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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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Atlas Signs PPA with Enel for supply of 1.3 TWh/year of Wind Power

The USA-based Atlas Renewable Energy announced that it has signed a long term power purchase agreement (PPA) with Enel Generación Chile for 1.3 TWh/year with the development of its first wind power project. The portfolio’s three wind projects total 417 MW throughout Chile, helping accelerate its clean energy transition. Atlas Renewable Energy is part of […]

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Renewable PPA’s In Europe Surge 8.1% QoQ

European renewable PPA prices surged 8.1% quarter over quarter and 27.5% year over year, with the crisis in Ukraine the latest development to the deepening energy crisis, according to LevelTen Energy’s European Q1 2022 PPA Price Index, released today. Despite this uncertainty, demand for renewables has remained strong causing a shortage of projects for buyers. The […]

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Saudi Arabia Signs PPA Contracts for Solar Power Deals Worth $665 Million

The Kingdom of Saudi Arabia is bullish on raising the renewable share in its energy mix as it has awarded contracts for two new solar power projects. These projects will make a combined capacity of one gigawatt. Saudi Arabia is world’s largest oil exporter but has a huge target to add 60GW of solar power to […]

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APTEL Clears Way For BSES Discoms to exit NTPC’s Dadri-I PPAs

In a major relief to BSES Yamuna and BSES Rajdhani, the Appellate Tribunal for Electricity (APTEL) has upheld the appeal by the two DISCOMS and allowed them to withdraw from the power purchase agreements (PPA) and supplementary PPA with NTPC’s Dadri I plant. The key reason behind the order is that the power generating plant […]

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Corporate PPA market overtakes utility PPA’s in Europe in 2021, changes foreseen

Corporate contracted capacity in Europe hit 6.5GW in 2021, versus  4.6GW for utility PPAs, making it the first time corporate PPA’s overtook utility PPA’s in Europe. This is disclosed in a report by renewable advisory firm, Pexapark, in its report titled European PPA Market Outlook 2022.  The resurgence of corporate PPA’s, at a time when […]

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Ayana, Fortum bag 600 MW Solar Power Auctions for Gadag, Koppal in Karnataka

Leading solar power companies Project Eight Renewable Power Private Limited (Ayana) and Solar One Energy Private Limited (Fortum) have won 600 MW in Solar Energy Corporation of India’s (SECI) solar power auctions. This particular bid was for the Gadag Sub-Station. Talking about individual success of both the players, Ayana has won 300 MW capacity at […]

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