PPA

Equinix and Sembcorp Power have signed two long-term power purchase agreements (PPAs) in Singapore. Sembcorp will supply 105 MW to Equinix’s data centers in Singapore, including 75 MW of solar, for up to 18 years.

France’s EDF Renewables, South Korea’s Korea Western Power Co. (KOWEPO), and Abu Dhabi Future Energy Co. (Masdar) have agreed to jointly design, finance, build and operate a 1.5 GW solar project in the United Arab Emirates, under a power purchase agreement (PPA) with Emirates Water and Electricity Co. (EWEC).

SkyPower Global has signed a 1 GW solar power purchase agreement (PPA) with a Zambian utility to supply electricity to approximately 4 million homes. Zambian President Hakainde Hichilema hailed the significance of the deal amid ongoing droughts.

Swiss consulting firm Pexapark noted a rise in European power purchase agreement (PPA) prices in March, for the first monthly increase since August 2023. It recorded 18 PPAs in March, totaling 718 MW, with solar accounting for 398 MW across nine deals.

Energy consultancy LevelTen says that solar power purchase agreement (PPA) prices fell 5.9% in the first quarter of 2024, with decreases recorded in all analyzed countries except for Romania. It attributes the decline to lower wholesale electricity prices and a fall in solar module prices.

LevelTen Energy says in a new report that solar power purchase agreement (PPA) prices have remained stable in the United States, indicating greater stability after a period of market volatility.

In this edition of the Weekend Read, we turn to Egypt. The gigawatt-scale Benban project showcases the North African country’s solar potential, and premium prices for gas exports make the case for a more diverse energy mix. A nation with grand renewables targets – but slow installation rates – may finally be weaning itself off fossil fuel resources.

Investors and developers in Europe signed 24 power purchase agreements (PPAs) for 1.1 GW of solar in February, making it a “month to remember,” according to Swiss consultancy Pexapark.

High interest rates, inflation, and customer uncertainty could slow down residential PV growth in Sweden this year, despite record solar installations in 2023, but interest in utility-scale PV remains strong.

France’s TotalEnergies says it has signed 1.5 GW of on-site solar power purchase agreements (PPAs) with more than 600 industrial and commercial customers in more than 30 countries.