Today’s renewable energy news includes announcements on Ahold Delhaize, Shikun & Binui Energy, SECI, among others.
Ahold Delhaize Signs Virtual PPA for Finnish Wind Power
Ahold Delhaize has signed a virtual power purchase agreement (vPPA) linked to a Finnish wind power project, advancing its corporate renewable energy strategy. The agreement leverages onshore wind technology to deliver long-term, price-stable renewable electricity attributes without physical delivery. Innovation lies in the use of a vPPA structure, enabling corporate buyers to hedge power price risk while supporting new renewable capacity. From an investment perspective, the contract underpins project bankability and facilitates financing of wind assets. Consumer benefits include reduced supply-chain emissions and more sustainable retail operations, supporting climate-conscious customers. Strategically, the deal aligns with Ahold Delhaize’s decarbonisation goals and Science Based Targets. The agreement supports growth plans for corporate PPAs in Europe, expanding demand-led renewable development in the Nordic region.
Shikun & Binui Energy to Build 150-MW Solar-Plus-Storage Plant in Israel
Shikun & Binui Energy plans to develop a 150-MW solar photovoltaic plant integrated with battery energy storage in Israel, strengthening the country’s clean energy capacity. The project will deploy utility-scale solar PV combined with advanced battery storage technology to deliver reliable, dispatchable renewable power. Innovation is reflected in the hybrid configuration, which improves grid flexibility, reduces intermittency, and supports peak demand management. From an investment perspective, the project represents a significant capital commitment to Israel’s energy transition and enhances long-term revenue visibility. Consumer benefits include increased access to low-carbon electricity, improved grid stability, and greater energy security. Strategically, the development aligns with Israel’s renewable targets and Shikun & Binui Energy’s focus on integrated solar-and-storage solutions. The project supports the company’s growth plans, expanding its operational portfolio and expertise in hybrid renewable assets.
SECI Invites Bids for 1 GW of Renewable Power from Indian Energy Parks
India’s Solar Energy Corporation of India (SECI) has invited bids to procure 1 GW of renewable electricity from projects located in renewable energy parks across the country, reinforcing large-scale clean power deployment. The tender will rely on proven utility-scale solar and wind technologies, ensuring cost-effective and reliable generation. Innovation is reflected in the use of energy parks, which streamline land access, grid connectivity, and permitting, reducing project risk. From an investment perspective, the long-term power offtake framework improves bankability and attracts private capital. Consumer benefits include access to affordable, low-carbon electricity and enhanced energy security. Strategically, the tender supports India’s national decarbonisation targets and SECI’s role as a market enabler. The initiative underpins growth plans, accelerating capacity additions and strengthening India’s renewable energy ecosystem.
FAHEEMA P