RFP

Three of FirstEnergy Corp's Pennsylvania utilities have launched a request for proposals (RFP) for solar energy credits.

In the world of project finance, power purchase agreements are usually considered from the point of view of the project owner or lender. But in the last few years, more attention has started to be paid to the other end of the contract.

Portland General Electric says that its losses from "ill conceived" power market positions traders entered into earlier this year will total $128 million, after previously warning that the figure could reach $155 million.

Developer Belltown Power worked with Houston-based power advisory shop AB Power Advisors to secure power purchase agreements, including rare busbar deals, for a portfolio of solar assets in Texas that it recently sold.

Citi has signed a deal with an end customer to cover a portion of the output of a Texas wind project that was financed on the basis of a hedge provided by the bank last year.

Solar developer Ranger Power has signed a 35-year power purchase agreement with a utility company for the output of a 199 MW project in Indiana.

Electric co-operative CoServ Electric has signed a second power purchase agreement for an additional 26.5 MW from 7X Energy’s Lapetus solar project in Andrews County, Texas.

This week's PPA Pulse showcases the variety of end users procuring renewables, with deals involving social media company Facebook, chip maker Intel Corp., industrial gas producer Air Liquide, Brazilian telecom company The Claro Group and two universities.

Engie Resources, the North American commercial electric supply arm of Engie, has reached a deal to acquire an energy retailer based in Long Island, N.Y., from a private equity firm.

Following its acquisition by a "blank check" company, Ontario-based Spark Power Corp. has bought a major Canadian green energy marketer.