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Power Purchase Agreement

Amp Energy India & RUMSL To Develop India’s Largest Floating Solar Project

Amp Energy India, one of India’s leading renewable energy companies, has announced today that it has signed a Power Purchase Agreement (PPA) with Rewa Ultra Mega Solar Ltd (RUMSL) in Madhya Pradesh for 100MW/140MWp capacity. RUMSL is a joint venture of Solar Energy Corporation of India and Madhya Pradesh Urja Vikas Nigam Ltd. It has […]

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BASF To Supply Clean Energy To Over 20 Sites Across USA

Leading US chemical player BASF has revealed that it has entered into a virtual power purchase agreements (VPPAs) for wind and solar power totaling 250 megawatts (MW) for the supply of clean energy to its sits in USA. They are designed to offset the carbon-intensive grid-supplied electricity being used at more than 20 of BASF’s […]

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Policy Muddle, Economy Trip Up US Clean Energy Growth In Q2, Says Industry Association

According to a report from the American Clean Power Association (ACPA),  a US body of mostly energy developers, the rate of clean energy deployment slowed substantially in the second quarter. The association’s report blames policy headwinds, economic factors and trade issues for impacting project development and increasing the backlog of new project delays. The report […]

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APTEL Provides Relief To CSP Developers On Force Majeure Grounds

In an important judgement that will hopefully close the chapter on a festering dispute, the Appellate Tribunal for Electricity (APTEL) has allowed multiple developers stuck with Concentrated Solar Thermal (CSP) projects to get relief from liabilities, caused due to lower DNI (Direct Natural Irradiance) than they had assumed when bidding. The developers impacted include Godavari […]

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Omkareshwar Floating Solar: RUMSL Invites Bids for Phase 2 of 300 MW

Following the successful conclusion of it’s phase I tender for 300 MW, Rewa Ultra Mega Solar (RUMSL) has initiated proceedings for phase 2. The plans for 600 MW  floating solar power project in Madhya Pradesh’s Omkareshwar Reservoir seem to be progressing well to make it among the largest floating solar projects worldwide in time. This […]

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Nel ASA Gets Its Largest Order Worth 200 MW Of Alkaline Electrolyser

Dedicated hydrogen energy global major Nel Hydrogen Electrolyser AS has revealed that receiving its largest-ever purchase order from a US customer. The order is worth 200 MW of alkaline electrolyser equipment for industrial application. Nel is a subsidiary of Nel ASA and has not disclosed the name of the customer. The official statement of Nel […]

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Lowest Tariff Of Rs. 2.84/kWh Discovered In GUVNL 500 MW Wind Auction

In Gujarat Urja Vikas Nigam’s (GUVNL) auction to buy power from 500 MW of grid-connected wind power projects, Rajpur Renewables, Juniper Green Energy, Solarcraft Power India 3, O2 POwer, TEQ Green Power XII, ACME Pokhran Solar, and Project Twelve Renewable Power were proclaimed winners (Phase-III). The greenshoe option for the tender had an additional capacity […]

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Statkraft Backs Solar Park with 5- year PPA

Europe’s leading renewable energy player, Norwegian firm Statkraft, has signed a 5-year power purchase agreement (PPA) for the Strasen Solar Park. The Norwegian energy company is thus supporting the construction and operation of the 30 MW solar park. According to the official statement of Statkraft, the solar parkwill operate entirely without EEG subsidies and is […]

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Syngene Announces Acquisition of 26% Stake in Ampyr

The corporate sector is bullish about investments in the renewable sector reasoned by the availability of cheap power and compulsions under ESG ambitions. In a latest development, Syngene International has revealed that it is looking to acquire up to 26 per cent equity stake in Ampyr Renewable Energy Resources Eleven, which is a SPV formed […]

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