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ENGIE: introducing you to PPAs

Breaking down the basics on the types of PPAs provided by French energy giant ENGIE

ENGIE is one of the leading providers of PPAs worldwide: in 2018 alone, it has signed Italy’s first private PPA for “grid-parity” solar, the first PPA to be signed for wind farms under development in Spain and new long-term power purchase agreements (PPA) in Chile.

Recent PPA announcements have included a four-year power purchase agreement (PPA) for the output of the 385-MW Arkona offshore wind farm in the German Baltic Sea. This deal was announced the same week that Engie launched the largest energy storage system in the US state of Massachusetts with a 3 MW grid synergy system connected to a solar farm near Boston: this US $4 million project will supply power from the solar plant to the local utility under a 20-year PPA

ENGIE designs PPA contracts to suit every type of generation plant, business model, operational practice and objective. So let’s take a look at the types of PPA Engie provide, as outlined in this blog post.

Long-term PPAs with long-term guarantees

Short-term PPAs with versatile contracts to optimise earnings 

Contracts that are compatible with subsidy schemes

Earning revenue from renewable energy certificates

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