Tag: ppa

Iberdrola España to supply 120 GWh renewable energy to Tubos Reunidos Group in Spain

Iberdrola España to supply 120 GWh renewable energy to Tubos Reunidos Group in Spain

May 22, 2025 | , ,

Iberdrola España has inked a long-term power purchase agreement (PPA) with Tubos Reunidos Group. Under this agreement, Iberdrola España will supply 120 GWh of renewable energy to the production centres of Tubos Reunidos Group in Álava and Vizcaya for a period of 10 years. The total of 120 GWh of renewable energy will be supplied over the term of the contract from approximately 10 MW of Iberdrola España’s solar photovoltaic portfolio.

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Reliance Power and GDL ink agreement to develop 500 MW solar project in Bhutan

Reliance Power and GDL ink agreement to develop 500 MW solar project in Bhutan

May 21, 2025 | , ,

Reliance Power Limited has inked a commercial term sheet for a long-term power purchase agreement (PPA) with Green Digital Private Limited (GDL). GDL is owned by Druk Holding and Investments Limited (DHI), which is the investment arm of the Royal Government of Bhutan. The project has an estimated capital outlay of up to Rs 20 billion under the build-own-operate model.

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Grenergy inks 390 GWh solar PPA in Chile

Grenergy inks 390 GWh solar PPA in Chile

May 19, 2025 | , ,

Grenergy has inked a long-term power purchase agreement (PPA) with a global energy company in Chile. The agreement stipulates the sale of 390 GWh of solar energy annually through a daytime PPA. This PPA will come into effect in October 2026. The solar energy will be generated by projects being developed by Grenergy in central Chile. Furthermore, out of the total 390 GWh, 110 GWh of solar energy per year will be provided over a 15-year period.

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CPS Energy and Avangrid expand PPA for wind farm in Texas

CPS Energy and Avangrid expand PPA for wind farm in Texas

April 23, 2025 | , ,

CPS Energy has expanded its existing power purchase agreement (PPA) with Avangrid by incorporating an additional 159.2 MW of wind energy from the Peñascal wind farm situated in Kenedy County, Texas. The Peñascal wind farm has a total capacity of 401 MW. Furthermore, with the expanded agreement, Avangrid will allocate 80 per cent of the total wind energy produced at this facility to CPS Energy’s customers.

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Google and CIP ink PPA for offshore wind project in Taiwan

Google and CIP ink PPA for offshore wind project in Taiwan

April 23, 2025 | , ,

Google has inked a power purchase agreement (PPA) with Copenhagen Infrastructure Partners (CIP) in Taiwan. Under this agreement, Google will purchase renewable energy from the Fengmiao I offshore wind project. The project is situated in Taiwan and is developed by CIP. The project is expected to be operational in 2027. Furthermore, once operational, it will provide reliable power to support Google’s data center, cloud region, and offices in Taiwan.

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Meeting the Increasing Energy Requirement of Data Centres

Meeting the Increasing Energy Requirement of Data Centres

April 14, 2025 |

Investment in new data centres has surged, increasing by nearly 70% in the last two years at the global level. One of the main drivers of this investment has been the rise of artificial intelligence (AI), alongside the deepening digitalisation of the global economy. On the electricity supply side of the equation, the sector is facing several challenges. Electricity demand is already growing strongly in emerging markets and developing economies, driven especially by economic growth, industrialisation, increased adoption of appliances, and surging needs for cooling. Advanced economies are also returning to growth in electricity demand after two decades of stagnation. However, the electricity sector faces several bottlenecks, including permitting times and tangled supply chains.

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Atlas Renewable Energy and Colbún ink PPA for BESS project in Chile

Atlas Renewable Energy and Colbún ink PPA for BESS project in Chile

April 11, 2025 | , ,

Atlas Renewable Energy (Atlas) and Colbún have inked a power purchase agreement (PPA) for a battery energy storage system (BESS) project located in the Antofagasta Region, Chile. The project will have an installed capacity of 230 MW and a storage capacity of 920 MWh per day. This is a 15 year PPA and allows Atlas to build the BESS project and Colbún to acquire the project’s energy supply.

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Celepsa and Zelestra ink PPA for 238 MWdc solar project in Peru

Celepsa and Zelestra ink PPA for 238 MWdc solar project in Peru

April 9, 2025 | , ,

Celepsa and Zelestra have inked a power purchase agreement (PPA) that guarantees the supply of renewable energy for Celepsa’s operations in Peru. The PPA will allow Celepsa to receive 450 GWh of renewable energy annually for its operations. Furthermore, under this agreement, Zelestra will build a 238 MWdc solar project in Peru. The new projects, along with the San Martín project, will increase Zelestra’s contracted portfolio to over 530 MWdc in Peru.

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Scatec inks PPA for 120 MW solar plant in Tunisia

Scatec inks PPA for 120 MW solar plant in Tunisia

March 26, 2025 | , ,

Scatec has inked a 25-year power purchase agreement (PPA) for a 120 MW solar power plant named Sidi Bouzid II in Tunisia. The PPA has been signed with Tunisian state utility Société Tunisienne de l’Electricité et du Gaz (STEG). Scatec also inked a joint development agreement, with Aeolus SAS which is a part of the Japanese conglomerate Toyota Tsusho Group, for the solar plant. Furthermore, the estimated total capital expenditure for the project is €87 million.

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Zelestra and Abastible ink PPA for solar and storage project in Chile

Zelestra and Abastible ink PPA for solar and storage project in Chile

March 21, 2025 | , , ,

Zelestra and Abastible have inked a long-term power purchase agreement (PPA) for the sale of electricity from 100 per cent renewable sources. Under this agreement, the companies will utilise a tailor-made energy solution that consists of a 220 MWdc solar PV plant and a 1 GWh battery energy storage system.  Furthermore, this hybrid plant is situated in Tarapacá, Chile, and has already commenced construction.

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Ireland’s Renewable Energy Policy Review

Ireland’s Renewable Energy Policy Review

February 24, 2025 | , ,

To reach the 80% renewable generation target by 2030, Ireland plans to have 22 GW of renewable electricity capacity installed, up from 6 GW at the end of 2023. Specifically, Ireland has set targets to achieve the deployment of 9 GW of onshore wind, 8 GW of solar PV and at least 5 GW of offshore wind capacity by 2030. Beyond 2030, Ireland expects offshore wind to account for the dominant share of new renewable capacity additions; however, further deployment of new and repowered onshore wind and solar is expected throughout the 2030s.

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EWEC issues RFP to develop 140 MW wind project in Abu Dhabi

EWEC issues RFP to develop 140 MW wind project in Abu Dhabi

February 17, 2025 | , ,

Emirates Water and Electricity Company (EWEC) has issued a request for proposal (RFP) for the development of the Al Sila Wind Independent Power Project (IPP). Once operational, the project is expected to generate up to 140 MW of renewable energy and displace 190,000 tonnes of carbon dioxide annually. Furthermore, the RFP is being issued to 16 companies and consortiums that qualified for this stage after submitting statements of qualification. These companies were shortlisted in October 2024.

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Longroad Energy and Meta ink PPA for solar project in Texas

Longroad Energy and Meta ink PPA for solar project in Texas

December 31, 2024 | , ,

Longroad Energy has inked a long-term Power Purchase Agreement (PPA) with Meta for the entire output produced by the solar project 1000 Mile. It is a 300 MWac solar project located in Yoakum County, Texas. The energy produced from this project will be supplied to the southwest power pool grid. It will contribute to meeting the energy needs of Meta’s data center operations.

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Spain’s Solar Power Policy Framework: IEA Survey

Spain’s Solar Power Policy Framework: IEA Survey

December 9, 2024 | , ,

A limited feed-in premium scheme remained in place for some legacy projects, particularly for centralized solar installations. Approximately 6 GW of PV capacity was still benefiting from this premium scheme. The Spanish government, through programs like the Next Generation EU funds, has provided subsidies to offset the initial costs of installing solar self-consumption. In 2024, the Institute for the Diversification and Saving of Energy (IDAE) launched the Innovative Renewable Energy Program, providing financial aid for projects focused on renewable energy innovation, energy storage, and the implementation of renewable thermal systems.

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Commercial Solar Market in US: Report

Commercial Solar Market in US: Report

November 29, 2024 | , , ,

Solar Means Business tracks U.S. solar photovoltaic (PV) installations that support commercial activities at U.S. facilities. The report focuses on America’s largest companies but includes available data for companies of all sizes. Systems can be located on-site and provide electricity to the facility directly, or off-site and offset grid electricity costs for a company through Virtual Net Metering, Physical and Virtual Power Purchase Agreements (PPA), Green Tariffs or similar arrangements.

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EDF Renewables and Arizona Public Service ink energy storage PPA

EDF Renewables and Arizona Public Service ink energy storage PPA

November 6, 2024 | , ,

EDF Renewables has secured a 20-year Energy Storage Power Purchase Agreement (PPA) with Arizona Public Service (APS) for the Beehive Battery Energy Storage System (BESS) located in Peoria, Maricopa County, Arizona. This stand-alone battery system will feature a 250 MW capacity with a four-hour duration and is slated to begin construction in 2025. 

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