Round-up of renewable energy PPA news (Aug 26-Sep 8)
Solar PV plant. Featured Image: Gilles Paire/Shutterstock.com
September 9 (Renewables Now) - "Variety" is a word that describes pretty well the latest power purchase agreements (PPAs) and power supply arrangements between companies from different sectors and producers of renewable electricity. The overview starts with the most recent news.
-- Consumers Energy inks 100-MW solar off-take contract in Michigan
US utility Consumers Energy, the principal subsidiary of CMS Energy (NYSE:CMS), has agreed to buy 100 MW of power from the 149-MW River Fork Solar facility in Calhoun County, Michigan. The 20-year agreement with utility-scale solar developer Ranger Power has to be cleared by the Michigan Public Service Commission. Read more..
-- Banco do Brasil looking to contract 8 GWh of DG solar per year
Brazilian national bank Banco do Brasil SA (BVMF:BBAS3), also knows as BB, is holding three bidding rounds on September 10 and 11 to contract 8 GWh of solar power from distributed generation (DG) systems. It says it is the first institution in the public sector to embrace the DG lease model for power supply. Read more..
-- Demo tidal array of SIMEC Atlantis JV to sell power to Alderney island
SIMEC Atlantis Energy Ltd (LON:SAE) will supply at least 5 GWh of electricity annually to the Alderney island of the Channel Islands group from a pilot tidal array system off the French coast. Through the Normandie Hydroliennes joint venture (JV), Atlantis has signed a heads of terms for the power supplies with the island’s energy provider Alderney Electricity Ltd (AEL). Read more..
-- PGE and Polish railway operator plan solar partnership
Polish railway operator Polskie Koleje Panństwowe SA (PKP) and energy group PGE Polska Grupa Energetyczna SA (WSE:PGE) plan to partner in the implementation of solar projects on PKP land. PGE said an agreement for their first joint project is expected to be reached by the first quarter of 2020.
The railway operator has expressed interest in purchasing solar power from parks to be built under the partnership. Read more..
-- Cambodian solar auction draws tariff of USD 38.77/MWh
The tender for a 60-MW solar project in Cambodia has resulted in a bid of USD 0.03877 per kWh, which is currently the lowest solar power purchase tariff in Southeast Asia. The auction attracted 26 bidders, with Prime Road Alternative Company Ltd submitting the lowest tariff. The winner will sell its output under a long-term PPA. Read more..
-- Poland's PGE, KGHM plan solar JV
Polish power group PGE Polska Grupa Energetyczna SA (WSE:PGE) will be building solar parks for copper and silver producer KGHM Polska Miedz SA (WSE:KGH). The two companies have signed a letter of intent (LoI) for this cooperation, which envisages the installation of PV power facilities at sites belonging to KGHM.
KGHM aims to source 50% of its power from own generators by 2030, including renewable energy systems. Read more..
-- Facebook seals 200-MW wind PPA in Texas
Social media giant Facebook (NASDAQ:FB) has signed a PPA that allows it to buy the electricity generated by a 200-MW portion of the 525-MW Aviator Wind project in Texas.
The project is being developed by Apex Clean Energy and owned by funds managed by Ares Management Corporation (NYSE:ARES). An additional corporate PPA for the majority of the remaining capacity is to be unveiled at a later date. Read more..
-- EDPR lands late PPA for 142 MW in Portuguese solar auction
Renewable energy company EDP Renovaveis SA (ELI:EDPR) has managed to secure a 15-year PPA for its 142-MW Ribatejo project in the Portugal solar auction after more than a month of post-tender price haggling. Read more..
-- Centrica locks PPA for 4-MW PV park in Germany
Centrica Energy Trading, a unit of UK’s Centrica plc (LON:CNA), has sealed a 10-year PPA with German energy company Enovos Deutschland SE for a 4-MW solar park in Germany that will run unsubsidised. Enovos will then sell the power to its industrial customers. Read more..
-- Statkraft inks PPA with BayWa r.e. for 50-MWp solar park in Spain
Norwegian state-owned energy company Statkraft AS has once again partnered with BayWa r.e. renewable energy GmbH, looking to secure the output of the 50-MWp Don Rodrigo 2 solar park. The Norwegian-German pair has signed a 12-year PPA for the new park near Seville, southern Spain. Read more..