Weekly round-up of renewable energy PPA news (July 2-8)

Wind turbines in Norway. Author: Ole Husby.

July 9 (Renewables Now) - In the past week Renewables Now covered a number of stories about new power purchase agreements (PPAs), tenders awarding such, and also about Greece's first renewable energy auction, which awarded contracts for difference (CfDs). See below a short summary.

-- Engie agrees financing, PPA for 208-MW Norwegian wind project

French electric utility Engie SA (EPA:ENGI) announced financing agreements and a 25-year offtake deal for a 208-MW wind project in Norway. It said Hydro Energi, a unit of Norwegian aluminium producer Norsk Hydro ASA, will be buying the output between 2020 and 2045.

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-- Greece awards 277 MW in inaugural renewables tender

Greece completed on July 2 its first renewable energy auction, awarding about 277 MW of capacity to solar and wind power plants. Read more..

EDP Renovaveis SA (ELI:EDPR) said it has been awarded a 20-year Contract-for-Difference (CfD) for a 45-MW wind project, while Spain’s Iberdrola SA (BME:IBE) secured a 16-MW wind farm.

Read about EDPR here and about Iberdrola here.

-- EDPR strikes US PPAs for 405 MW of wind power

EDP Renovaveis SA (ELI:EDPR) has signed four 15-year PPAs tied to 405 MW of wind energy generating capacity in the US. It will supply power to unnamed companies of the commercial and industrial (C&I) sector from parks located in Illinois and Indiana.

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-- Azure Power confirms 600 MW win in Indian solar auction

Indian solar developer Azure Power (NYSE:AZRE) confirmed it has secured 600 MW in a 2-GW solar auction by Solar Energy Corporation of India (SECI). The company expects to sign a 25-year PPA to sell power at INR 2.53 per kWh.

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-- Fortum, Tata win 250 MW each in Karnataka solar tender

Finnish utility Fortum Oyj (HEL:FORTUM) and India’s Tata Power Renewable Energy Ltd have won 250 MW each in a solar tender held by the Karnataka Renewable Energy Development Ltd (KREDL). The PPAs are expected to be signed within a month.

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-- Monash University joins power buyers for 226-MW Australian wind farm

Australia's Monash University has signed a long-term PPA for part of the 226-MW first stage of the Murra Warra wind farm in Victoria.

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-- Odisha’s solar tender over 4 times oversubscribed - report

The 200-MW solar tender of The Grid Corporation of Odisha (GRIDCO) was heavily oversubscribed, attracting 845 МW of proposals, the Business Standard reports. It will award 25-year PPAs.

Read more..

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Browse all articles from Tsvetomira Tsanova

Tsvet has been following the development of the global renewable energy industry for seven years now. She's got a soft spot for emerging markets.

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