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European RE PPA Market Adds 19 GW New Capacity In 2024

The European renewable energy Power Purchase Agreement (PPA) market saw a strong recovery in 2024, with nearly 19 gigawatts (GW) of new capacity contracted, according to Wood Mackenzie’s latest Europe Renewables PPA Tracker report.  The report highlights a surge in PPA activity, with Spain and Germany leading the market, accounting for 30% of total capacity. […]

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BrightNight, Hero Future Energies Inks PPA With NTPC For FDRE Project

BrightNight has signed a power purchase agreement (PPA) with state-run NTPC to supply 110 MWac of firm and dispatchable renewable energy (FDRE) over 25 years. The company said, “The energy will be delivered from a 350 MWp solar-wind hybrid project integrated with a 100 MWh battery energy storage system in Rajasthan, and connected via the […]

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Serentica, NTPC Sign PPA To Supply 200 MW FDRE To UP DISCOMs

Serentica Renewables has signed a power purchase agreement with state-run NTPC Ltd to supply 200 MW of firm and dispatchable renewable energy (FDRE) to Uttar Pradesh’s distribution companies (DISCOMS).  The project will combine solar, wind, and battery storage assets across multiple states to deliver on-demand renewable power, particularly during the state’s morning and evening peak […]

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JSL, Sunsure Sign Solar PPA To Source Power From UP Project

Sunsure Energy said it has signed an 11 MWp long-term power purchase agreement (PPA) with JSL Super Steel, a Ghaziabad-based unit of Jindal Stainless Ltd, to supply solar power from its 49 MWp project in Augasi, Uttar Pradesh. The recent Power Purchase Agreement (PPA) between Sunsure Energy, an independent power producer, with JSL Super Steel, […]

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Vietnam’s Threat To Go Back On Tariff PPA’s Sends Chills Through Developers

Vietnam’s decision to retroactively revise subsidised pricing rules for wind and solar energy has raised concerns among stakeholders in the industry, especially foreign investors. The move comes after Vietnam blew past its renewable addition targets between 2020-23 on the back of a generous Feed In tariff mechanism that made projects much more lucrative in the […]

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Chemplast, JSW Enter PPA To Build 84.9 MW Hybrid Project In TN

Tamil Nadu-based manufacturer of speciality chemicals Chemplast Sanmar and its wholly owned subsidiary (WOS), Chemplast Cuddalore Vinyls Limited (CCVL), have entered into a Power Purchase Agreement (PPA) with JSW Green Energy Nine Limited. As per the terms of the agreement, the companies have agreed to execute a Share Subscription and Shareholders’ Agreement with JSW Neo […]

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Matel, Honda Power Pack Partner To Bring Swappable EV Batteries

Matel Motion & Energy Solutions Pvt. Ltd. (Matel) has entered into a strategic partnership with Honda Power Pack Energy India Pvt. Ltd. (HEID) to integrate its ePowertrain with HEID’s swappable battery solution. This collaboration aims to provide electric vehicle (EV) manufacturers with swappable battery solutions. Range limitations and lengthy charging time remain key challenges for […]

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News In Brief Feb 5: BrightNight Gets PPA, Amazon Solar Deal, Eco Wave’s Pilot Project In India

BrightNight, Cordelio Power Sign PPA To Supply Renewable Energy To Arizona BrightNight, a global renewable power producer, and Cordelio Power entered into a new power purchase agreement with Arizona Public Service (APS), an electricity provider in Arizona. Under the agreement, APS will purchase carbon-free energy from BrightNight and Cordelio’s Pioneer Clean Energy Center, a hybrid […]

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APTEL Backs Sanctity of PPA For Wind Developer In Andhra

In an order that should serve as a marker of PPA sanctity, the Appellate Tribunal For Electricity (APTEL) has ruled against any tinkering with the tariffs committed to in PPAs between generators and discoms. In doing so, APTEL set aside an order of the APERC that allowed the same for Andhra discoms. Green Infra Wind […]

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