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Power Purchase Agreement

Apollo Solar Project of EDF Renewables to Power 1200 Restaurants of McDonald’s

EDF Renewables North America has said that it has signed a 15-year virtual power purchase agreement with fast food chain McDonald’s. The 255 MWac / 332 MWdc Apollo Solar project will help McDonald’s meet its sustainability goals.  Apollo Solar is located in Texas and is expected to begin delivery of low carbon electricity in June […]

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BHE Renewables to Invest $500m in RE-Powered Site in West Virginia

West Virginia Governor Jim Justice has announced that BHE Renewables, a Berkshire Hathaway Energy business, has entered into an agreement with the State of West Virginia to purchase more than 2,000 acres of land in Ravenswood, and develop it as a renewable energy microgrid-powered industrial site. The firm will be making an investment of $500m […]

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SolarPower Europe Demands EU Windfall Measures to Target Actual Profits Only

Trade body SolarPower Europe has said that windfall revenue measures of power generators in Europe should target actual profits only and make an exemption for renewables that do not make windfall profits. It “should therefore not be subject to windfall measures,” it further added. The move comes even as energy prices across Europe test new […]

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Ministry of Power Modifies Rules for Purchasing RTC Renewable Energy

The parameters for the tariff-based competitive bidding process to purchase round-the-clock (RTC) power from grid-connected renewable energy projects have been amended, according to the Ministry of Power (MoP). Under Section 63 of the Electricity Act of 2003, these regulations were first released in July 2020. The current amendment permits producers of renewable energy to combine […]

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Boviet Solar & Origis Energy Upgrade Agreement to Over 1.1 GW

Vietnam-based Boviet Solar Technology, a leading global solar energy technology company, has signed an additional purchase order for more than 400 Megawatts of solar capacity with Origis Energy, one of America’s largest solar and energy storage developers. Together with the original 700 MW agreement signed in July this year, the partnership now covers 1.1 GW […]

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SJVN Eyes 5000 MW Solar Power Projects in Punjab

State-owned Satluj Jal Vidyut Nigam (SJVN), which has emerged as a pioneer in the development of renewable energy in India, is eyeing the development of about 5000 MW of green energy in the state of Punjab. In a recent move, SJVN’s Chairman & Managing Director Nand Lal Sharma met Bhagwant Mann, the Chief Minister of […]

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Tata Power Delhi Distribution Invites RFS for 255 MW of Hybrid Projects

Tata Power Delhi Distribution (TPDDL) has invited a request for selection (RfS) for the setting up of 255 MW wind-solar hybrid power projects with a greenshoe option for an additional 255 MW across India. The projects will be developed using a build-own-operate model. Out of the total 255 MW project capacity, Tata Power-DDL needs 85 […]

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Botswana Power Corporation Awards Scatec ASA First Large Scale Solar Contract

Norway-based renewable energy leader Scatec has said that it has signed a binding 25-year power purchase agreement (PPA) with and the Botswana Power Corporation (BPC) for the construction of a solar PV facility with a contracted capacity of 50 megawatt. The solar facility will be set up in Selibe Phikwe, a former mining town located […]

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Syngene Seeks 100% Green Energy With Another Green PPA With O2 Power

Contract research and manufacturing firm Syngene International has announced that it has inked a pact to acquire an equity stake up to 26 per cent in O2 Renewable Energy II. The stake is picked up to maintain the captive status of the renewable energy project that O2 power will  set up, as per regulatory norms […]

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