Microsoft inks renewable PPA with French utility ENGIE

26/09/2019 09:39 Renewable

news

Microsoft has signed a long term deal to buy solar and wind power from ENGIE’s renewable plants in the US.

They have inked a power purchase agreement (PPA) for 230MW of electricity in Texas, bringing Microsoft’s renewable energy portfolio to more than 1,900MW.

 

The multinational technology company is buying the majority of the output from the new 200MW Las Lomas wind farm, which will be located in Starr & Zapata Counties as well as 85MW of power from the 200MW Anson Solar Centre project, which will be built in Jones County.

 

In addition, ENGIE is implementing its Darwin software, currently deployed on more than 15,000MW of assets globally, using Microsoft Azure’s intelligent cloud services to optimise asset performance.

 

ENGIE intends to develop around 9,000MW of new renewable energy projects between 2019 and 2021 globally, with 2,500MW of new capacity planned for North America.

Source: energylivenews.com

Indonesia signs 20-year production sharing contract for Corridor block

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Indonesia’s government signed on Monday a production sharing contract with units of ConocoPhillips, PT Pertamina and Repsol SA for the Corridor natural gas blocks, Energy and Mineral Resources Minister Arifin Tasrif told reporters.

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Daily (11.11.2019): NBP spot jumped by 7.2% on Friday due to colder weather

11/11/2019 11:08:00

Oil prices inched up on Friday despite U.S President Donald Trump not agreeing to decrease tariffs on China, but still accepting a potential deal to be struck by the end of the month. Hence, Brent crude traded 0.4% higher at $62.51 a barrel. WTI futures edged 0.2% higher at $57.24 a barrel.

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