Universities, automakers, banks and egg producers announced power purchase agreements (PPAs) for renewable electricity in the last two weeks in different parts of the world. Our summary starts with the most recent stories and ends with pieces from an interview with renewable energy procurement expert Bill Weihl. Enjoy!
-- Virginia to buy power from 420 MW of new wind, solar
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Dominion Energy Inc (NYSE:D) said Friday the electricity generated by Virginia's first onshore wind farm and four solar parks will go to power state-owned buildings and facilities under an agreement between the utility and the Commonwealth. The total capacity in the power purchase deal is 420 MW and Dominion believes this is “the largest procurement of renewable energy by a state to meet its own renewable energy needs”. Read more..
-- ACEA Energia to buy 1.5 TWh of wind power from ERG in Italy
Italian energy company ERG SpA (BIT:ERG) has signed a deal to sell the entire electricity output of its 13.2-MW Avigliano wind park in Italy to domestic utility ACEA Energia. Read more..
-- Ford in UK signs contract for 250 GWh/y with Drax unit
US automaker Ford Motor Company (NYSE:F) has agreed to purchase 250 GWh of renewable electricity per year for its three manufacturing locations in the UK. The contract has been signed with Ipswich-based business electricity supplier Haven Power, which mainly sells power from the biomass-fired units of parent company Drax Group Plc (LON:DRX). Read more..
-- Limejump expands virtual platform with Buefield Solar PPA
UK energy technology firm Limejump has signed a short-term PPA with UK solar investor Bluefield Solar Income Fund Ltd (LON:BSIF). The fixed-price deal will see Limejump take over the management of power sales for a portfolio of four of Bluefield’s photovoltaic (PV) plants. Read more..
-- Wells Fargo to buy solar power from new NRG plant in Texas
Wells Fargo & Co (NYSE:WFC) has inked a deal with Reliant, a unit of NRG Energy Inc (NYSE:NRG), under which 400 of the bank's properties in Texas will be powered by a new solar park. The 10-year structured renewable energy agreement calls for the annual supply of around 62,000 MWh of solar power. Read more..
-- OX2, Axpo ink PPA for 60 MW of Finnish wind power
Swedish renewables developer OX2 has signed a PPA for the output of 60 MW of wind parks in Finland with Swiss energy utility Axpo Holding AG. Read more..
-- Enea to power Polish coal mine with 30 MW of solar PV
Polish energy group Enea SA (WSE:ENA) will install up to 30 MW of solar capacity for a local coal mine in which it is a majority shareholder. Read more..
-- IEnova bags 3rd PPA for 150-MW solar project in Mexico
Mexican power and gas utility Infraestructura Energetica Nova SAB de CV (IEnova) has secured a third PPA to support its 150-MW solar project in Juarez in Mexico's Chihuahua state. The deal has been signed with packaging supplier Envases Universales de Mexico SAPI de CV. Read more..
-- Engie to build 50 MWp of solar, 300 MWh of storage in Guam
Engie EPS (EPS:FP), a subsidiary of French utility Engie SA (EPA:ENGI), has made the lowest bid a tender for the construction of solar and storage capacity in Guam. It proposed to build 50 MWp of solar capacity with 300 MWh of battery storage and is expecting to sign a 20-year PPA with the Guam Power Authority (GPA). Read more..
-- Clean Power Alliance inks 300-MW wind PPA with NextEra
Southern California electricity provider Clean Power Alliance (CPA) has sealed a 20-year PPA for 300 MW of wind energy to be produced by a new plant in Arizona. Specifically, CPA has agreed to buy electricity generated by NextEra Energy Resources LLC’s White Hills wind farm near Hoover Dam. Read more..
-- Colbun signs PPA with Chilean egg producer
Chilean egg producer Huevos Santa Marta has secured electricity from 100% renewable sources for the next six years under a PPA signed with Colbun SA. Read more..
-- Statkraft, UK universities ink landmark aggregated wind PPA
Some of the UK's largest universities will be sourcing their electricity from wind power under a GBP-50-million deal with Norwegian utility Statkraft AS. The aggregated power purchase agreement has been signed by 20 universities and has a 10-year term. Read more..
-- Portugal's Galp ensures PPAs with X-Elio for 200 MW of solar power
Portuguese energy conglomerate Galp (ELI:GALP) and Spain-based solar developer and operator X-Elio have entered into a long-term framework agreement that envisages signing off-take contracts for 200 MW of solar power. Under the terms of the deal, Galp will sign a number of synthetic power purchase agreements (PPAs) that cover an annual supply of 358 GWh during a 12-year period. Read more..
INTERVIEW - Collaboration is key to growing PPA market beyond big corps
Small consumers banding together to sign power purchase agreements (PPAs) is a new and important trend on the renewable energy market, opening up new opportunities for both electricity buyers and sellers. At The Business Booster event in Paris, Renewables Now discussed this topic with Bill Weihl, a renewable energy procurement expert who has helped grow the RE100 initiative and the Renewable Energy Buyers Alliance (REBA). Bill gave us an optimistic overview of where the US energy market is going and how far renewables have penetrated it.
Read the full interview here...
Solar panels in Virginia. Source: Dominion Energy.
