PPAs

Energy major Invenergy and telecom company Verizon are moving forward with power purchase agreements (PPAs) involving 640 MW of solar energy from projects across four states. The deals announced Feb. 19 mean that Verizon now has procured more than 1 GW of power from Invenergy, the Chicago, Illinois-based renewable energy group considered the largest privately […]

Advanced nuclear technology firm Oklo is partnering with Texas-based prime and backup solutions company RPower to roll out an innovative “phased energy model” that will combine natural gas and nuclear to offer a scalable and sustainable turnkey solution for data centers. The companies on Jan. 17 said they signed a memorandum of understanding (MOU) to […]

Advanced nuclear firm Oklo has partnered with Switch, a Las Vegas-based data center designer, builder, and operator, to deploy 12 GW of Aurora powerhouses through 2044 in a  historic deal hailed as “one of the largest corporate clean power agreements ever signed.” The two companies announced a groundbreaking Master Power Agreement on Dec. 18 to […]

San Francisco, January 31, 2023 — Renewable Properties, a developer and investor in small-scale utility and community solar projects based in San Francisco, has signed power purchase agreements (PPAs) for five projects with Pacific Gas and Electric Company (PG&E), California’s largest investor-owned utility. The projects will bring the benefits of clean solar energy to households that can’t […]

Many small- and medium-sized power projects are simply not large enough to gain the interest of highly sought-after institutional investors. The complexity and related costs of smaller projects means risks and

The coronavirus pandemic and resulting global economic slowdown curtailed some energy projects in 2020, but corporations worldwide still bought a record 23.7 GW of clean power through long-term purchase agreements. That’s according to research published Jan. 26 by BloombergNEF (BNEF). The group in its “1H 2021 Corporate Energy Market Outlook” said more than 130 companies, […]

COMMENTARY Are power purchase and similar agreements excluded from the automatic stay under the safe harbor for forward contracts? Both the FirstEnergy Solutions and Pacific Gas & Electric (PG&E) bankruptcies have seen proceedings regarding power purchase and similar agreements (PPAs) that raise this question. Contracts often contain provisions that enable a party to terminate or modify […]