Badeel, ACWA Power To Invest Over $3 billion For 4.5 GW Solar Projects In Saudi Arabia Updated On Mon, May 22nd, 2023 by Saurenergy Providing thrust to the new wave of solar power development in Saudi Arabia, the Water and Electricity Holding Company (Badeel) and ACWA Power have signed Power Purchase Agreements (PPAs) with the Saudi Power Procurement Company (SPPC) for the development and operation of three major new solar IPP projects. Badeel is fully owned by the Public […] Read more
Corporate PPA Contracts Added 148 GW of RE From 2015 to 2022: WBSCD Updated On Thu, May 11th, 2023 by Saurenergy As per a recent report shared by World Business Council for Sustainable Development (WBSCD), 23% of the firms that aimed for 100% renewable energy have achieved their goal of 100% renewable energy. Furthermore, by 2021, companies committing to procure 100% renewable power through RE100 were procuring 49% from renewable sources, equating to 184 TWh of […] Read more
ReNew Q3 FY23 Results- Net Loss Shrinks 36%, Revenues Up 19% Updated On Mon, Feb 20th, 2023 by Saurenergy ReNew Energy Global Plc , which now terms itself a global decarbonisation solutions company, announced its consolidated results for Q3 FY23 and nine months ended December 31, 2022 last week. Operating Highlights: As of December 31, 2022, the Company’s portfolio consisted of 13.4 GWs, a 30.2% increase year on year, of which 7.8 GWs are […] Read more
Chemical Czar LyondellBasell Signs PPAs for 560 MW Renewable Energy Updated On Thu, Feb 9th, 2023 by Saurenergy Global chemical conglomerate LyondellBasell has announced that it has signed the first two European renewable electricity power purchase agreements (PPAs) and two additional PPAs in the United States to help decarbonize its operations. The combined additional contracts represent a total of approximately 560 MW of renewable energy capacity. As per the official statement, LyondellBasell has […] Read more
KPI Green Energy to Sell 6.3 MW Solar Power To Three Clients Updated On Tue, Jan 17th, 2023 by Saurenergy Gujarat based KPI Green Energy Ltd. has announced that it has inked a set of new Power Purchase Agreements (PPAs) under which the company will sell 6.3 MW of solar power. KPI Green Energy will make this sale in the interdependent power producer (IPP) segment. KPI Green Energy said in a disclosure before stock exchanges […] Read more
Spain’s Enfinity Global to Acquire 400 MW Solar Projects in USA Updated On Tue, Sep 27th, 2022 by Saurenergy Leading renewable energy player in Spain, Enfinity Global has announced that it has entered into a definitive agreement with Switzerland’s independent global asset management firm Capital Dynamics (advised by Barclays) to acquire a 400 MW utility-scale solar power portfolio in the United States. Enfinity Global said that the solar power portfolio consists of 28 operational […] Read more
McDonald’s Secures two Wind PPAs Worth 326 MW With Apex Clean Energy Updated On Wed, Dec 9th, 2020 by Saurenergy Apex Clean Energy has announced two power purchase agreements (PPAs) executed with McDonald’s totaling 326 MW of wind energy. Apex Clean Energy has announced two power purchase agreements (PPAs) executed with McDonald’s totaling 326 MW of wind energy. McDonald’s will purchase 200 MW from Caddo Wind, located in Caddo County, Oklahoma, and 126 MW from […] Read more
Setting up of Renewable Projects Without PPAs: NTPC Chairman Updated On Mon, Aug 5th, 2019 by Saurenergy NTPC Chairman Gurdeep Singh has suggested setting up of renewable projects without PPAs, amid the recent rows between discoms and developers for renegotiating tariffs. Amid a row between discoms and clean energy developers over the renegotiation of the tariff, NTPC Chairman and Managing Director Gurdeep Singh on Friday suggested setting up of renewable projects without power purchase […] Read more
Reviewing PPAs Only to Ensure Competitive Prices: Reddy Updated On Fri, Jul 26th, 2019 by Saurenergy The decision to renegotiate PPAs was only aimed at ensuring competitive prices and pass on the accruing benefit to the people, YS Jagan Mohan Reddy has said. The new Andhra Pradesh government’s move to renegotiate power purchase agreements (PPAs) signed with renewable energy producers in the last five years under the TDP government was only […] Read more
