ENGIE North America (ENGIE) and Meta have finalised an Environmental Attributes Purchase Agreement (EAPA). Under the agreement, ENGIE will supply 260 MW of renewable energy along with associated environmental attributes from the Sypert Branch solar project in Texas, supporting Meta’s net-zero goals.
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B.Grimm Power has signed 25-year power purchase agreements (PPAs) with the Electricity Generating Authority of Thailand (EGAT) and the Provincial Electricity Authority (PEA) for a total of 323.3 MW across eight solar projects in Thailand. The agreements, involving B.Grimm’s subsidiaries and joint ventures, have commercial operation dates set from 2026 to 2030.
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Repsol will supply renewable electricity to Microsoft through six long-term virtual power purchase agreements (VPPAs). The new 12-year supply agreements pertain to three wind farms and three solar plants in Spain, totaling an installed capacity of 230 MW. These projects are expected to be operational by December 2025.
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Avangrid has entered into a Power Purchase Agreement (PPA) with CPS Energy. Under the agreement, CPS Energy secures a 161 MW portion of Avangrid’s Peñascal I wind farm in Kenedy County, Texas. The agreement represents an extension and expansion of a previous 15-year agreement between the two companies for energy from Peñascal I.
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Equinix, a digital infrastructure company, has signed a power purchase agreement (PPA) with TagEnergy for 151 MW of clean energy from the 1.33 GW Golden Plains wind farm in Australia. The PPA will help Equinix achieve its goal of running its business entirely on renewable energy. The wind farm’s 17 International Business Exchange (IBX) data centres in Australia.
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Scout Clean Energy, a Colorado-based renewable energy company, has finalised a deal to sell electricity from a 209 MW solar park it will build in Texas to Colgate-Palmolive Co. The companies have signed a power purchase agreement regarding what will be Scout’s first greenfield solar photovoltaic project.
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Savion Solar and Toyota have signed a 100 MW solar PV virtual power purchase agreement (VPPA) for a brownfield project in Kentucky, US. The project’s anticipated start of construction is in the latter part of 2023, and it will be ready for commercial operation by 2024. The project, developed by Savion and a local solar developer named Edelen Renewables that specialises in brownfield solar projects, will turn an old coal mine in Martin County, close to the border between the states of Kentucky and West Virginia, into a solar PV facility.
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ACWA Power, a Saudi developer, has signed PPAs and investment agreements with the government of the Republic of Uzbekistan to build the 1500 MW Kungrad wind farm in Karakalpakstan, Uzbekistan. The wind farm, which was previously known as the Karakalpakstan Wind IPP, is anticipated to include three 500 MW wind power projects owned by three subsidiaries.
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Microsoft has partnered with Potentia and Greengate on the Paintearth Wind project in Canada under a power purchase agreement (PPA). Microsoft will purchase approximately 543 GWh of renewable energy per year from the wind facility in Alberta’s Paintearth County as part of the 15-year PPA. The project is scheduled to be completed in 2023.
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Google has signed a 942 MW power purchase agreement (PPA) with SB Energy Global to power its Midlothian, Texas, data centre as well as the Dallas Cloud area. The tech giant will purchase nearly 75 per cent of the electricity generated by four of SB Energy’s solar power plants that are currently under construction.
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FORTIA, an energy management platform, and ACCIONA Energía, a subsidiary of ACCIONA, have signed a framework agreement for ACCIONA Energía to deliver 1 TWh of renewable energy annually. This corporate renewable power purchase agreement (PPA) is in place for a period of five to ten years, and according to this, FORTIA will supply clean energy to 20 Spanish companies.
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RD-Law 6/2022 eliminated, for energy generated in 2023 and thereafter with the right to specific remuneration, the adjustment for deviations in the market price of electricity as compared to the forecasts taken into account for each three-year regulatory half-period (and each six-year regulatory period). This adjustment has now been reintroduced, again with changes to how it is regulated.
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AES Corporation, based in the US, has signed two power purchase agreements (PPAs) with Amazon to supply 450 MW of clean energy to power its data centre operations in California. AES Corporation’s portfolio of projects will deliver clean energy to the California Independent System Operator (CAISO) market with 450 MW of solar and 225 MW of four-hour duration battery energy storage.
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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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Johnson & Johnson has signed two power purchase agreements with Ørsted to procure power from Sparta Solar in Texas and Kilgarvan Wind Farm in County Kerry and Booltiagh Wind Farm 1 in County Clare, both in Ireland’s south and west. Sparta Solar’s PPA contains a 55 MW contract capacity from the 250 MW Sparta Solar project in southern Texas.
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The waste-to-hydrogen company, SGH2 Energy has announced that it will supply 3,850 tonnes of green hydrogen annually to two of California’s largest owners and operators of hydrogen refueling stations under a ten-year contract. The deal represents the first and only long-term green hydrogen off-take agreement thus far globally. The plasma-enhanced gasification plant is scheduled to open in 2023 and will be owned jointly by SGH2 and the city of Lancaster.
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A leading Saudi power player, ACWA Power, has finalised the project agreements for the 200 MW Kom Ombo PV plant in Egypt. It has recently signed the 25-year Power Purchase Agreement (PPA), Network Connection Contract and Usufruct Agreement with the Egyptian government. The Government Guarantee for the said solar PV project had already been signed in January 2021.
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Holaluz has signed a power purchase agreement with the German company Enerparc to acquire power generated from a total of 84 MW of solar photovoltaic parks in the Balearic Islands, Spain. The agreement has been signed for a period of 10 years.
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Red Rock Power Limited has acquired Green Investment Group’s 50 per cent equity share of Överturingen onshore wind farm located in central Sweden. Red Rock Power will partner with CapMan Infra, a Nordic infrastructure manager for this deal and will form the Cloud Snurran AB joint venture.
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Brookfield Renewable has decided to acquire a distributed generation platform in the United States. It comprises of 360 MW of capacity spread across nearly 600 sites along with a development pipeline of over 700 MW. With this transaction, Brookfield Renewable becomes an owner-operator of one of the largest commercial and industrial distributed generation portfolios in the United States
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