Spain's Acciona lands 10-year renewable energy PPA with telco Telefonica

09/06/2020 09:09 Renewable


Spanish group Acciona SA has secured a ten-year renewable energy power purchase agreement (PPA) with compatriot telecommunications company Telefonica SA.


Under the PPA terms, Telefonica will receive an annual supply of 100 GWh to power up its data processing facilities, offices and work centres in Spain, the renewable energy group said Monday.


For its part, Acciona will back the contract with its portfolio of 5,700 MW of renewable power assets in Spain starting from July 2020 when the PPA comes into force.


Acciona added that the portfolio will be expanded with the construction of new plants to meet the needs of the client.


The supplied power will be certified as 100% renewable by Spanish markets and competition regulator CNMC. Additionally, Telefonica will have direct access to Acciona’s blockchain-based platform GREENCHAIN, which traces the origin of renewable power in real time, Acciona said.



Daily (31.07.2020): WTI crude slipped below $40 a barrel on Thursday amid bearish economic data, political uncertainty in the U.S.

31/07/2020 10:44:00

Crude oil futures posted a steep decline on Thursday, with WTI crude slipping below $40 a barrel for the first time in three weeks, pressured by worries about resurgence in coronavirus cases and bearish U.S. economic data. Suggestions made by U.S. President Donald Trump that nation's November presidential election may be delayed added further pressure on oil prices. Hence, Brent crude decreased by 81 cents, or 1.9%, to settle at $42.94 a barrel. At the same time, U.S. WTI crude futures fell by $1.35, or 3.3%, to end at $39.92 a barrel.


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German wind, solar tenders award 384 MW in July

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Projects with a combined capacity of 384 MW secured surcharges in Germany’s tenders for wind and solar power this month, the Federal Network Agency, also known as the Bundesnetzagetur (BNetzA) has announced.