With volatile prices in energy and natural gas, a large park district west of Chicago flipped the switch to solar for its financial advantages.
Power purchase agreements are customizable, flexible agreements that enable utility buyers to purchase clean energy, even if the business is not located near the solar generation facility. They can be structured in a myriad of ways, such as through busbar agreements or block delivery.
As fleets electrify, transit agencies are turning to solar and battery storage under long-term PPAs to control costs and future-proof infrastructure.
The troubled residential solar company entered into asset and power purchase agreements to support operations while it seeks a buyer.
Financing challenges, manufacturing uncertainty, and soaring data center demand dominated day one of the ACORE Finance Forum, but the biggest concern was political: proposed changes to the Inflation Reduction Act, described by one speaker as a potential “self-goal,” cast a shadow over an otherwise optimistic outlook for clean energy investment.
PECO announced a competitive request for proposals for energy, capacity and energy credits from solar installations of up to 25 MW.
Meta continues to be the country’s top corporate solar user and require additional energy as its data centers multiply across the country.
In a pilot project for solar on Connecticut state agencies, the seven systems will collectively deliver 8.3 MW of clean, renewable energy to the correctional facilities, saving the state more than $11 million in energy costs over the lifetime of the panels.
The electronics manufacturer reports that it will power all of its U.S. facilities with a PPA tied to the 270 MW Shakes Solar project in Texas, developed by Cypress Creek Renewables.
Solar power purchase agreements averaged $57.04 per MWh, increasing 1% quarter-over-quarter in North America.
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