Search results for: PPA

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  • 19 June 2019
    Contracts & Tenders

    Danish energy trading company Danske Commodities has signed a 20-year Power Purchase Agreement (PPA) with the world’s first floating wind farm, Hywind Scotland. As the sole offtaker, Danske Commodities will take over balancing and trading of Hywind Scotland’s total volume of 30MW. Hywind Scotland is owned by Equinor (75%) and Masdar (25%). The wind farm, […]

  • 29 December 2011

    In a major legal victory for Cape Wind, the Massachusetts Supreme Judicial Court in two decisions unanimously upheld the long term Power Purchase Agreement (PPA) between Cape Wind and National Grid.  “This decision provides a big boost for creating up to 1,000 jobs and providing Massachusetts with cleaner air, greater energy independence and a leadership […]

  • 4 December 2019
    Wind Farm Update

    Covestro has signed a ten-year corporate power purchase agreement (PPA) with Ørsted to buy the output of 100MW from the Borkum Riffgrund 3 offshore wind project in Germany. With the ten-year indexed fixed-price agreement, Germany-based Covestro will offtake 100MW of the project’s 900MW total capacity, which makes it the world’s largest corporate PPA for offshore […]

  • 16 July 2019
    Contracts & Tenders

    Danish energy trading company Danske Commodities has signed a 15-year Power Purchase Agreement (PPA) with the Dudgeon offshore wind farm in the UK. Effective 16 July, Danske Commodities will take over balancing and trading of 281MW, equivalent to 70% of the wind farm’s production. The 402MW Dudgeon is owned by Equinor (35%), Masdar (35%) and […]

  • 27 April 2020
    Contracts & Tenders, Wind Farm Update

    Nestlé UK has signed a long-term corporate power purchase agreement to buy the output of 31 MW from Ørsted’s Race Bank offshore wind farm. The UK subsidiary of the world’s largest food and beverage company, Nestlé, signed a 15-year indexed fixed price agreement with Ørsted. This is Ørsted’s largest fixed-price corporate power purchase agreement (PPA) […]

  • 26 February 2019
    Contracts & Tenders, Wind Farm Update

    Canada’s Northland Power has, through its subsidiary, executed a power purchase agreement (PPA) with Taipower for the 300MW Hai Long 2A offshore wind project in Taiwan. Northland and its partner Yushan Energy own 60% and 40% of Hai Long 2A, respectively. Hai Long 2A is the first of the three Hai Long projects with a […]

  • 9 November 2010

    Statkraft has entered into long-term Power Purchase Agreements (PPAs) with two independently owned wind farms in Scotland and Wales. The agreements mark the launch of Statkraft’s Renewable Power Purchase business in the United Kingdom and was announced at the RenewableUK 2010 Conference in Glasgow. Both wind farm projects secured bank debt finance and the agreements […]

  • 30 July 2019
    Business & Finance

    Siemens Gamesa reported a 12% year-on-year increase in revenue in the first nine months of the 2019 fiscal year, to EUR 7,283 million, driven by record activity in offshore wind. Siemens Gamesa also saw a 23% rise in revenue year-on-year in the third quarter, amounting to EUR 2,632 million, said to be driven by strong performance in all […]

  • 27 November 2012

    Cape Wind secured another major milestone with the approval by the Massachusetts Department of Public Utilities (DPU) of the 15-year Power Purchase Agreement (PPA) with NSTAR to buy Cape Wind’s energy, capacity and renewable energy credits.  Cape Wind President Jim Gordon said, “This decision helps secure the position of Massachusetts as the U.S. leader in […]

  • 28 February 2019
    Business & Finance, Wind Farm Update

    Ørsted has signed a long-term agreement with Northumbrian Water that will see the water company take almost a third of its renewable energy demand from Race Bank offshore wind farm. The 10-year deal is the first Power Purchase Agreement (PPA) of its kind in the UK and is an expansion of a renewable electricity supply […]

  • 12 January 2016
    Business & Finance, Operations & Maintenance, Wind Farm Update

    Danish independent energy service company Danske Commodities has signed a 15-year Power Purchase Agreement (PPA) with Beatrice Offshore Windfarm Limited (BOWL). Under the agreement, Danske Commodities will handle all forecasting and trading for 294 MW, equivalent to 50% of the farm’s production. The PPA is Danske Commodities’ first long-term balancing contract in the UK market, where it […]

  • 7 February 2019
    Contracts & Tenders, Wind Farm Update

    Engie has signed a Power Purchase Agreement (PPA) with Moray Offshore Windfarm (East) Ltd to purchase 23.3% of the electricity generated from the 950MW Moray East wind farm. The PPA is for a 15-year period, starting from commercial operation of the wind farm which is scheduled to commence in 2022. Engie currently holds a 23.3% […]

  • 3 January 2019
    Authorities, Business & Finance, Contracts & Tenders, Wind Farm Update

    Ørsted will pause and revisit its project activities, the project timelines, and local commitments in Taiwan after not receiving an establishment permit in time to sign a 2018 power purchase agreement (PPA) with Taipower for the Changhua 1 and 2a projects.

  • 7 May 2019
    Business & Finance

    Siemens Gamesa has reported a 6% year-on-year increase in revenue to EUR 4,651 million in the first half of the 2019 fiscal year, said to be supported by strong performance in the Offshore and Service segments. The company saw a 7% increase in revenue in the second quarter of FY 2019, to EUR 2,389 million, also […]

  • 12 April 2011
    Business & Finance

    Statkraft has signed a new Power Purchase Agreement (PPA) with DONG Naturgas A/S worth around £160m. (ecofriendnews) [mappress] Source: ecofriendnews, April 12, 2011

  • 12 July 2019
    Contracts & Tenders

    Danske Commodities has signed a 15-year Power Purchase Agreement (PPA) for the Sheringham Shoal offshore wind farm in the UK. Danske Commodities will take over the balancing and trading of 126MW out of the project’s total 316.8MW capacity, which is equivalent to 40% of the wind farm’s production. “The Sheringham Shoal PPA is a great addition […]

  • 6 February 2019
    Contracts & Tenders, Wind Farm Update

    UK utility Centrica plc has entered into a long-term contract with Moray Offshore Windfarm (East) Ltd to trade and balance 76.7 percent of the electricity generated from the 950MW Moray East offshore wind farm. Centrica’s Energy Marketing and Trading division has signed a Power Purchase Agreement (PPA) that covers all Balance Responsible Party (BRP) services […]

  • 12 December 2018
    Authorities, Business & Finance, Wind Farm Update

    Swancor has signed a power purchase agreement (PPA) with Taipower for the Formosa 2 offshore wind farm.

  • 9 November 2010
    Authorities

    Rhode Island’s attorney general-elect plans to halt the state’s appeal of a power purchase agreement (PPA) for the Block Island offshore… By Tamar Wilner (windpowermonthly) [mappress] Source: windpowermonthly, November 09, 2010;

  • 13 June 2018
    Authorities, Contracts & Tenders, Grid Connection, Wind Farm Update

    The Maine Public Utilities Commission (PUC) has voted to review Maine Aqua Ventus GP LLC’s terms for the two-turbine research and development floating wind project off of Monhegan Island, Maine.

  • 7 February 2020
    Contracts & Tenders, Wind Farm Update

    The duration of the PPA will be from 1 October 2020 to 30 June 2036.

  • 9 July 2015

      Eco Wave Power (EWP) installed its improved wave energy power plant in Jaffa Port, Israel, earlier this month. The upgraded power plant will be working with two floaters. One is “the 1st Generation Floater” and the other is the new and improved “2nd Generation Floater” , which will be tested by EWP, towards its deployment in […]

  • 22 February 2019
    Wind Farm Update

    The 300MW Hai Long offshore wind farm has secured all approvals and permits and the next step will be executing the power purchase agreement with Taipower, Mike Crawley, President and Chief Executive Officer of Northland Power, said. The wind farm is one of three Hai Long projects with a combined capacity of 1,044MW that Northland Power […]

  • 31 December 2018
    Authorities, Contracts & Tenders, Wind Farm Update

    Connecticut’s Department of Energy and Environmental Protection has selected Ørsted’s Revolution Wind project to move forward to negotiate a fixed-price power purchase agreement (PPA) with the state’s power distribution companies for 0.42TWh per year equivalent to 100MW offshore wind capacity.

  • 6 May 2020
    Business & Finance

    The ongoing COVID-19 pandemic affected Siemens Gamesa’s operations and commercial activity, leaving a EUR 56 million mark on the company’s profitability in its second quarter of the fiscal year 2020 (January–March). Siemens Gamesa adjusted its operations to employ COVID-19 health and safety measures, and applied new solutions to ensure operations continue. The latter included re-routing […]

  • 21 December 2018
    Authorities, Business & Finance, Wind Farm Update

    Ørsted US Offshore Wind has received approval from Connecticut’s Public Utilities Regulatory Authority for a 20-year power purchase agreement (PPA) for its Revolution Wind offshore wind farm.