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Power Purchase Agreement

Google Signs Renewable Energy Deal to Power Data Center

In order to reduce its carbon footprint, Google has signed the deal under a power purchase agreement (PPA) which allows the technology giant to fetch energy directly from the generator. Internet related services and products provider, Google has signed a 10-year renewable energy deal to buy renewable energy from three upcoming wind farms of Finland […]

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Facebook: Commits 75% Lower Emissions, Power 100% Renewable Energy by 2020

In a record-breaking year of corporate renewable energy purchases, Facebook is on track to be one of the largest corporate purchasers of renewable energy. Social media giant Facebook has committed to reduce its greenhouse gas emissions by 75 percent and powering its global operations with 100 percent renewable energy by the end of 2020. In a record-breaking year […]

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Guam Signs Agreement with Hanwha Energy for 60MW Clean Energy

GPA has planned to use renewable energy sources in order to curb the use of non-renewable sources like fossil fuels citing their rising costs. Guam Power Authority has signed a power purchase agreement with the South Korean renewable energy provider, Hanwha Energy for developing 60 MW renewable energy project. General Manager, GPA, John Benavente said, […]

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Gujarat Tops in Terms of Approved Solar Power Generation Capacity

The approval of the solar energy capacity is to be generated at three solar parks namely Dholera, Radhanesada and Harshad. Gujarat state has topped another category of the renewable energy segment. It has been declared the state with the highest approved solar power generation capacity at various solar parks. Out of over 26,000 MW of […]

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BMW Brilliance and CATL Signed Strategic Cooperation Agreement

BMW Brilliance claimed to consolidate its new energy ecosystem of ‘In China, For China’ which covers the entire life cycle of new energy vehicles from battery cell production to battery cell recycling. Luxury and sports automaker BMW’s energy efficient arm BMW Brilliance and battery maker Contemporary Amperex Technology (CATL) has signed a strategic cooperation agreement […]

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Mytrah Energy Wins 100 MW Wind Power Project under MSEDCL Bid

Country’s one of the leading independent power producer, Mytrah Energy (India) Pvt Ltd (MEIPL) has secured a 100 MW wind power project for the Maharashtra State Electricity Distribution Co Ltd (MSEDCL) through competitive bidding. The company has quoted a tariff of Rs 2.86 under the reverse e-auction for the 200 MW capacity and won the […]

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Azure Power’s Portfolio Surpasses 3 Gigawatts

  Azure Power wins 300 MWs with AA+ domestic debt rated government entity (SECI) at a tariff 8% above the lowest bid in the auction 87% of the 2.2 GW contracted pipeline are with counterparties that have A to AAA domestic debt ratings Over 1 GWs of the contracted pipeline are with sovereign counterparties Azure […]

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Azure Power Secures 160 MW Solar Project in UP Auction with Highest Tariff

The project is expected to be commissioned in 2019 and developed outside a solar park. Independent solar power producer, Azure Power has won the 160 MW solar power project in Uttar Pradesh at the highest tariff in a recent auction conducted by the Uttar Pradesh New & Renewable Energy Development Agency (UPNEDA). Further, the company will sign […]

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Tata Power to Develop 250 MW Solar Projects at Pavagada Solar Park

These projects will be set up at the Pavagada Solar Park in Karnataka and the energy will be supplied to the State Discoms under a 25-year Power Purchase Agreements (PPA). Power major Tata Power’s renewable arm, Tata Power Renewable Energy Ltd (TPREL), has received a Letter of Award from Karnataka Renewable Energy Development Ltd (KREDL) […]

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