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Filatex India Signs PPA To Purchase Renewable Energy

Filatex India Ltd, has signed a PPA with FP Crysta Energy Pvt Ltd and an SHA with FPEL Sunrise Pvt Ltd. The agreements have been signed under Gujarat’s Hybrid Wind-Solar Power Policy 2018 to mitigate the cost of energy from the grid that has constantly been on the rise and while also keeping in mind […]

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Statkraft Backs Solar Park with 5- year PPA

Europe’s leading renewable energy player, Norwegian firm Statkraft, has signed a 5-year power purchase agreement (PPA) for the Strasen Solar Park. The Norwegian energy company is thus supporting the construction and operation of the 30 MW solar park. According to the official statement of Statkraft, the solar parkwill operate entirely without EEG subsidies and is […]

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Air Liquide Signs Its Biggest PPA To Decarbonize Ops In Netherlands

Air Liquide has announced that it has signed its biggest long-term Power Purchase Agreement (PPA) to date with approximately 115 MW of new offshore wind electricity, purchased to Vattenfall in the Netherlands. Air Liquide is in the business of production, distribution and sale of industrial and medical gases, technologies and services through 26 industrial sites. […]

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ReNew Analyst Call Highlights- Module Mfg Hiked To 6 GW, Corporate PPA Market, More Backward Integration

Nasdaq listed ReNew Energy Global (ReNew Power), which announced its Q4 results for FY 22 yesterday (June 15), hosted its analyst call later in the evening. We bring you some of the key highlights from the call, where Founder, Chairman and CEO Sumant Sinha Spoke, along with new CFO Kedar Upadhye, Chief Sustainability Officer Vaishali […]

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VPPAs Could Help Meet A Quarter Of India’s 2030 Target of Renewable Energy

The recently released WWF-India’s report “Virtual Power Purchase Agreement (VPPA) for C&I consumers in India” highlights that the total estimated demand for VPPAs in India by 2030 could be as high as 104 GW, which could help to meet 27% of the remaining target of India’s 500 GW target by 2030.  The VPPAs offer many strategic […]

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South Africa Moves A Step Closer to 540 MW Solar and 1.1 GW Storage With Scatec PPA Signing

Oslo, Norway headquartered, Scatec ASA has signed a power purchase agreement for three co-located solar and storage projects under the Risk Mitigation Independent Power Producer Procurement Programme (RMIPPPP) alongside the South African government. The PPA will run for 20 years. This agreement also included 540MW of solar power capacity. With this, South Africa is one […]

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ReNew Power Signs PPA With Meghmani Finechem For Hybrid Project

Meghmani Finechem Limited (MFL), a leading manufacturer of Chlor-Alkali and its value added derivatives, on May 28 announced that it has entered into agreements with Renew Green Energy Solutions Pvt Ltd for setting up a wind-solar hybrid power project. Meghmani Finechem has executed an Energy Subscription Agreement (ESA) and Share Subscription and Shareholder Agreement (SSSHA) […]

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DERC Rules in Favour of Rays Power on PPA dispute With NDMC, Orders Payment of Arrears

The Delhi Electricity Regulatory Commission (DERC) has finally approved the PPAs signed between Rays Power and NDMC, following a 7-year delay attributable to the latter. In March 2015, the New Delhi Municipal Council (NDMC) entered into 23 solar Power Purchase Agreements with Rays Power Experts Pvt. Ltd. In November 2016, NDMC approached DERC to request […]

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Statkraft inks 300 GWh RE PPA with German cement mfr

Statkraft, a hydropower company fully owned by the Norwegian state, has signed a further power purchase agreement (PPA) with OPTERRA, a German cement manufacturer, for the supply of renewable power from onshore wind and solar power. It follows a wind power PPA agreed in 2021 and enables OPTERRA to further transition its plant operations to a […]

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