Hassan Allam Utilities and Infinity Power have signed agreements with Egypt’s Ministry of Electricity and Renewable Energy and the Egyptian Electricity Transmission Company for two renewable energy projects in the country.  

IPP Enlight Renewable Energy has secured a US$1.44 billion debt financing for the Snowflake A solar-plus-storage project in Holbrook, Arizona, US.

Energy Vault has acquired a 150MW battery energy storage system (BESS) in Texas. Meanwhile, Jupiter Power has entered an agreement with Austin Energy to provide 100MW of electricity from a BESS facility.

Calibrant Energy will deliver a 31MW/62MWh battery energy storage system (BESS) at Aligned Data Centres’ campus in the Pacific Northwest area of the US.

Spanish IPP Grenergy has begun construction on a 340MW solar project with 960MWh of energy storage in El Cabrero, located in Chile’s Biobío region. 

Community-owned public power utility Denton Municipal Electric (DME) has signed a power purchase agreement (PPA) with Jupiter Power covering offtake from one of the developer-operator’s standalone BESS projects destined for Robertson County in Texas. 

Utah Associated Municipal Power Systems (UAMPS) has negotiated the terms of a solar and BESS power purchase agreement (PPA) with Boston, Massachusetts-based developer Longroad Energy.

Two battery storage offtake agreements have been signed in Australia, representing over 2GWh of storage capacity.

Swift Current Energy has secured US$242 million for what the developer claimed will be the biggest BESS project in the PJM service area.

Long-term BESS offtake and PPA deals are clearly on the rise in Europe, but how are they evolving vi-a-vis structures, tenors and regional differences?