Amazon, East Anglia Three Offshore Wind Farm Sign PPA For 159 MW RE Updated On Thu, Mar 21st, 2024 by Saurenergy Amazon recently agreed to procure 159MW from East Anglia Three, developed by Iberdrola, when the site becomes operational. An American multinational technology company collaborated with Iberdrola, which claims to be one of the world’s largest clean energy companies. Amazon expanded its long-term global clean power partnership by signing a renewable energy power purchase agreement (PPA) […] Read more
CERC Order Paves Way For Bundling RE With Thermal For DVC Updated On Wed, Mar 6th, 2024 by Saurenergy In an important order dated March 5 that paves the way for the signing of PPAs between Damodar Valley Corporation (DVC) on one side and ReNew Power and Avaada Energy for 500 MW of solar procurement, the Central Electricity Regulatory Commission (CERC) adopted the discovered tariffs proposed by DVC. The tariffs are notable for being […] Read more
Jakson Green Signs Its First Renewable Power Pact With SECI Updated On Fri, Mar 1st, 2024 by Saurenergy Jakson Green, a new energy transition company signed its first Power Purchase Agreement (PPA) with SECI for a utility-scale solar photovoltaic power project. The PPA originated from SECI’s Tranche XI auction for setting up a grid-connected solar project in India conducted last year. Jakson will be responsible for identifying suitable land, installing the project, and acquiring […] Read more
Schneider Electric, ENGIE Enter Tax Credit Transfer Agreement Under IRA Updated On Thu, Feb 22nd, 2024 by Saurenergy Schneider Electric, a digital energy and automation manager company recently announced its investment in a portfolio of Texas-based clean energy projects. Through this, it utilized a Tax Credit Transfer Agreement (TCTA) for solar and battery storage systems developed, built, and operated by ENGIE North America (ENGIE). The contracted projects are expected to come online throughout […] Read more
Sembcorp RE Acquisition In China, India Rose By 42% YoY In 2023 Updated On Tue, Feb 20th, 2024 by Saurenergy Singapore-based Sembcorp Industries (Sembcorp) recently posted a strong performance for the year of 2023 (FY2023). They recently announced that they made a turnover of S$7.0 billion compared to S$7.8 billion in FY2022. Sembcorp said, “The group net profit before exceptional items (EI) grew 38% year-on-year to S$1.0 billion from S$739 million in FY2022, with higher […] Read more
Vattenfall Inks Deal With Evonik To Supply Solar Power For Chemical Production in Germany Updated On Mon, Feb 19th, 2024 by Saurenergy Germany-based energy supplier company Vattenfall has signed a PPA with specialty chemicals company Evonik that concluded new long-term electricity supply contracts. From 2025, two Vattenfall solar parks in Schleswig-Holstein will supply Evonik with around 120 gigawatt hours of solar power per year for chemical production. The contracts have a term of ten years and fixed […] Read more
Avaada Energy Secures Over 1400 MWp Solar Project Across India Updated On Fri, Feb 9th, 2024 by Saurenergy Avaada Energy, a key entity in the Avaada Group’s renewable energy division, has recently announced an acquisition of approximately 1400 MWp in solar energy projects through recent tenders issued by central and state government agencies in India. Vineet Mittal, Chairperson of Avaada Group said, “Marking a significant stride in India’s renewable energy journey, Avaada Energy […] Read more
North America Witnesses Rise in 2023 Solar PPA Prices, Europe Registers Downfall: Report Updated On Thu, Feb 8th, 2024 by Saurenergy LevelTen, an analyst in the energy market sector, has noted that prices of Power Purchase Agreements (PPAs) in North America have risen over the course of time while that in Europe has decreased with time. The analyst, LevelTen also added in its report that the increase in price across North America has varied as per […] Read more
European Solar PPA Market Witnesses 65% Increase From 2022: Pexapark Updated On Mon, Feb 5th, 2024 by Saurenergy A recent report by Pexapark on European market outlook found the European PPA market recorded a 65% Increase in solar PAA from 2022, due to stabilising environment in deal-making, over the past twelve months. Pexapark in its report mentioned, “Our PPA Tracker recorded a 16.2GW of disclosed contracted volumes – an increase of more than […] Read more
