Latest news with #powerpurchaseagreement
Zawya
02-07-2025
- Business
- Zawya
Saudi's SPPC signs PPA for 700MW Yanbu wind energy project
Saudi Power Procurement Company (SPPC), the principal buyer, has signed a power purchase agreement (PPA) for the 700-megawatt (MW) Yanbu wind Independent Power Plant (IPP) project, located in the region, The agreement was signed with a consortium led by Japan's Marubeni Corporation and Saudi Arabia's Ajlan & Bros Holding, the state-owned entity said in a post on X. The levelised cost of electricity (LCOE) is 6.4 halalas ($1.72) per kilowatt-hour (kWh). The project is being developed at a cost of more than 1.7 billion Saudi riyals ($458 million). The PPA duration wasn't disclosed but in May 2024, SPCC had signed two 25-year PPAs with a consortium led by Marubeni for the 600 MW AlGhat and 500 MW Wa'ad Alshamal wind IPP projects. (Editing by Anoop Menon) (
Argaam
02-07-2025
- Business
- Argaam
SPPC signs PPA for Yanbu wind power project
The Saudi Power Procurement Co. (SPPC) signed a power purchase agreement (PPA) for the Yanbu Wind Power Project, which has a total capacity of 700 megawatts and an investment value exceeding SAR 1.7 billion (approximately $ 458 million). The agreement was signed with a consortium led by Marubeni Corporation and Ajlan & Bros Holding Group.
Yahoo
26-06-2025
- Business
- Yahoo
HD Renewable Energy's Star Trade Signs PPA with Lightsource bp for 115MWp Fishery Solar Project in Taiwan
TAIPEI, June 26, 2025 /PRNewswire/ -- Star Trade, a subsidiary of HD Renewable Energy (HDRE, TWSE: 6873) and a leading provider of renewable energy retailing and storage integration services, today announced the signing of a power purchase agreement (PPA) with Lightsource bp, a leading developer and manager of global onshore renewable energy projects. The agreement secures 100% of the contracted output from Lightsource bp's 115MWp fishery solar project located in Chiayi, Taiwan. As the first major renewable transaction for Star Trade since its strategic merger with Star Energy Storage Solutions, the partnership reflects a shared commitment to providing value-added renewable energy solutions while advancing the energy transition in Taiwan. Bin Fu, Head of Taiwan at Lightsource bp, said, "Project Budai marks a significant milestone in our development in Taiwan and showcases Lightsource bp's expertise in aligning global strategy with local progress. We are pleased to sign this PPA with Star Trade to help Taiwan's businesses achieve their carbon reduction goals. Lightsource bp remains committed to cultivating long-term local partnerships and delivering sustainable energy solutions for Taiwan." The fishery solar farm officially broke ground in June 2025. Once operational, the project will generate up to 180,000 megawatt-hours of renewable energy a year. Under the PPA, Star Trade will manage the full offtake and sales of the solar project's energy output. As the third-largest electricity retailer in Taiwan, Star Trade supplies renewable energy to major industrial and commercial customers across the semiconductor, financial, and manufacturing sectors. By the end of 2025, the company expects its total externally procured green electricity to exceed 650MW. Jason Chou, Chairman of Star Trade and General Manager of HD Renewable Energy, said, "HDRE Group have long focused on advancing renewable energy solutions. We are excited to collaborate with Lightsource bp, a partner with strong global vision, and look forward to driving a greener, more globally connected future with Taiwan's industries. With Star Trade's recent transformation, we are bringing in top talents and new technologies to deliver more flexible and high-value solutions across power trading and energy aggregation." Star Trade is actively advancing a new business model centered around power trading and energy aggregation. This integrated approach, unprecedented in Taiwan's energy market, will support more dynamic and responsive energy solutions. The merger also advances HDRE Group's long-term strategy to deepen its presence in international renewable energy markets. View original content to download multimedia: SOURCE HD Renewable Energy
Yahoo
17-06-2025
- Business
- Yahoo
Talen Energy Secures Nuclear Energy Deal with Amazon
Talen Energy Corporation (NASDAQ:TLN) is included among the Best Nuclear Energy Stocks to Buy Right Now. The company made headlines recently when it was announced that Amazon had signed a deal with the utility to secure 1.92 GW of carbon-free electricity for AWS data centers. An aerial view of a nuclear plant, its domes casting a unique shadow. The electricity will be sourced from Talen's Susquehanna nuclear plant and delivered under a long-term power purchase agreement through 2042, with potential for extension. The two companies will also explore constructing new small modular reactors within Talen's Pennsylvania footprint, with the partnership also pursuing uprates to expand the nuclear plant's energy output. Mac McFarland, President and CEO at Talen Energy Corporation (NASDAQ:TLN), stated: 'Our agreement with Amazon is designed to provide us with a long-term, steady source of revenue and greater balance sheet flexibility through contracted revenues. We remain a first mover in this space and intend to continue to execute on our data centre strategy.' It needs mentioning that Talen Energy Corporation (NASDAQ:TLN) already signed a deal with AWS last year to power a 960 MW data center for the cloud service provider. The first phase for up to 300 MW of power is in place, but the additional phases are under review by the Federal Energy Regulatory Commission. Talen Energy Corporation (NASDAQ:TLN) has surged by more than 30% since the beginning of the year. Talen Energy Corporation (NASDAQ:TLN) is a leading independent power producer and energy infrastructure company with 10.7 GW of generation assets, including 2.2 GW of nuclear power. While we acknowledge the potential of TLN as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Cheap Energy Stocks to Buy Now and Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
17-06-2025
- Business
- Yahoo
Raymond James Initiates Coverage of Constellation Energy (CEG)
Constellation Energy Corporation (NASDAQ:CEG) is counted among the Best Nuclear Energy Stocks to Buy Right Now. It was reported last week that Raymond James initiated coverage of CEG with an 'Outperform' rating and a price target of $326. The analyst highlights the strategic advantage Constellation Energy Corporation (NASDAQ:CEG) gained from the acquisition and integration of the private merchant generator, Calpine. The blockbuster deal will turn Constellation into the largest independent power provider in the country, sharply growing its mix of natural gas-fired electricity generation. Constellation Energy Corporation (NASDAQ:CEG) also made headlines this month when it signed a 20-year power purchase agreement (PPA) with Meta, with the tech giant buying around 1.12 GW of nuclear energy from Constellation's Clinton Clean Energy Center in Illinois. The move provided a major boost to the overall nuclear energy industry, as it can serve as a model for Big Tech to support existing nuclear power plants, while also planning to power their data centers with new energy sources. Constellation Energy Corporation (NASDAQ:CEG) is the largest producer of carbon-free energy in the US, with approximately 34,200 MW of generating capacity consisting of nuclear, wind, solar, natural gas, and hydroelectric assets. While we acknowledge the potential of CEG as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Cheap Energy Stocks to Buy Now and Disclosure: None.
