Record number of European PPAs in 2023, says Pexapark
The European market for power purchase agreements (PPAs) reached 16.2 GW in contracted volumes in 2023, up 40% year on year. Pexapark, a Swiss consulting firm, says the result marks a “golden era” for European PPAs, as it predicts the market to surpass 20 GW in 2024.
French region announces financial aid for solar PPAs
France’s largest administrative region, Nouvelle-Aquitaine, has launched a call for new solar projects. It aims to promote access to power purchase agreements (PPA) for companies and encourage the emergence of new installations.
Anglo American moves toward 100% renewables with Australian PPA
Mining major Anglo American has struck a deal with Stanwell to power its Australian operations with 100% renewable energy from 2025 onward as part of a 10-year power supply deal.
UK developer acquires Europe’s largest PV project
UK independent power producer Rezolv Energy has acquired the late-stage development rights to a 1,044 MW solar project in Arad county, Romania. The Eastern European country is preparing to roll out a contract-for-difference (CfD) scheme early next year to deploy 3.5 GW of solar and wind.
BASF inks virtual PPAs for 250 MWh of solar, wind
BASF has signed virtual power purchase agreements for 250 MW of solar and wind power in the United States.
Covid-19 weekly round-up: Solar resilient in the US as Australia and Europe forge ahead through crisis
Plus, U.K. analyst Cornwall Insight reports the price of green energy certificates in the nation could stay in the doldrums for some time and industry executives consider the upsides of the new virtual PV business.
21-year solar PPA for three French airports
The airports of Paris-Charles-de-Gaulle, Orly and Le Bourget will be provided with solar power by French solar company Urbasolar and energy provider GazelEnergie. The PV plants related to the contract are now in development and will begin delivering power in 2021.
255 MW Sunraysia Solar Farm nears completion
UNSW Sydney has announced the looming completion of the Sunraysia Solar Farm in Australia. The university is now on track to run on 100% renewable energy from 2020, as the massive 255 MW project will be operational by the end of this year, with 25% of its generation to be purchased by UNSW.
Bilateral PPAs help independent retailers drive large scale Australian solar
Commercial electricity retailer Flow Power has signed an offtake deal through to 2030 for a quarter of the production from the Kiamal Solar Farm, in Victoria. Total Eren – developer of the $90 million, 200 MW project – has now signed three bilateral PPAs with offtakers – pointing the way for project developers as large-scale solar’s competiveness continues to grow.
