purchase agreements signed for wind and solar PV projects in Brazil.

Under the current Russian energy regulatory framework, bilateral deals can be concluded between a seller and a buyer with a power distribution company mediating as a third party.