power purchase agreement News
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First Solar Completes Acquisition of NextLight Renewable Power
TEMPE, Ariz. - First Solar, Inc. (Nasdaq: FSLR) today announced it has completed the acquisition of NextLight Renewable Power, LLC, a solar development firm formed by the inaugural fund of Energy Capital Partners, a private equity firm focused on investing in North America’s energy infrastructure. With the NextLight acquisition, First Solar now has power purchase agreements for 2.2 ...
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Windlab signs PPA termsheet for Lakeland Wind Farm
Windlab Limited (ASX: WND) today announced that it has executed a binding term sheet with Flow Power for the sale of 50MWs of electricity output and associated Large Scale Generation Certificates from its proposed 104MW Lakeland Wind Farm project, for a period of up to 10 years. Lakeland Wind Farm is a fully approved wind farm located 60 km South-west of Cooktown on the Cape York Peninsula, ...
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University of California Signs Major Solar Deal with Frontier Renewables
The University of California announced yesterday that it will make the largest solar energy purchase by any U.S. higher education institution to fulfill 60% of the energy needs on five campuses and three medical centers. UC signed two Power Purchase Agreements with Frontier Renewables to secure the renewables energy for a 25 year period. The agreements will help the University meet its goal to ...
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Siemens to deliver turbines to Morocco`s Noor projects
Siemens is to provide three steam turbines for Morocco's Noor II and III solar power plants by the end of 2016, local media reported June 15. The projects are being developed by ACWA Power. The 200 MW Noor II plant will use parabolic trough technology and is scheduled to start up in 2017. The 150 MW Noor III plant will use a central tower system and is set to come online in 2018. Recent ...
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reNEWS - Cero picks partners to deliver 100MW Greek PV project
Solar developer Cero Generation has selected Ameresco and Sunel Group as partners to deliver a 100MW solar photovoltaic (PV) project in Greece. The Delfini solar plant is expected to reach completion by the third quarter of 2023. As part of the project, Ameresco Sunel Energy, a joint company already established in Greece, will provide engineering, procurement and construction (EPC) services the ...
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University of California System Makes Largest Solar Energy Purchase in US – signs PPA with Frontier Renewables
University of California System Makes Largest Solar Energy Purchase in US The University of California system, to help power its campuses, has made one of the largest solar energy acquisitions in the country by any higher education institution. The two Power Purchase Agreements (PPAs) signed with Frontier Renewables will provide solar energy to UC for 25 years. At the same time, the University ...
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NTPC’s Tender for 600 MW of ISTS-Connected Wind Projects
The National Thermal Power Corporation (NTPC) has floated a tender for 600 MW of interstate transmission system (ISTS) connected wind energy projects in the country. The last date for the submission of bids is March 30, 2020. Interested bidders are required to make an earnest money deposit (EMD) of 600,000 (~$8,367)/MW. A pre-bid meeting will be held on March 16, 2020, according to the notice ...
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AEP SWEPCO Signs Wind Power Purchase Agreements for 359 Megawatts
American Electric Power (NYSE: AEP) subsidiary Southwestern Electric Power Co. (SWEPCO) has signed long-term power purchase agreements for a total of 358.65 megawatts (MW) of renewable energy from wind projects in Texas, Oklahoma and Kansas. Together with a 49.2-MW agreement signed by the Oklahoma Municipal Power Authority, SWEPCO and its affiliates have exceeded the 400-MW renewable energy ...
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First Solar Creates Utility Systems Business
Jens Meyerhoff Named Business Leader TEMPE, Ariz. - First Solar, Inc. (Nasdaq: FSLR) today announced it has formed a utility systems business group to address the large-scale photovoltaic (PV) system solutions market. Jens Meyerhoff, 45, has been named president of the group. Mr. Meyerhoff has served as First Solar’s chief financial officer since 2006. “With the pending completion ...
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Etrion Announces an Update on Development Activities in Chile
Etrion Corporation ("Etrion" or the "Company") (TSX: ETX)(OMX: ETX), an independent power producer, is pleased to announce an update on its development activities in Chile, as part of its strategy to expand its operations into the Americas. Development Activities in Chile With an office now in Santiago, Chile, Etrion is in a strong position to develop a sustainable platform for future growth in ...
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Abengoa Yield’s Mojave 280 MW gross solar plant declares commercial operation
Abengoa Yield (NASDAQ: ABY), the sustainable total return company that owns a diversified portfolio of contracted assets in the energy and environment sectors, today announced that Mojave, the 280 MW gross solar plant located in California, has declared commercial operation on December 1. Located 100 miles northeast of Los Angeles, Mojave generates clean electricity to power approximately 90,000 ...
By Abengoa
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Ormat Technologies, Inc. to develop a geothermal project in Honduras
Ormat Technologies, Inc. (NYSE: ORA) announced today that an Ormat subsidiary entered into an agreement with Geotérmica Platanares to acquire a late stage development geothermal project in Honduras. The project comprises of the rights to a field where exploration work has been conducted in the past and a Power Purchase Agreement for up to 35MW with the national utility of Honduras, ENEE. ...
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New record low solar power price? 2.175¢/kWh in Idaho
Idaho Power has agreed to pay $21.75/MWh for 120 MW of solar power in a 20-year power purchase agreement with Jackpot Holdings. The solar facility will offset a soon-to-close coal plant in Nevada starting in 2022. 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 ...
By pv magazine
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1,600 MWh Project is One of the Largest Solar + Storage Systems Under Development in the US
rPlus Energies, a leading privately held renewable energy developer, announced that its Green River Energy Center project recently amended its power purchase agreement with PacifiCorp to quadruple the battery storage capacity from 400-megawatt-hours to 1,600 MWh, securing its position as one of the largest solar-plus-storage projects under development in the United States.The project involves ...
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Power purchase agreement announced with Ernst & Young for Norfolk solar farm
Lightsource bp, a global leader in the development and management of solar energy projects, has been selected to provide Ernst & Young LLP (‘EY’) with its first zero-carbon Power Purchase Agreement. Lightsource bp’s solar plant will generate enough electricity to supply 100% of EY’s electricity needs in the UK. Lightsource bp has financed and developed the solar plant ...
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Dominion Energy Adds 81 Megawatts of Clean Energy to South Carolina`s Electric Grid
Dominion Energy recently (12/29) announced that two South Carolina solar energy projects – including the largest such project in the Palmetto State – have entered service. The company's 71.4-megawatt Solvay Solar Energy-Jasper County, S.C., facility, located near Ridgeland, S.C., came online on Dec. 21, 2017. It has a long-term power purchase agreement with SCE&G. Solvay – ...
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Vattenfall and Wieland have reached an agreement for a 46-MW solar power purchase agreement in Germany.
Swedish state-owned utility Vattenfall AB and the German copper products manufacturer Wieland Group announced the signing of a power purchase agreement (PPA) that will be in effect for a period of ten years and will help to eliminate carbon emissions from industrial production. This contract is connected to Vattenfall's 46-megawatt solar park in Nauen, Brandenburg, Germany, which is now in the ...
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Ormat Technologies, Inc. Announces a Non-Cash Pre-Tax Charge for Impairment to its North Brawley Geothermal Power Plant
Ormat Technologies, Inc. (NYSE: ORA) announced today that it will record a non-cash pre-tax charge of up to $230 million during the fourth quarter of 2012 for impairment to the company's North Brawley power plant located in Imperial County, California. The North Brawley power plant was placed in service under its power purchase agreement with Southern California Edison (SCE) in 2010. However, ...
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Department of Energy Certifies Borrego Solar as a Pre-Qualified Energy Service Company
Borrego Solar Systems, Inc., a leading designer, installer and financier of grid-tied solar photovoltaic (PV) systems, today announced that it has been certified by the Department of Energy's (DOE) Federal Energy Management Program as a pre-qualified Energy Service Company (ESCO), allowing the company to perform energy savings performance contracting (ESPC) directly with all federal agencies. ...
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Oil major Exxon Mobil invites bids for clean energy expansion in Texas
America’s largest oil company, Exxon Mobil has recently announced that it is actively seeking proposals to buy and expand its renewable energy operations in Texas. The company has sent out a request for proposals with a deadline of June 8, 2019, asking the Lone Star State wind and solar companies to pitch contracts. A report by Bloomberg claims that the oil giant will be seeking the ...
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