Round-up of renewable energy PPA news (July 1-15)

Power purchase agreement (PPA) news in the last two weeks came from Europe, Brazil and India, and this overview also contains parts of an interview with Peter Gish, in which he discusses what needs to be done to bring the PPA in Ukraine in-line with the common international standards. At the end you will find updates on several large and important tenders, most of which in the MENA region, which will award significant capacities.

-- Danske Commodities signs PPA for 40% of Sheringham Shoal offshore wind park

Danish energy trader Danske Commodities signed a PPA for the output of a 126-MW portion of the Sheringham Shoal offshore wind farm in UK waters. The 15-year deal is effective as of Friday, July 12. Read more..

-- Constellation to buy power from 130-MW wind farm in Indiana

Baltimore-based energy supplier Constellation, part of Exelon Corporation (NYSE:EXC), has agreed to buy about 80% of the renewable energy and capacity from the 130-MW Bitter Ridge wind farm in Indiana over a 15-year period. The company has entered into a PPA with Scout Clean Energy, which is developing the 52-turbine project. Read more..

-- SIMEC Atlantis registers MeyGen for CfDs, mulls private wire PPAs

SIMEC Atlantis Energy Ltd (LON:SAE) reported a few milestones passed by its flagship 398-MW MeyGen tidal power project and noted that the scheme has been successfully registered for this year’s contract for difference (CfD) programme. The company also said it is considering private wire PPAs with local industrial loads to facilitate the build-out of the tidal stream array. Read more..

-- EDF Renewables, Total Eren report four solar PPAs in India

Paris-based independent power producer Total Eren SA and EDF Renewables, of the Electricite de France SA group (EPA:EDF), have found off-takers for four solar photovoltaic (PV) farms totalling 716 MWp that they plan to build in India. The joint venture (JV) Eden Renewables India recently signed 25-year PPAs for each of the four farms. Read more..

-- EDPR secures PPA for 126 MW of new wind in Brazil

EDP Renovaveis SA (ELI:EDPR), through a local unit, has signed a private PPA for 126 MW of new wind power generation in Brazil from the Monte Verde VI and the Boqueirao I-II onshore wind farms. The term is 20 years. Read more..

-- Statkraft inks long-term PPA with Audax Renovables in Spain

Norwegian state-owned utility Statkraft AS has signed a contract to supply 525 GWh of solar power annually to Spanish renewable energy company Audax Renovables SA (BME:ADX). The electricity supplied each year under the 10.5-year year PPA is enough to cover the consumption of 130,000 Spanish households. Read more..

-- Voltalia secures PPAs for 70 MW of wind in Brazil

French renewable power producer Voltalia SA (EPA:VLTSA) has secured two long-term off-take contracts for the 70-MW Vila Alagoas wind farm it plans to build in the Brazilian state of Rio Grande do Norte. Read more..

INTERVIEW

-- Ukraine needs to refine PPA, expert says

The government of Ukraine needs to make improvements to the model PPA that was adopted in April 2019, in order to reassure international investors, an industry expert tells Renewables Now.

Peter Gish, founder and CEO of wind projects developer Ukraine Power Resources, believes that the recently-introduced auction model is not satisfactory for many international investors, who, nevertheless, remain highly interested in the market. Gish is urging Ukraine’s National Energy and Utilities Regulation Commission (NEURC) to bring the PPA “in-line with the common international standards that these investors apply in emerging markets across the globe.” Gish would like to see improvements to the assignment clause, dispute resolution and the change-in-law clauses.

“The market is already highly competitive and we have seen a lot of interest from investors. The auction process, together with private PPAs, will have tremendous potential to drive down electricity prices. If executed successfully, the auction process could drive the price of renewables down on par with conventional sources of electricity,” Gish added. Read more..

TENDERS

-- Morocco starts RfQ stage of 230-MW solar tender in Morocco

Masen, the Moroccan Agency for Sustainable Energy, has launched the call for pre-qualification (RfQ) relating to the 230-MW Noor Midelt II solar power plant project. Read more..

-- Colombia sets new rules for 2nd renewables auction

The Colombian energy ministry established new rules for the country’s second long-term renewables auction which will take place before the end of October. After the first round failed in February this year, the ministry invited stakeholder feedback seeking to change the auction formula to one that will promote competitiveness in the power sector. Read more..

-- EWEC launches tender for 2-GW solar park in Abu Dhabi

Emirates Water and Electricity Company PJSC (EWEC) said Wednesday it has issued a tender for the 2-GW solar project in Al Dhafra that attracted 48 expressions of interest (EoIs) earlier this year. The successful bidders will be in charge of financing, building, operating and maintaining the solar power plant under a long-term PPA. Read more..

-- Kuwait plans 2-GW Shagaya tender in current fiscal year

Kuwait is preparing to launch a tender for the next 2-GW phase of the Shagaya wind-and-solar complex in the current fiscal year, which ends in March 2020. Read more..

Choose your newsletter by Renewables Now. Join for free!