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Power Purchase Agreement

SoftBank’s investments in India to surpass $10 billion in 5-10 years

Japanese telecom and Internet giant SoftBank has announced that its investments in the country will surpass USD 10 billion in 5-10 years. Chief Executive Masayoshi Son to PTI said SoftBank will make its first USD 350 million investment in a solar project in India and expand in next 5-10 years, probably around USD 10 billion. […]

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GE Energy Financial Services connects 32 MW PV mega-solar project in Okayama Prefecture, Japan

GE Energy Financial Services and Virginia Solar Group have started commercial operations on its jointly owned 32-megawatt Pacifico Energy Kumenan Mega Solar Project in Okayama prefecture, Japan. As one of largest solar power plants in the prefecture, Kumenan Solar Project has been operating with enough power to meet the demands of 11,000 Japanese households since […]

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IKEA to install Tennessee’s largest solar rooftop array on its Memphis store

Swedish home furnishing retailer, IKEA has announced plans to install a solar energy system atop its Memphis store opening late Fall 2016. It is said be the largest rooftop solar array in the State of Tennessee. The 271,000 square-foot future IKEA Memphis, including approximately 800 parking spaces, will be built on 35 acres in the […]

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Martifer Solar signs DA with Canadian Solar for a 63MW PV plant project in Mexico

Martifer Solar and its JV MIRE partners have signed a Development Agreement with Canadian Solar for a 63MW solar power project in Aguascalientes, Mexico. The joint venture formed by Martifer Solar Sistemas Solares, S.A., Energía ECG, S.A.P.I de C.V. and Ithaca Environmental Ventures Limited to develop projects in Mexico. MIRE began the development of this […]

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Fortum announces to invest EUR 200–400 million in solar projects in India

Finnish utility firm Fortum on Tuesday announced to invest euros 200-400 million (Approx. Rs 15100-30200 crore) in solar power projects in India. Fortum in a statement said “the country offers one of the best solar resources and a sound government support for the development of the solar sector. The country provides a good platform for […]

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EDF Renewable Energy signs 15 year PPA with a California Utility for 111 MWac Solar Project

EDF Renewable Energy has signed a 15-year Power Purchase Agreement with Southern California Edison (SCE) for 111.2 megawatt alternating current (MWac) solar project. The Valentine solar project will deliver clean electricity to SCE starting December 2019. Valentine Solar spreads across 1,260 acres of private land in Kern County’s Mojave Desert, adjacent to company’s Catalina Solar […]

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SECI to set up grid connected 100 MW Solar PV projects across Chhattisgarh

Solar Energy Corporation of India (SECI) on “Build Own Operate” basis is setting up grid connected 100 MW Solar PV projects under JNNUSM across Chhattisgarh claims a report. According to The Pioneer SECI will enter into Power Purchase Agreement (PPA) with the bidders to purchase solar power for a period of 25 years. Chhattisgarh Renewable […]

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PSEG Solar Source acquires 37.8 MW-dc solar energy facility from Juwi for $60m

PSEG Solar Source has acquired a 37.8 MW-dc solar energy facility from juwi Inc. for $6 million. The facility located in Las Animas County, Colorado will be named PSEG San Isabel Solar Energy Center. It will increase the capacity of PSEG Solar Source’s portfolio to 315 MW-dc. The PSEG San Isabel Solar Energy Center has […]

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