Shell Power Purchase Agreement

According to Sunco, the electricity produced by the two facilities will be sold to Shell, a subsidiary of Shell Energy Europe Limited, of the Anglo-Dutch fossil fuel giant Royal Dutch Shell, through a Power Purchase Agreement (PPA). The construction of the two projects that have secured an uns mentioned financing mechanism from the Spanish lender Banco Santander began yesterday. The ECA signed by Shell is the second unsubsidised solar electricity supply agreement signed in Spain since the Covid 19 crisis in the country. The EDPR division for renewable energy of the Portuguese energy company EDP concluded last month a contract for the sale of electricity produced from 59 MW of solar and wind capacity to the Dutch multinational Royal DSM. „Customers and communities are demanding a change in the way their electricity is produced, and the Maverick 7 solar project allows us to provide a cleaner and more sustainable energy solution.“ EDF Renewables North America and Shell Energy North America have signed a 15-year power purchase agreement for 132 MW of solar power in Riverside County, California. British Solar Renewables Ltd signs electricity sales agreement with Shell Energy Europe Ltd for England`s largest solar farm A power purchase agreement is a long-term contract that allows a company to purchase its electricity from a given renewable technology. „Palen Solar with a total solar capacity of 500 MW shows EDF Renewables` long-term commitment to solar development in California,“ said Dai Owen, vice president of power marketing at EDF Renewables. . . .