Significant transactions

What significant transactions/deals have taken place in the last 12-18 months?

Laúca Hydroelectric Power Plant

According to the Government, Laúca Hydroelectric Power Plant (“AH Laúca”) is the largest work in the country today. The Project was commissioned by the Angolan Executive, represented by the Ministry of Energy and Water, and is carried out by ODEBRECHT. COBA and LA MAYER carry out the supervision of the implementation of the project. When AH Laúca is 100% operational, it will produce more than twice as much energy as the other two dams already operating on the Kwanza River. This energy potential will serve 8 million people. AH Laúca will produce 8,643 GWh (gigawatts) of electricity, representing an installed capacity of 2,070 MW (megawatts).

The realization of the project demands great infrastructure support. Because of this, AH Laúca is today a city that is composed by: Leisure area; Sports area; Accommodations; Kitchen and Cafeterias and Medical Center.

AH Laúca is a pole of job and income generation. The project is also committed to providing opportunities for national talent. Today, the enterprise has 8,458 Members. Of these, 8,035 are national, which represents 95% of the entire productive force involved in the execution of the work. The remaining 423 are expatriates, a number that represents 5% of total members.

Through the Acreditar Program, the project offers basic and specific training to AH Laúca Members and also to the residents of the communities surrounding the construction site.

AH Laúca is 86% ahead of Civil Works, 72% ahead of Electromechanical Assembly and 14% in the Energy Transport System. Always overcoming challenges and fulfilling all the goals set with safety, quality and productivity.

2nd Hydroelectric Power Plant of Cambambe and Dam Alignment

With the conclusion of the Cambambe 2nd Power Station and the Dam Raising, it was possible to obtain an additional power of 780MW. This power is helping to reduce the energy supply deficit in the Provinces of Luanda, Kwanza Sul, Malanje, Uige, Kwanza Norte and Bengo.

It will also allow the interconnection of the North-Central Systems with the Benguela Province link, thus reducing production costs and the consumption of diesel for energy production.

More than 10,000 construction posts have been created as part of the temporary work in the rehabilitation, modernization and extension of the hydroelectric complex. The construction owner was GAMEK (Gabinete de Aproveitamento do Médio Kwanza) and the contractor was ODEBRECTH.

Solar village program

The main objective of the Solar Village Programme is electrification, through the installation of autonomous solar photovoltaic systems (isolated) in infrastructures Social, including: Schools; Medical Posts; Police Posts; Administrative Buildings; and, Social Jangos, including Public Lighting Posts.

In the 1st phase of the Programme, awarded to the company Elektra Electricidade e Águas, Lda, 11 localities were selected from 4 Provinces in the country: Bié, Kuando Kubango, Malange and Moxico. This phase has been completed since 2011, with a total of 156,660 Wp of 42 systems and 70 public lighting posts implemented.

In some cases, a system provides electricity to more than one infrastructure. So far, 50 infrastructures have benefited from the electricity supply, namely: 15 schools, 18 medical posts, 1 maternity ward, 1 police station, 1 police station, 9 administrative residences, 1 nurse's residence, 3 administrations.

In the 2nd phase of the Solar Village Programme, four companies were selected for the installation of a total of 75 systems and 160 streetlights.

As part of the 3rd phase of the Solar Village Programme, the project has already started after the Auto de Consignation signed with the Company LTP Energias S.A. The project will benefit the provinces of Kwanza Sul, Cuando Cubango and Lunda Sul, whose aim is to supply electricity to the communities with Solar Photovoltaic Systems of Auto-consumption Kits and Public Photovoltaic Lighting.

It is part of the energy and water sector action plan 2018-2002, to continue the Solar Village Programme and to ensure adequate maintenance of its infrastructure and test a new concept of a 100% solar mini network, based on batteries, to electrify the most isolated municipality headquarters, avoiding fuel logistics.

Last modified 9 Feb 2021

Headlining Australia’s PPA market in 2022 is the Woolworths Group, which announced a PPA for 100GWh as leading its transition to 100% renewable electricity in its South Australian operations.1

Following suit, Charter Hall announced a seven-year 151GWh per annum PPA as part of its goal to achieve net zero carbon emissions by 2030. The PPA is slated to reduce Charter Hall’s emissions by 70%.2

In April 2022, Fujitsu Australia announced its entry into a 10-year PPA to provide renewable electricity equivalent to approximately 30% of its annual Australian electricity consumption.3 Fujitsu’s PPA marked the first of such agreements by the Fujitsu group globally and the first PPA inked by a data centre service provider in Australia.4

Footnotes

[1] ‘Woolworths Group set to flip the switch on 100% green energy in South Australia for a better tomorrow’, Woolworths Group (Web Page, 17 May 2022)
[2] ‘Charter Hall signs long-term renewable energy supply agreement with ENGIE’, Charter Hall (Web Page, 3 August 2022) 
[3] ‘Fujitsu Australia signs its first power purchase agreement in a key step towards decarbonising its operations and providing lower-emissions services’, Fujitsu (Web Page, 7 April 2022) 
[4] Energetics Deal Tracker (n 1).

Last modified 12 Oct 2022

SEA announced a 3 MW tender for rooftop installations on January 2019. On March 2020, with a total of seven bidders having submitted the proposals, a Bahraini based energy firm called Tarsheed Energy Consultation and Services has submitted the lowest option price (BHD 0.020 per kWh). [1]

The project relates to 66 government buildings in eight locations in Bahrain for the installation of rooftop PV on 120 buildings in the government estate.

 The plan is expected to bring online 255 MW of PV capacity by 2025 (providing an estimate of 5% of the country’s demand) and 700 MW of renewable energy capacity by 2030.

The plan is being implemented through the following policies:

  •  net metering;
  • a tender-based FIT scheme; and
  • a renewable energy mandate for new buildings. [2]
[1] ‘Bahrain Receives the Bids for 3MW rooftop Solar PV Plant’ (Saudi Gulf Project, 30 March 2020) accessed 25 August 2020
[2] PV Magazine, ‘Bahrain launches 3 MW rooftop tender’ accessed 11 March 2020

Last modified 16 Dec 2020

2020: Ineos and Engie entered into a 10-year PPA for 84 MW from the off-shore wind farm Norther.

2020: Borealis and Eneco entered into a long term PPA. Under this PPA, over 1 000 gigawatt hours of electricity will be supplied to Borealis over the next decade.

2019: Google and Engie entered into a PPA for 92 MW from the off-shore wind farm Norther.

2020: AB Inbev entered into a 10-year Virtual Power Purchase Agreement BayWa r.e., so as to purchase 100% renewable electricity for its European brewing operations (a.o. 5 breweries in Belgium).

Last modified 25 Feb 2021

None.

Last modified 9 Feb 2021

  • Scatec, Equinor and Hydro Rein (joint developers of the Mendubim Project) entered into a PPA with Alunorte in July 2022. The PPA has a term of 20 years, and it involves approximately 60% of the capacity of the project (531 MW).

  • Casa dos Ventos and Braskem entered into a BRL2.1 billion PPA in March 2023, with a term of 22 years.

  • Atlas Renewable Energy and Brasil Albras entered into a PPA in April 2023, with a term of 21 years. This is reported as one of the largest PPAs executed in Latin America.

  • CEMIG and Gestamp entered into a PPA in November 2022, with a term of ten years and total expected supply of 79.2 GWh.

Last modified 6 Sep 2023

  • Grenergy entered into a PPA to supply 140 GWh a year for a 12-year period to an international utility company with a presence in the Chilean market.

  • Energías Renovables Fotones de Chile entered into a ten-year PPA with Generadora Metropolitana for 350 GWh/year to supply the Libertad solar plant. The agreement also includes Non-Conventional Renewable Energy (NCRE) attributes.

  • On December 2022, CODELCO entered into a PPA with AES Andes to supply 210 MW of renewable energy from 2023 to 2040.

Last modified 10 Oct 2023

  • EPM S.A. E.S.P announced in March 20 that it won the auction bidding for the “CaribeMar” portion of assets formerly belonging to the utility company “Electricaribe”. This transaction has not closed yet but it is excepting to be closed before the end of this year. This deal has been the largest energy sector transaction of the year, the most important in the history of EPM.  
  • Enerpereira S.A. E.S.P. won the auction for “CaribeSol” equivalent to the other portion of the assets belonging to Electricaribe.  DLA advised Enerpereira in this auction and it is suitable for publication.
  • Brookfield sold to Northland Power the utility company Empresa de Energía de Boyacá (known as EBSA) at USD$1,05 billions. 
  • EDP Renewables (EDPR) a global leader in the renewable energy sector and one of the world’s largest wind energy producers, has secured two 15-year Power Purchase Agreements (PPA) at the recent renewable auction organised by the Colombian Government (2019).
  • Trina Solar sold to TPG three solar projects of 100MW each. These projects are in stage of construction and were awarded long term PPAs at the recent renewable energy auction. These projects were part of a larger transaction involving assets in Europe and Latin America.

Last modified 16 Dec 2020

The Jarošov brewery was one of the first Czech companies which started to build a photovoltaic power plant through the PPA.

Last modified 26 Jul 2021

A PPA was signed with Al-Nowais Group of the United Arab Emirates for a photovoltaic power plant in Kom Ombo, under BOO system with a capacity of 500 MW, and the commercial operation is targeted at the end of 2023. A PPA was also signed with Al-Nowais Group for a wind park constructed in the Gulf of Suez with a capacity of 500 MW, and the commercial operation is expected at the end of 2023. 

The global wind and solar company majority-owned by Aker Horizons, and Actis, a leading global investor in sustainable infrastructure, has signed an agreement to sell the Lekela Power portfolio to Infinity Group and AFC, subject to regulatory approvals and customary closing conditions. Lekela Power’s portfolio encompasses operational power projects, with an aggregate installed capacity of over 1 GW, located in South Africa, Egypt, and Senegal.

Last modified 18 Oct 2023

The Ethiopian Electric Power (EEP) signed the first PPA in December 2019 with ACWA Power for the construction and generation of two (125MW each) solar power generation sites at Gad and Dicheto in the Somali and Afar Regional State in Ethiopia. More recently, the Tulu Moye Geothermal Operations PLC signed a PPA and IA with Ethiopian Electric Power for the generation and sale of 150MW of electricity in March 2020.  

MLA assisted ACWA Power in setting up two project companies (SPVs) and obtaining investment permits, including but not limited to reviewing the Project Agreements, namely, the Power Purchase Agreement and the Implementation Agreement, reviewed the land lease agreements for both projects, drafted and reviewed various financial documents (including assignment agreements and account charge/pledge agreements and land mortgage agreement) as well as assisting the client in reporting to Lender’s local counsel.

MLA is also assisting/advising six financial institutions/Lenders including African Development Bank, PROPARCO, DFC, European Investment Bank and FMO on the project financing of theTulu Moye Geothermal project in Ethiopia as a local legal counsel.

Please note that details of the information concerning the projects are public information, but MLA’s involvement in the matter is confidential.

Last modified 18 Feb 2021

We have acted as advisor for SAJM Holding, a Finnish solar PV developer in its divestment of development phase solar PV park with contemplated capacity of 475 MWp.

We also recently advised Kommunalkredit Austria AG and AP Pension Livsforsikringsaktieselskab as lender to Renewable Power Capital (RPC) in the financing (and subsequent refinancing) of a portfolio of three onshore wind farms with a total capacity of 171 MW in Finland, known as Merkkikallio, Puutikankangas, and Rustari (OX2 being the seller of the projects).

We advised Prime Capital AG and Prime Green Energy Infrastructure Fund S.A. SICAV-RAIF on the acquisition of the 192 MW Lappfjärd wind farm in Finland (closed in June 2021) and the subsequent financing of the project in 2022 as well as on the acquisition of Project Sandbacka from Svevind, a privately owned developer of renewable energy projects and its co-development partner AB Vindkraft i Skog. Project Sandbacka is a 90 MW ready-to build wind farm in Finland comprising 14 wind turbine sites.

Also, in 2022 we advised a UK renewable energy investor in early phase wind farm projects to be located in Kajaani and Kalajoki Finland.

Last modified 10 Oct 2023

In May 2019, a solar cPPA has been concluded between Boulanger and Voltalia for 5MW during 25 years, which will represent a minimum of 10% of Boulanger’s consumption by 2022.

In July 2019, a solar cPPA has been concluded between SNCF Energie (subsidiary of SNCF Mobilités) and Voltalia for a total of 143 MW during 25 years, which should produce between 3 and 4% of the consumption of electricity required for SNCF Mobilités trains by 2022-2023.

In December 2019, a solar cPPA has been concluded between Crédit Mutuel Alliance Fédérale and Voltalia for a total of 10 MW during 25 years, which should cover 5% of the total consumption of electricity of Crédit Mutuel.

In February 2020, a solar cPPA has been concluded between ADP Group (Groupe Aéroport de Paris) and UrbaSolar for a total of 47 GW during 21 years, which will cover 10% of the electricity needs of the three Paris airports.

In July 2020, a wind cPPA has been concluded between Orange and Boralex during 5 years, for a total of 67 GWh per year of electricity.

In 2021, a solar cPPA has been concluded between Orange and Engie, for a total of 51 MWc per year during 15 years, with a commissioning date scheduled on January 1st, 2023.

In 2021, a solar cPPA has been concluded between Ze Energy (an independent electricity producer) and Sorégies, for a total of 150 Gwh per year during 20 years.

In 2021, a solar cPPA has been concluded between Orange and Total (through its subsidiary Total Quadran) for a total of 100 Gwh per year during 20 years. 

In April 2021, a green corporate power purchase agreement has been concluded between EDFR and SNCF for a period of 20 years. This contract covers the electricity production of a 20 MW solar power plant and the plant's annual production will amount to 25 GWh.

In June 2021, a long-term renewable electricity direct purchase contract (Green Corporate PPA) has been concluded between SNCF Energie, a subsidiary of SNCF Voyageurs, and RES, for 40 megawatts over 15 to 20 years, which should cover about 2% of the electricity consumption required for all SNCF Voyageurs trains.

In December 2021, a multi-buyer solar corporate PPA has been concluded with 10 companies for a 56 MW solar power plant developed by Voltalia in the south of France, for a duration of 20 years.

Last modified 8 Jun 2022

There have been a number of recent PPA transactions relating to existing installations which have fallen outside the support scheme. In most cases, however, these PPAs have been concluded between the installation operators and utility companies, rather than directly between installation operators and corporations. Mercedes-Benz recently claimed to be the first corporate customer entering into a PPA relating to wind installations which fell outside of the support scheme. Also German technology group Bosch announced the conclusion of long-term (12 to 16 years) PPAs with RWE, Statkraft and Vattenfall each relating to solar installations.

There have also been transactions in relation to installations currently under development. For example, Energiekontor and Innogy had agreed on a PPA regarding a solar energy power plant under development. 

Last modified 16 Dec 2020

  • In May 2023 PPC announced the conclusion of a ten-year PPA with Viochalco S.A. In June 2022, one of the major Greek energy companies concluded a solar PPA with Enel Generación Chile S.A. This PPA will supply the Chilean utility with up to 1.1 TWh per year for the next ten years.

  • In July 2022, Cero Generation announced the launch of a 100 MW solar PV project in Greece, the first in the country with a private Power Purchase Agreement and one of the largest of its kind.

Last modified 10 Oct 2023

In 2017 Microsoft announced the first cPPA in Ireland which was entered into in respect of a project which was then owned by GE. Following this, a number of other significant deals have been announced involving big tech firms including Amazon and Facebook.

In 2019 it was announced that Amazon Web Services (AWS) had entered into a subsidy free cPPA with Invis energy in respect of a new 91.2 MW wind farm in Donegal. Since then, other deals announced included Facebook entering into a cPPA for the purchase of the output of the Lisheen III wind farm which is owned by Orsted. In late 2021, it was announced that Johnson and Johnson had entered into a cPPA with Orsted in relation to the output of certain of Orsted’s onshore wind farms.

However, one of the most significant cPPA transactions to take place in Ireland to date was Microsoft’s deals to acquire 900 MW of power in total from Statkraft, Power Capital and Energia. These deals amount to delivery of 28% of Ireland’s PPA targets for 2030. DLA Piper advised Statkraft and Power Capital on these deals.

Last modified 10 Oct 2023

Please find below a public list of the corporate PPAs signed in the last 12-18 months, the majority of which is for subsidy-free assets:

  • 200 GWh corporate PPA for a 7-year term signed in May 2019 by FERA, in quality of producer, Duferco, in quality of Offtaker, and DXT commodity trader.
  • 95 GWh corporate PPA for a 5-year term signed in September 2019 by KGAL Investment Management, in quality of producer, ORI Martin, in quality of Offtaker, and DXT, commodity trader.
  • 1,5 TWh corporate PPA for a 2-year term signed in October 2019 by ERG Power Generation S.p.A., in quality of producer, and ACEA Energia, in quality of Offtaker.

Last modified 16 Dec 2020

More than 140 Petrol stations of a leading provider have been adapted to incorporate rooftop solar arrays as a means of generative solar energy.

Moi International Airport is also set to install a 500 KW solar power system. This trend is also being followed by Ecobank, Africa Logistics Properties and the International Centre of Insect Physiology and Ecology, who have recently commissioned solar units on their properties.

Many other corporates are also investing in rooftop technology.

Last modified 18 Feb 2021

There have been many, but there is no public record or reliable source of information.

Last modified 16 Dec 2020

Aftissat II wind farm project developed by Nareva Holding, through its subsidiary Energy Eolienne du Maroc, pursuant to Law  No. 13-09. The wind farm will have a capacity of  200MW and will enter into service in 2022.

Last modified 10 Feb 2021

During the last 12-18 months, the following transactions took place in Mozambique:

  • financial close for 41 MW Metoro Solar Power Plant project (the largest solar power project to be implemented in Mozambique), implemented by Neoen and EDM;
  • 40MW solar power plant project in Mocuba, the first one commissioned in 2019 to supply electricity to the national grid;
  • approval, by the United States International Development Finance Corporation (“DFC”), of a loan of up to two hundred million United States Dollars (US$200M) aimed at financing the development, construction and operation of a 420 MW gas-fired thermal power plant in Inhambane province, Southern Mozambique;
  • provision, by the DFC, of political risk insurance for up to one point five billion United States Dollars (US$1.5B) to support the development, construction and operation of an onshore gas liquefaction plant and supporting facilities in are 4 of Mozambique’s Rovuma Basin.
  • conclusion of a PPA, for the supply of 40 MWp of photovoltaic power, between EDM and Niassa Energia Solar, Limitada, a subsidiary of Alten Africa. 

Last modified 1 Feb 2021

  • July 2023: AMPYR Solar Europe as seller and Asahi Europe & International (on behalf of Royal Grolsch) as offtaker entered into a virtual 22 MW cPPA relating to production originating from a portfolio of solar parks with similar total capacity to feed the beer production facilities of Grolsch in the Netherlands.

  • July 2023: (Kronos Solar) EDPR as seller and Google as offtaker entered into a 15-year 40 MW cPPA relating to production originating from a four solar plants in Gelderland with a similar capacity.

  • April 2023: Eneco as seller and Google as offtaker entered into a ten-year cPPA relating to production originating from the 73.5 MW Fryslân and the 79 MW Kroningswind near-shore farms for a capacity of 288 GWh and 227 GWh respectively.

  • April 2023: Sunrock as seller and Iron Mountain as offtaker entered into a cPPA relating to production originating from a 4 MW solar system in the harbour of Rotterdam.

  • January 2023: Klimaatfonds Nederland as seller and Scholt Energy as offtaker entered into a ten-year 10 MW cPPA relating to production originating from the Loon op Zand Solar Park.

  • December 2022: Eneco as seller and KPN as offtaker entered into a 15-year cPPA relating to production originating from the 760 MW Hollandse Kust West development.

  • November 2022: RWE as seller and Koehler Paper as offtaker entered into a ten-year 49.7 MW cPPA relating to production originating from the 54 MW Waddenwind project in the region of Groningen.

  • June 2022: Vattenfall as seller and Air Liquide as offtaker entered into a 15-year 115 MW cPPA relating to production originating from Hollandse Kust Zuid offshore wind farm.

  • February 2022: Eneco as seller and USG Industrial Utilities (Chemelot) as offtaker entered into a 15-year 90 MW cPPA relating to production originating from the Windpark Fryslân near shore wind project.

  • November 2021: Vattenfall as seller and Cargill as offtaker entered into a ten-year 78 MW cPPA relating to production originating from 90 MW Windpark Hanze wind project.

  • June 2021: Vattenfall as seller and BASF as offtaker entered into a 742 MW cPPA relating to production originating from the Hollandse Kust Zuid offshore wind project.

Last modified 10 Oct 2023

In September 2022, Microsoft announced it had signed a ten-year PPA with Contact Energy for all the renewable energy attributes generated by Contact’s 51.4 MW geothermal power station.

Amazon Web Services signed a 103 MW wind PPA with Mercury in early 2023.

In 2023, Eastland Generation Limited signed a PPA with Ormat Technologies. Ormat will purchase all the proposed 50 MW geothermal power plant’s generation under a fixed price PPA.

Last modified 10 Oct 2023

Not applicable.

Last modified 7 Sep 2023

In August 2020, ISA Peru bought Orazul Energy Group for US $ 152 million.

In April 2020, Sempra Energy sold Luz del Sur SAA to China Yangtze Power (China Three Gorges Corporation´s subsidiary) for US $ 3,5 billion.

In April 2019, Odebrecht Latinvest sold the Chaglla hydroelectric plant to China Three Gorges consortium for approximately US $ 1.4 billion.

Last modified 16 Dec 2020

The Polish market is developing and the number of signed PPAs is expected to increase significantly by the end of 2023. The vast majority of these contracts relate to the sale of electricity from renewable energy sources – mainly from wind and solar farms (as these electricity generation facilities are considered to be the most stable source of electricity).

In January 2022, Axpo announced that it had signed a PPA to buy power from solar power plants owned by the R.Power Group. The contract covers the offtake of energy from photovoltaic power plants with a total installed capacity of nearly 300 MWp, which are currently under construction across Poland. The estimated capacity of the individual power plants ranges from 0.3 MWp to 30 MWp. Commissioning will take place gradually and will last until mid-2023. The O&M will be operated by Nomad Electric Services, which will take care of farm productivity, maintenance and service.

In April 2022, T-Mobile announced that it had entered into a 15-year contract with Augusta Energy, a joint venture between German asset management company KGAL and Portuguese V-Ridium Power, owned by Greenvolt.

In May 2022, PGE Obrót announced one of the largest PPAs on the Polish market with CMC Poland, the owner of Huta Zawiercie. PGE Obrót will supply a total volume of 0.8 TWh of energy between 2024 and 2030 from the Jeziórko photovoltaic farm currently under construction in the Podkarpacie region, which is expected to reach a capacity of 100 MW by the end of next year. As of January 2020, CMC Poland consumes more than 800 GWh of energy annually, of which more than 30% comes from RES, as the group has already been active in the PPA market for several years, it announced that it has concluded a ten-year financial contract with Norway's Statkraft for the annual supply of 200 GWh of green energy.

In March 2023, Qair Polska announced that it had signed a contract for the supply of renewable energy under a corporate PPA with physical delivery. The contract covers a period of 12 years between 2023 and 2034. The offtaker is a multinational company with production facilities in Poland, employing nearly 10,000 people. The PPA with physical offtake provides for the supply of energy from wind farms and a photovoltaic farm, the construction of which started in early 2023. The size of the contract was tailored to the customer's needs and is one of the largest corporate PPAs in the Polish renewable energy market. The company will supply 2 TWh of green energy over the term of the contract.

In July 2023, Qair Poland announced that it had signed a 15-year PPA with Żabka Polska. The contract provides for the financial settlement of electricity sales and the purchase of guarantees of origin from Qair's wind farm and large-scale solar plant. Over the entire period, the contract covers a total of almost 1.7 TWh of energy from the wind farm and large-scale photovoltaic farm.

In March 2023, Green Genius announced that it had signed a 41 MW PPA with Respect Energy, of which 16 MW was contracted for five years and the remaining 25 MW for ten years. This is the second PPA signed between the two companies since October 2022. The contract is effective from 1 April 2024. Green Genius will supply 18 GWh of green energy per year under the five-year contract for 16 MW. Meanwhile, the remaining 25 MW of the ten-year contract will provide Respect Energy with a further 29 GWh per year.

The above shows that PPAs in Poland are gaining popularity not only among smaller or foreign investors in Poland (who may be more accustomed to such contracts in the energy market), but also among the largest energy companies in the country.

Last modified 10 Oct 2023

  • EDP – Sakthi Portugal (150,000 MWh) 
  • EDP Comercial and NOS SGPS (62,000 MWh/year for 11 years)
  • EDP Renováveis, S.A. and The Procter & Gamble Company (127.5 MW)
  • Shell and Sonae Group (100,000 MWh)

Last modified 29 Sep 2022

In February 2020, Senegal inaugurated the first phase of the Taiba Ndiaye wind power plant. This plant has injected 50 MW into the Senelec network since December 2019 and will provide 158.7 MW of clean and reliable energy for over 2 million people. It comes in addition to the eight solar plants already available in the network.

Last modified 21 Sep 2022

AB InBev entered into multi-tiered CPPAs with SOLA Energy Group for the provision of 8.7MW of renewable energy to its breweries. The deal was worth R400m.[1]

[1] AB InBev bolster breweries with 8.7 MW renewable energy from SOLA

Last modified 16 Dec 2020

  • BASF/ENGIE, up to 20.7 terawatt hours
  • SAUR/ENGIE, 40 MW
  • TUBOS REUNIDOS/ STATKRAFT, 10 years energy production
  • MERK/TOTAL, 45 MW
  • PEPSI Co/ IBERDROLA, 590 MV
  • DANONE/IBERDROLA, 590 MW
  • ALCOA Corp/ENDESA, 906.3 MW
  • Mahou San Miguel/ENDESA, 10 years energy production
  • Procter & Gamble/EDP, 127.5 MW

Last modified 4 Oct 2022

We have worked on over 5GW of onshore wind transactions in the Nordics in the last 5 years.

Most recently, we acted for Prime Capital AG and Enlight Renewables on their acquisition from RES of the 372MW ready-to-build Björnberget project in the north of Sweden.

Furthermore, we recently advised Credit Suisse Energy Infrastructure Partners (CSEIP) in their significant investment with Fortum, whereby CSEIP will acquire an 80% stake in Fortum’s entire Nordic wind portfolio with a mix of operational and greenfield assets with a total installed capacity of approximately 500MW. 

Before this we worked on the 254MW Stavro project in northern Sweden, negotiating offtake arrangements with each of Google and Holmen.

Last modified 29 Sep 2022

  • Combined cycle power plant in Rades "C" with a capacity of 450 MW, at a total cost of TND816.5 million, and financed by the Japan International Cooperation Agency.
  • Gas turbine power plant in Mornaguia with a capacity of 624 MW, at a total cost of TND660 million, with external financing from the Islamic Development Bank and the Saudi Fund for Development and self-financing of STEG.
  • Photovoltaic plant "Tozeur1" with a capacity of 10 MW, for a cost of TND35 million and financed by KFW.
  • Photovoltaic plant "Tozeur2" with a capacity of 10 MW and a cost of TND25 million: the financing loan was signed with KFW in December 2018.

Last modified 29 Sep 2022

Advised CrossBoundary Energy (CBE) on a proposed establishment of an own use solar generation facility for a beverages manufacturer in Uganda.

Last modified 9 Feb 2021

A range of corporate PPAs have been signed in net metering markets.  This is particularly the case for manufacturing, food processing and logistics facilities. 

Recently we have seen an increase in the number energy service contracts signed which have included rooftop as a means of meeting KPIs.

Last modified 21 Jan 2021

GB's first offshore wind corporate PPA was signed by Danish wind giant Ørsted with Northumbrian Water for 30% of the electricity generated from the 573 megawatt (MW) Race Bank Offshore Wind Farm. It was announced at the end of February 2019 that a 10-year long-term PPA had been signed between the two parties. This is the first of its kind corporate PPA ever signed in GB and is an expansion of an existing renewable electricity supply agreement between the two companies which began in April of 2018. From 1 March 2019, Northumbrian Water started sourcing 30% of its electricity needs from the offshore project. Ørsted said it would also provide balancing services in respect of the wind output so that the electricity can be delivered to Northumbrian Water under their existing supply agreement signed in 2018.

Danske Commodities (DC) has signed an offtake deal with its parent Equinor ASA (EQNR) for the output of the latter's 30 MW Hywind Scotland floating wind farm. The Danish energy trader said that the 20-year PPA will make it the sole offtaker, taking over the balancing and trading of the wind farms' output. Additionally, DC has signed a PPA for the output of a 126 MW portion of the Sheringham Shoal offshore wind farm in UK waters. This 15-year PPA is effective as of 12 July 2019. Furthermore, DC has signed a 15-year PPA with the Dungeon offshore wind farm in GB. Effective 16 July 2019, DC will take over balancing and trading of 281 MW, equivalent to 70% of the wind farm's production. This is the company's fourth long-term PPA in GB market and the third offshore wind PPA in less than a month, following the 20-year PPA with Hywind Scotland wind farm and a 15-year PPA with GB offshore wind farm Sheringham Shoal.

Last modified 16 Dec 2020

No information at present.

Last modified 24 Mar 2021

One of the major solar energy generators is Distributed Power Africa, a subsidiary of Econet Wireless, the largest telecommunications company in Zimbabwe. It reports that it has undertaken the following projects in the last 18 months:

  • Client: Surrey Group
    System: 118 kW Roof Mount
    Location: Marondera, Zimbabwe
    Description: This project was commissioned in September 2019 with an installation of a roof mount PV solution. Their solar plant is grid tied with DG integration and powers the abattoir’s processing plant. 
  • Client: Schweppes Willowvale
    System: 1 MW Roof Mount
    Location: Harare, Zimbabwe
    Description: This project was commissioned in November 2019 at Schweppe’s Willowvale plant. The system is engineered with over 2,000 panels and is hybrid with diesel generator integration to ensure 100% power up time. The plant is custom built to generate electricity to improve operational efficiencies in the manufacturing processes.
  • Client: Luxaflor Roses Farm
    System: 118 kW Ground Mount
    Location: Mazoe, Zimbabwe
    Description: This plant was commissioned in February 2020 with a grid tied PV solution, with diesel generator and battery backup. This plant powers the flower grading process plant, irrigation equipment, cold storage rooms and Greenhouse equipment, and is custom built to generate a power saving of 30% on blended costs, while maximizing on daytime sunlight. 
  • Client: Tanganda
    System: 1.8 MW Ground Mount
    Location: Chipinge, Zimbabwe
    Description: The solar plant was commissioned in October 2020 at the Ratelshoek estate. The system is generating electricity to power the tea processing plant and irrigation equipment. At commissioning, the plant was the largest PV plant built for self-consumption in the C & I sector in Zimbabwe.
  • Econet Willowvale
    System: 466 kW Roof Mount
    Location: Harare, Zimbabwe
    Description: Commissioned in April 2019, this was the 15th installation in the first two years of construction. The grid-tied system was then the largest Carport and Rooftop mount C & I solution in sub-Sahara Africa outside of SA. With an estimated 780 MWH in annual energy production, the plant is expected to reduce site’s carbon footprint by 285,000 kg every year. 
  • UNESCO
    System: 50 kW Carport Mount
    Location: Harare, Zimbabwe
    Description: This hybrid solar solution was constructed at UNESCO (United Nations Educational, Scientific and Cultural Organization) Regional Office for Southern Africa in June 2020. The solar system is designed to produce 89 MWh of energy annually and comes with 33 Wh of battery backup to ensure business continuity. 

Other projects by other IPPs include:

  • Developer: Solgas
    System : 5 MW Solar Plant
    Location: Cross Mabale, Hwange

    Description:
    • Phase 1: 5 MW AC ground fixed mount solar plant in Cross Mabale, Hwange
    • Fully licensed by the Zimbabwe Energy Regulatory Authority (ZERA license number GC0046/2016)
    • 100 hectares of land secured for future expansion to a 50 MW solar plant
    • Grid Impact Assessment successfully completed with ZETDC
    • Transmission interconnection agreement signed with ZETDC
    • Environmental Assessment Studies completed and filed
    • 25 Year Power Purchase Agreement secured with Zimbabwe Electricity Transmission & Distribution Company
    • Granted National Project Status by Ministry of Finance and Economic Development Zimbabwe
    • Granted Prescribed Asset Status by Ministry of Finance and Economic Development Zimbabwe
    • Tariff Agreed
    • Phase 1: Funding of USD7.5 million secured
    • Engineering, Procurement and Construction in progress 
    • Phase 2: Fund Raise in Progress

Last modified 21 Sep 2022

Angola

Angola

To what extent are corporate PPAs presently deployed and what sort of structure do they take?

Corporate PPAs remain uncommon in Angola. 

Article 48 of the Electricity General Law provides that outside the scope of the public electric system, the conditions of sale of electric energy will be established by the parties.

Article 15 of the Executive Decree No. 122/19 of May 24 (electric energy sales tariffs) provides special arrangements for the sale of electricity by means of special or bilateral contracts between producers and distributors and those with final customers, under the terms set out in the Tariff Regulations (Presidential Decree No. 4/11 of January 6) shall be authorized by an order of the Minister of Energy and Waters, after hearing the regulatory authority.

All the contracts with National Transportation Network ("RNT" as a sole buyer must comply with certain requirements specified in Article 11 of the Presidential Decree No. 4/11 of January 6 as amended by Article 11 of the Presidential Decree 178/20 of June 25, in order to their prices are allocated to tariffs.

Do the country's regulators allow corporate owners to purchase (1) directly from a facility, or (2) from a choice of suppliers?

In accordance with Article 11 of the General Electricity Law, the use of the facilities and networks that incorporate the Public Electricity System is allowed under the conditions provided for in the aforementioned regulation or agreed between the interested parties and their holders, as long as the supervisory body approves it after prior validation by the regulatory authority.

Hence, corporate owners are allowed to purchase directly from a facility or a choice of suppliers, as long as it has been approved by the supervisory body and has effectively gone through a prior validation from the regulatory authority.

Other than the generator and the off-taker, are any third parties commonly party to the PPA structure (e.g. a utility or other market agent)?

In addition to the electrical energy provided by the Company ENDE E.P (National Electricity Distribution Company) that comes from hydraulic dams and private generators, so far, there are no other third parties as a common party to the cPPA structure.

Is a generator permitted to sell electricity directly to an end user? If so, do they require a licence or other form of authorization?

As previously stated, Article 48 of the Electricity General Law provides that outside the scope of the public electric system, the conditions of sale of electric energy will be established by the parties.

Last modified 9 Feb 2021

Angola

Angola

What are some of the technical, political, financial or regulatory challenges to corporations adopting green energy in the short/medium term in your country and how have these challenges been overcome (or how can they be overcome)?

More incentives and benefits need to be created for companies that want to implement green energy systems. Facilitating the process of importing and accessing currencies to pay for equipment to implement the projects related to renewable energy is necessary. Governments should create incentives for companies that are implemented across the country, thereby creating employment and facilitating greater acceptance of new technologies in rural areas.

Last modified 9 Feb 2021

Angola

Angola

Are there any anticipated regulatory changes which will alter the regulatory landscape for corporate green energy and corporate PPAs?

International development partners are providing technical support to the Angolan government to establish a regulatory framework which includes negotiating power purchase agreements with independent power producers (IPPs) and design of a feed-in-tariff scheme for renewables.

Last modified 9 Feb 2021

Angola

Angola

What is the corporate appetite for green energy, including any political or financial incentives available to corporates to adopt green energy?

Even though national and international companies have been showing interest to develop green energy structures in Angola, this is still something that has to be well studied and thought through it. However, there are already small dimensions of solar energy structures being developed, for example, but only for particular purposes.

What are the key local advantages of the corporate PPA model which can benefit our clients?

The key local advantage of the corporate PPA model in Angola is energy security and easier access to financing having the corporate PPA as collateral.

What subsidies are applicable to the generation and sale of renewable energy?

This information has not been made public.

Does your country implement a national support scheme with tradable green certificates (such as guarantees of origins)?

Not yet, as green energy has not yet been implemented.

Last modified 9 Feb 2021

Angola

Angola

To the extent corporate PPAs are deployed, how are prices, terms and risks affected?

Topic Details
Do prices tend to be floating or fixed?

According to Article 26 of the Presidential Decree 178/20 of June 25, the tariff structure is applied by the RNT concessionaire and by the distribution companies to users connected to their networks. Along these lines, this same diploma, on its article 27, establishes that the tariff structure reflects the costs to which users give rise, according to the characteristics of consumption and the level of tension to which they are connected, regardless of their social or legal character and the final destination give to the energy consumed. 

Hence, the prices are fixed considering the elements above mentioned.

What term is typically agreed for the PPAs? There is not a fixed-term for cPPAs it all depends on the activity to be exercised. However, it is important to mention that the tariff regime is, in general terms, in force in a four-year tariff regime. Alongside with that, the tariff period is defined by a specific diploma by the Sector Regulatory Entity, which must be multiannual, as established on Article 28-A of the Presidential Decree 178/20 of June 25.
Are the PPAs take-or-pay or limited volume? Not applicable
Are there any other typical risks? Not applicable

To the extent corporate PPAs are deployed, in whose favour will the risks typically be balanced?

Type of risk Details
Volume risk The risk is born by those who not comply with rule applicable to the specific situation. 
Change in law Usually, when changing legislation, users and distributors are given a period to prepare and adapt to this mentioned change of legislation. Hence, when there is a change in law non complied with, the risk is born by those who have not complied with the rule in place. 
Increase / reduction of benefits Again, similar to the change in law, the risk is born by those who not comply with rule applicable to the specific situation. 
Market liberalisation (if applicable) Not applicable 
Credit risk The risk is born by those who not comply with rule applicable to the specific situation. 
Imbalance power risk The risk is born by those who not comply with rule applicable to the specific situation. 
Production profile risk The risk is born by those who not comply with rule applicable to the specific situation. 

Last modified 9 Feb 2021

Angola

Angola

Does your country operate a balancing responsibility scheme?

Not applicable.

If your country operates a balancing responsibility scheme, who is the balancing authority and do the generator and offtaker typically undertake balancing themselves?

Not applicable. 

Last modified 9 Feb 2021

Angola

Angola

What significant transactions/deals have taken place in the last 12-18 months?

Laúca Hydroelectric Power Plant

According to the Government, Laúca Hydroelectric Power Plant (“AH Laúca”) is the largest work in the country today. The Project was commissioned by the Angolan Executive, represented by the Ministry of Energy and Water, and is carried out by ODEBRECHT. COBA and LA MAYER carry out the supervision of the implementation of the project. When AH Laúca is 100% operational, it will produce more than twice as much energy as the other two dams already operating on the Kwanza River. This energy potential will serve 8 million people. AH Laúca will produce 8,643 GWh (gigawatts) of electricity, representing an installed capacity of 2,070 MW (megawatts).

The realization of the project demands great infrastructure support. Because of this, AH Laúca is today a city that is composed by: Leisure area; Sports area; Accommodations; Kitchen and Cafeterias and Medical Center.

AH Laúca is a pole of job and income generation. The project is also committed to providing opportunities for national talent. Today, the enterprise has 8,458 Members. Of these, 8,035 are national, which represents 95% of the entire productive force involved in the execution of the work. The remaining 423 are expatriates, a number that represents 5% of total members.

Through the Acreditar Program, the project offers basic and specific training to AH Laúca Members and also to the residents of the communities surrounding the construction site.

AH Laúca is 86% ahead of Civil Works, 72% ahead of Electromechanical Assembly and 14% in the Energy Transport System. Always overcoming challenges and fulfilling all the goals set with safety, quality and productivity.

2nd Hydroelectric Power Plant of Cambambe and Dam Alignment

With the conclusion of the Cambambe 2nd Power Station and the Dam Raising, it was possible to obtain an additional power of 780MW. This power is helping to reduce the energy supply deficit in the Provinces of Luanda, Kwanza Sul, Malanje, Uige, Kwanza Norte and Bengo.

It will also allow the interconnection of the North-Central Systems with the Benguela Province link, thus reducing production costs and the consumption of diesel for energy production.

More than 10,000 construction posts have been created as part of the temporary work in the rehabilitation, modernization and extension of the hydroelectric complex. The construction owner was GAMEK (Gabinete de Aproveitamento do Médio Kwanza) and the contractor was ODEBRECTH.

Solar village program

The main objective of the Solar Village Programme is electrification, through the installation of autonomous solar photovoltaic systems (isolated) in infrastructures Social, including: Schools; Medical Posts; Police Posts; Administrative Buildings; and, Social Jangos, including Public Lighting Posts.

In the 1st phase of the Programme, awarded to the company Elektra Electricidade e Águas, Lda, 11 localities were selected from 4 Provinces in the country: Bié, Kuando Kubango, Malange and Moxico. This phase has been completed since 2011, with a total of 156,660 Wp of 42 systems and 70 public lighting posts implemented.

In some cases, a system provides electricity to more than one infrastructure. So far, 50 infrastructures have benefited from the electricity supply, namely: 15 schools, 18 medical posts, 1 maternity ward, 1 police station, 1 police station, 9 administrative residences, 1 nurse's residence, 3 administrations.

In the 2nd phase of the Solar Village Programme, four companies were selected for the installation of a total of 75 systems and 160 streetlights.

As part of the 3rd phase of the Solar Village Programme, the project has already started after the Auto de Consignation signed with the Company LTP Energias S.A. The project will benefit the provinces of Kwanza Sul, Cuando Cubango and Lunda Sul, whose aim is to supply electricity to the communities with Solar Photovoltaic Systems of Auto-consumption Kits and Public Photovoltaic Lighting.

It is part of the energy and water sector action plan 2018-2002, to continue the Solar Village Programme and to ensure adequate maintenance of its infrastructure and test a new concept of a 100% solar mini network, based on batteries, to electrify the most isolated municipality headquarters, avoiding fuel logistics.

What transactions/deals are anticipated to come to market in the next 12-18 months?

See Past transactions

Last modified 9 Feb 2021