Los Angeles says “Yes” to the cheapest solar plus storage in the USA

Los Angeles says “Yes” to the cheapest solar plus storage in the USA

Yesterday, Los Angeles Department of Water and Power (LADWP) Board of Commissioners voted unanimously to approve a power purchase agreement (PPA) with 8minute Solar Energy for a solar power plus energy storage facility located in Kern County, California.

Sunnova Partners With California Roofer Ahead of Solar Mandate

Sunnova Partners With California Roofer Ahead of Solar Mandate

Residential solar provider Sunnova and PetersenDean, a California-based company that installs roofs and solar, will work together on solar and storage leases and power-purchase agreements in the state.PetersenDean said its deal with Sunnova is the only solar service provider partnership it has solidified in California.

Microsoft is on a solar shopping spree

Microsoft is on a solar shopping spree

Enter Microsoft, which on Tuesday night announced it had closed a 20-year power purchase agreement for the energy generated by First Solar’s 150 MWac Sun Streams 2 solar plant.

Deal for Hywind power makes it ‘stronger business’, top analyst says

Deal for Hywind power makes it ‘stronger business’, top analyst says

Danish firm Danske Commodities this week snapped up the power from the floating offshore wind farm situated off the coast of Peterhead, in a 20-year Power Purchase Agreement (PPA). Adam Forsyth, renewable energy analyst for Cantor Fitzgerald, said the new deal “makes a lot of sense” in the growing floating offshore wind market.

Bank Australia becomes first Australian bank to purchase 100% renewables

Bank Australia becomes first Australian bank to purchase 100% renewables

Bank Australia says has entered into a 10-year power purchase agreement with renewable energy project developer Pacific Hydro in a deal facilitated by the Melbourne Renewable Energy Project Group.

Ørsted CEO expects strong growth in U.S. renewable market to continue even without incentives

Ørsted CEO expects strong growth in U.S. renewable market to continue even without incentives

Ørsted expects its burgeoning U.S. onshore business to thrive despite the phaseout of renewable production tax credits, or PTCs, this year, as the subsidies will be offset by higher prices on corporate power purchase agreements, or PPAs, and continued cost declines, especially for onshore wind.

Solar Developer 7X Energy Secures Final Corporate PPA for 690MW Texas Project

Solar Developer 7X Energy Secures Final Corporate PPA for 690MW Texas Project

Solar developer 7X Energy secured a second and final corporate power-purchase agreement for its 690-megawatt Taygete project in West Texas, unlocking what will be the state’s largest solar project as the ambitious developer readies a push into new markets.

Westpac taps NSW solar farm in shift to 100% renewables

Westpac taps NSW solar farm in shift to 100% renewables

Westpac has become the fourth Australian company – and the third major bank – to sign up to the global RE100 movement, with a commitment to source the equivalent of 100 per cent of its global electricity consumption through renewable sources by 2025.The pledge was delivered on Wednesday, alongside news of the first phase of the bank’s renewables transition – a power purchase agreement with the Bomen Solar Farm, planned for construction in Wagga Wagga, New South Wales.

Shell-owned firm agrees PPA for Highland Hydro plant

Shell-owned firm agrees PPA for Highland Hydro plant

A Shell-owned firm has announced it has acquired a Power Purchase agreement (PPA) for a Highland Hydro Plant. Energy generation trade firm Limejump said last night it will will manage the generation from DHG Hydro’s 1.2 megawatt (MW) Langwell Hydro Power Plant, located near Ullapool.

Idaho Power Signs Super-Low Solar PPA to Buoy 100% Clean Energy Plans

Idaho Power Signs Super-Low Solar PPA to Buoy 100% Clean Energy Plans

Idaho Power announced plans to transition its generation to 100% clean energy by 2045, accompanied by a 120-megawatt solar power purchase agreement that rivals some of the lowest prices seen in the U.S. market to date.

Idaho sets record low solar price as it starts on shift to 100pct renewables

Idaho sets record low solar price as it starts on shift to 100pct renewables

The announcement came at the same time that Idaho Power announced it had set a goal to provide 100 per cent clean energy by 2045.Idaho Power signed a 20-year Power Purchase Agreement (PPA) with Idaho-based Jackpot Holdings for the power generated from a solar power project to be built south of Twin Falls and which will help the company replace power produced from the North Valmy coal-fired power plant in Nevada.

New record low solar power price? 2.175¢/kWh in Idaho

New record low solar power price? 2.175¢/kWh in Idaho

In a press release yesterday, Idaho Power announced that it has signed a 20-year power purchase agreement with Jackpot Holdings for a price of $21.75/MWh. The agreement allows for Idaho Power to purchase the solar plant at a later date, as well as to obtain electricity from a proposed expansion of the facility at a later date.

Corporates May Be Leaving Millions on the Table by Procuring Wind Over Solar in ERCOT

Corporates May Be Leaving Millions on the Table by Procuring Wind Over Solar in ERCOT

Corporates procuring Texas-based renewable energy to satisfy sustainability goals typically do so by signing long-term power purchase agreements (PPA), with either a wind or solar company that is developing new projects in the region.

Mt Gellibrand wind farm to help power Geelong refinery

Mt Gellibrand wind farm to help power Geelong refinery

One Step Off The Grid Geelong fuel refiner and retailer Viva Energy will source around one-third of its annual energy needs from locally generated renewables, through a power purchase agreement with one of Victoria’s largest wind farms, the 132MW Mt Gellibrand.

First turbine installed at 530MW Stockyard Hill wind farm

First turbine installed at 530MW Stockyard Hill wind farm

The milestone is the latest for a project that in 2017 stunned the clean energy industry by setting what was a new benchmark for renewables off-take deals in Australia, after Origin Energy siged a long-term power purchase agreement of below $55/MWh. Goldwind project director for Stockyard Hill, Andrew Monahan, said the latest milestone was a team effort.

Serbia to launch wind, solar auctions in 2020 – state secretary at energy ministry

Serbia to launch wind, solar auctions in 2020 – state secretary at energy ministry

Companies are particularly interested in the ministry’s plans for the development of the market for renewable energy sources, as well as in the improvement of energy efficiency, the adoption of new models of power purchase agreements, and the creation of preconditions for wider use of electric vehicles in Serbia, he said.

Corporate Renewables Procurement Accounted for Nearly a Quarter of Deals in 2018

Corporate Renewables Procurement Accounted for Nearly a Quarter of Deals in 2018

According to research firm Wood Mackenzie Power & Renewables, corporate contracts accounted for 22 percent of 2018 power purchase agreements of renewables in the U.S. WoodMac’s conclusions affirm a handful of findings that credit large corporations with pushing the solar and wind industries forward in 2018.

3 Ways New York Is Advancing the Green New Deal

3 Ways New York Is Advancing the Green New Deal

New York Power Authority gets into renewables NYPA, the largest state public power organization in the U.S., responded to Cuomo’s announcement by signing its first large-scale clean energy deal: a 20-year power-purchase agreement for 290 megawatts of wind.

2018 Was a Record Year for Corporate Clean Energy Contracts

2018 Was a Record Year for Corporate Clean Energy Contracts

The American Wind Energy Association's (AWEA) report (which only covers the U.S.) noted a 66 percent increase in wind-specific power-purchase agreements, with companies signing PPAs for 4,203 megawatts of wind energy last year.

The Looming Bankruptcy Battle Over PG&E’s Renewable Energy Contracts

The Looming Bankruptcy Battle Over PG&E’s Renewable Energy Contracts

Last week, PG&E solar provider NextEra asked the Federal Energy Regulatory Commission (FERC) to use its authority under the Federal Power Act (FPA) to order the utility not to “abrogate, amend or reject in bankruptcy any of the rates, terms and conditions of its wholesale power purchase agreements,” including hundreds of megawatts of decade-old solar farms that are selling power at far above today’s market rates.

Google announces its first Asia PPA in Taiwan

Google announces its first Asia PPA in Taiwan

(An aerial view of our Tennessee data center under construction (photo credit: Aerial Innovations).) Digital behemoth Google announced this week that it has expanded its portfolio of renewable energy projects to a fourth continent as it signed a long-term Power Purchase Agreement (PPA) for the output of a 10MW solar array in Tainan City, Taiwan.

How Cheap is 100% Renewable Electricity? Really Really.

How Cheap is 100% Renewable Electricity? Really Really.

This map shows the cost of reaching a 100% renewable electricity supply in each state, based on the wind and solar resource, publicly available power purchase agreement data, and ILSR’s calculation of the lowest cost choice between wind and solar.

Florida Lawmaker Again Files Bill That Would Help Break Monopoly-Solar Stranglehold

Florida Lawmaker Again Files Bill That Would Help Break Monopoly-Solar Stranglehold

Continue Reading State Rep. Jose Javier Rodriguez on Thursday filed a bill that would, if enacted, finally legalize power-purchase agreements across Florida — it would exempt "a property owner who owns and operates a renewable energy source device...

Texas Municipal Utility Signs New Super-Low Solar PPA

Texas Municipal Utility Signs New Super-Low Solar PPA

In addition to Texas, utilities in states such as New Mexico, Colorado, Arizona and Nevada have seen power-purchase agreement prices below $30 per megawatt-hour. “Despite tariffs, we have seen solar become even more competitive with natural gas and other electric generating resources.” New Braunfels is investing in the project to keep prices low for customers.

Shell increases solar portfolio with second major investment

Shell increases solar portfolio with second major investment

Marc van Gerven, Shell vice president of solar and storage, said: “We are very impressed by Cleantech Solar’s record of developing lasting relationships with multinational and regional corporations who are eager to implement subsidy-free renewable energy into their corporate strategies. Last week, Shell Energy Europe announced it has agreed a power purchase agreement (PPA) with UK solar firm Octopus.

Texas Municipal Utility Signs New Super-Low Solar PPA

Texas Municipal Utility Signs New Super-Low Solar PPA

In addition to Texas, utilities in states such as New Mexico, Colorado, Arizona and Nevada have seen power-purchase agreement prices below $30 per megawatt-hour.

Analysts Confirm New Record Low Solar PPA in Texas

Analysts Confirm New Record Low Solar PPA in Texas

New Braunfels Utilities, a municipally-owned utility in Texas, signed a new record low Power Purchase Agreement (PPA) in Q4 of this year at under $25 per megawatt-hour. In addition to Texas, utilities in states such as New Mexico, Colorado, Arizona and Nevada have seen power purchase agreement prices below $30 per megawatt-hour.

Corporate renewable energy contracts are a new force for Australia wind and solar

Corporate renewable energy contracts are a new force for Australia wind and solar

WWF-Australia, Climate-KIC Australia and the UTS Institute of Sustainable Futures have just launched the Business Renewables Centre-Australia– a local version of the US Rocky Mountain Institute initiative which has been very successful in supporting the growth of corporate renewable energy power purchase agreements (RE PPAs) signed with solar and wind farms.

Tidal 'kite' technology to be installed in Faroe Islands

Tidal 'kite' technology to be installed in Faroe Islands

The agreement, between Swedish marine energy business Minesto and Faroese power firm SEV, encompasses the installation, commissioning and operation of two of Minesto's DG100 models. SEV has also committed to buy the electricity produced by the technology through a power purchase agreement, Minesto said in a statement Monday.

From Google to Facebook, big data is driving green energy shift

From Google to Facebook, big data is driving green energy shift

By signing a long-term power purchase agreement, known as a PPA, Google and companies like it are able to lock in a predictable price for their electricity and guarantee to investors and environmental groups that they’re not increasing coal use.