European Telecoms Ink Deals for 388 MW of Solar Power
French telecom Orange and Deutsche Telekom subsidiary Power & Air Solutions signed separate power purchase agreements this week to procure solar power totaling 388 megawatts.
Energy Procurement
The latest news for commercial and industrial energy procurement and retail energy developments.
Report Says US Will Emerge as a ‘Prominent Market’ for Microgrid Tech Through 2026
Prominent market players are heavily investing towards the optimization of microgrid to lower emissions and enhance fuel efficiency to meet the stringent targets set by the government bodies across the globe.
New Report Says Electrification of Several European Sectors Could Slash Emissions by 60%
Electrification of the transport, buildings, and industrial sectors in Europe could slash greenhouse-gas emissions by 60% between 2020 and 2050.
Two Hotels Are First Properties in Oklahoma to Use C-PACE Financing for Energy Efficiency Upgrades
Petros PACE Finance, LLC has closed two Commercial Property Assessed Clean Energy (C-PACE) transactions totaling $4.9 million with Ross Group, a Tulsa, Oklahoma-based commercial real estate owner and developer, to finance energy-saving building measures in the redevelopment of two properties into hotels in downtown Tulsa.
Daimler Signs Renewables Deal with Statkraft to Power All German Sites
Daimler signed a long-term deal with Norwegian renewable energy provider Statkraft to power all of the automotive corporation’s German sites with electricity supplied from solar, wind, and hydropower plants in the country.
Toyota and Dow Pursue Renewables for Kentucky Facilities
Toyota and Dow are pursuing agreements with Louisville Gas and Electric Company and Kentucky Utilities Company to purchase renewable energy from a planned 100-megawatt solar array for their facilities in the state.
Majority of Wind Developers Feel PPA Prices Will Stay the Same in 2020: Report
Looking ahead into 2020, 60% of wind developers feel power purchase agreement (PPA) prices will stay the same in 2020, according to LevelTen Energy’s Q4 2019 PPA Pricing Index.
Visa Achieves Global Goal of Using 100% Renewable Energy
Financial services corporation Visa reported this week that it has reached its goal of using 100% renewable electricity by 2020. After setting the target in 2018, the company turned to energy sources like solar and wind power across its global facilities portfolio.
AB InBev Signs Deal for 130 MW of Solar Power in Europe
AB InBev signed a 10-year virtual power purchase agreement (VPPA) with Munich-based global renewable energy developer BayWa for more than 130 megawatts from two solar farms. The renewable energy will go toward powering AB InBev’s European brewing operations.
California Public Facilities to Undergo $9.8 Million in Energy Saving Upgrades
Willdan Group, Inc. announced today that it has been selected to provide $9.8 million in turnkey energy savings performance contracts for public facilities in California.
Delta Inks Renewable Biofuel Deal for 10 Million Gallons Annually
Delta signed an agreement with sustainable low-carbon biofuel and chemicals company Gevo to purchase 10 million gallons per year of their advanced renewable biofuels.
German Chemical Company Signs World’s Largest Offshore Wind PPA
German high-tech polymer materials supplier Covestro signed a power purchase agreement with Ørsted for 100 megawatts from a planned offshore wind farm in the North Sea. Ørsted says the deal is the world’s largest offshore wind PPA.