The second half of October brought a large number of power purchase agreement (PPA) announcements mainly from the US and Europe. This summary of PPA stories, starting with the most recent ones, as usual also includes updates on tenders awarding long-term contracts.
-- Recurrent Energy inks PPAs for 150-MW solar-plus-storage plant
Recurrent Energy, a wholly-owned unit of Canadian Solar Inc (NASDAQ:CSIQ), unveiled two deals to supply power from its 150-MW Slate solar park in California. The two separate 15-year PPAs have been signed with local community-owned electricity agencies Silicon Valley Clean Energy and Monterey Bay Community Power.
-- SunPower to install 23 MW of solar arrays in Illinois for Walmart
SunPower Corp (NASDAQ:SPWR) will install solar power generating systems totalling 23 MW for US retailer Walmart Inc (NYSE:WMT) at 19 of its stores and two distribution centres in Illinois. It will arrange a PPA for Walmart, which will be buying electricity at competitive prices and hedge against future utility rate increases with no upfront capital costs.
-- Dutch transport group GVB to get renewable power from Vattenfall
GVB, the public transport operator for Amsterdam, will run its trams and metros on renewable power supplied by energy company Vattenfall, formerly known as Nuon in the Netherlands, over the next 10 years.
-- Genesis, Tilt close to 100-MW wind PPA in New Zealand
New Zealand utility Genesis Energy (NZE:GNE) is to buy electricity from a 100-MW wind project in New Zealand, developed by Australasian power producer Tilt Renewables Ltd (NZE:TLT), the parties said Wednesday. The partners have agreed terms of a long-term PPA.