Tag: corporate ppa

Status of US Voluntary Green Power Market: Report

Status of US Voluntary Green Power Market: Report

May 3, 2024 | ,

Voluntary green power, for this report, refers to renewable energy procurement by retail electricity customers above what is otherwise provided by load-serving entities. In this year’s report “Status and Trends in the U.S. Voluntary Green Power Market: 2022 Data” by NREL there are two topics of interest that could affect future trends in the U.S. voluntary green power market. The first topic relates to the emergence of three strategies to match green power procurement to buyers’ electricity demand and the second addresses the implications of the federal Inflation Reduction Act (IRA) for the voluntary green power market. 

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First Solar to procure green energy from Cleantech Solar for its India facility

First Solar to procure green energy from Cleantech Solar for its India facility

January 10, 2024 |

Cleantech Solar has entered into a captive power purchase agreement (PPA) with First Solar for a period of 15 years. As per the contract, First Solar will receive power from Cleantech Solar’s 150 MW and 16.8 MW of solar and wind assets in Tamil Nadu, India. This renewable power will be used to power First Solar’s recently established 3.3 GW vertically integrated solar manufacturing facility, situated in Tamil Nadu.

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Tech Firms Seal US Dominance in Corporate Clean Power Purchasing

Tech Firms Seal US Dominance in Corporate Clean Power Purchasing

March 24, 2023 |

US firms are the most prolific buyers of clean energy. They maintained their lead last year, purchasing over half the record 37 gigawatts of power sold to corporations globally. Technology giants Amazon, Facebook-owner Meta, Microsoft and Google are the world’s top buyers of clean power. Amazon is the runaway leader and the 25 gigawatts it has purchased to date almost equals the clean energy portfolio of a leading utility like NextEra Energy, which has about 30 gigawatts in active operation.

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Net Zero Plan and Aggregated PPAs in Taiwan: Briefing

Net Zero Plan and Aggregated PPAs in Taiwan: Briefing

March 3, 2023 | ,

The report notes that, compared to two years ago when the key barriers to renewables in Taiwan were identified as high cost, low supply, and lack of market transparency, things have improved. However, demand for renewables has grown as RE100 members are continuing to make progress on their targets, more Taiwanese companies are committing to using renewable energy, and large electricity consumers are being pushed to source green energy through legislation.

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Decarbonization and Clean Electricity Procurement: IEA Report

Decarbonization and Clean Electricity Procurement: IEA Report

November 15, 2022 | ,

The report aims to guide corporates in choosing impactful ways to procure clean electricity. It also highlights the roles of policy makers, regulators, system operators and network owners and operators in increasing the availability and impact of corporate procurement options. The final chapter offers targeted recommendations for different stakeholder groups.

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Corporate PPA Trends in Japan

Corporate PPA Trends in Japan

September 15, 2022 | ,

This information package put together the latest trends of corporate PPAs in Japan. Typical contract structures for On-site, Physical and Virtual PPAs applicable in the Japanese electricity systems are presented. The features, benefits and issues of each type of contract are summarized in addition to cost comparisons with regular tariffs. New policies such as Feed-in Premium are covered in terms of making corporate PPAs effectively.

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24/7 Clean Power Purchase Agreements: Report

24/7 Clean Power Purchase Agreements: Report

August 2, 2022 | ,

A new form of Power Purchase Agreement (PPA) — the 24/7 clean PPA — promises dramatic increases in the effectiveness of emission reduction efforts in the power generation sector and for corporate off-takers. 24/7 clean PPAs have the potential to address key problems in balancing supply and demand for power as renewables contribute an increasing proportion of generation capacity.

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3 Ways US Cities Broke Clean Energy Records in 2021

3 Ways US Cities Broke Clean Energy Records in 2021

May 22, 2022 |

New data from the annual update of the Local Government Renewables Action Tracker shows that U.S. cities bought 4,370 megawatts (MW) of clean energy in 2021 — enough to power more than 940,000 U.S. households annually. The 2021 figure surpasses the 2020 total by about 4%, and the number is expected to increase as additional public information becomes available about 2021 deals. In 2021, 155 local governments signed 290 renewable energy deals, 25% more cities and 55% more deals than the 2020 record.

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Wind and Solar Corporate PPA Prices Rise Up To 16.7% Across Europe

Wind and Solar Corporate PPA Prices Rise Up To 16.7% Across Europe

May 3, 2022 |

The survey looks at the range of offer prices for solar and onshore wind PPAs across 10 European markets. Solar PPAs are generally more expensive than wind by up to 10 euros/MWh in each respective market, although the average gap has narrowed from 6.7 to 4.5 euros since 2H 2020. This is because onshore wind prices rose slightly more on average (9.4%) than solar (5.7%) over that time.

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US supermarket chain aims for 100% renewable power by 2024

US supermarket chain aims for 100% renewable power by 2024

April 19, 2022 |

Hannaford Supermarkets have announced that they intend to be fully powered by renewable energy by 2024. With this ambitious aim, it reportedly becomes the first large-scale supermarket business to have such an aggressive timeline for becoming renewable powered. Energy intensive supermarkets need large volumes of energy for their heating and cooling requirements. Hannaford has already taken certain measures to reduce its energy consumption.

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Vietnam’s Direct PPA Pilot Scheme

Vietnam’s Direct PPA Pilot Scheme

March 7, 2022 |

Vietnam’s Ministry of Industry and Trade (MOIT) is seeking to implement a direct power purchase agreement (DPPA) pilot scheme which, for the first time, will enable renewable energy generators to directly sell clean electricity to private offtakers under virtual or synthetic PPAs. Under current electricity regulations in Vietnam, Electricity Vietnam (EVN) has a statutory monopoly over the transmission, distribution, wholesale and retail of electricity and is also the sole offtaker in the market.

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Decarbonisation and the evolving role of corporate boards

Decarbonisation and the evolving role of corporate boards

December 23, 2021 | ,

Today, as companies and energy providers strive efforts to meet net-zero carbon emission goals, they are still unclear of the pathway to accomplish their goals. In the light of this growing subject, KPMG in India has launched a report titled “Decarbonisation and the evolving role of corporate boards”  on the sidelines of the 12th edition of its annual energy and natural resources event  ‘ENRich 2021’. 

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Corporate procurement of zero carbon power in the united States

Corporate procurement of zero carbon power in the united States

December 20, 2021 |

By procuring renewable energy through PPAs and the like, companies have enabled the development of many gigawatts (GW) of new renewable generation capacity. From 2014 to 2018, large companies announced transactions with off-site renewable energy projects representing over 15 GW of generating capacity—roughly equal to one-quarter of all renewable capacity installed across the United States during that time.

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EDF Renewables and OVHcloud sign a 15-year renewable PPA

EDF Renewables and OVHcloud sign a 15-year renewable PPA

December 15, 2021 |

EDF Renewables, a global renewable energy pioneer, and OVHcloud, a European cloud solutions provider, have signed their first renewable power purchase agreement. The 15-year agreement involves the delivery of electricity from a 50 MW solar power plant in France that EDF Renewables will build, own, and operate.

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Net Zero For European Businesses

Net Zero For European Businesses

October 19, 2021 | ,

The briefing “The Race to Net Zero is Good for European Business” by Ciarán Humphreys, Researcher, E3G explores the benefits of the transition to net-zero, in terms of business performance, regional development and international competition. It also examines how governments can support and accelerate this transition through progressive, cohesive policy measures.

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Amazon announces its first renewable corporate PPA in Japan

Amazon announces its first renewable corporate PPA in Japan

September 9, 2021 |

Amazon has signed a long-term corporate power purchase agreement (corporate PPA) with Mitsubishi Corporation (MC), marking Amazon’s first use of renewable energy in Japan. This corporate PPA has been facilitated by MC Retail Energy Co., Ltd., under which it will provide electricity to Amazon subsidiary Amazon Web Services (AWS), Inc.’s data centres.

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Seagreen Wind Energy to offer cPPAs from 1075MW wind farm in Scotland

Seagreen Wind Energy to offer cPPAs from 1075MW wind farm in Scotland

August 3, 2021 |

Seagreen Wind Energy, a joint venture between TotalEnergies and SSE Renewables, will provide corporate purchase power agreements (cPPAs) from the under-construction 1075 MW offshore wind farm off the coast of Scotland. The Seagreen terms considerably decrease the normal cPPA period, giving purchasers an alternative to longer-term cPPAs.

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