Australian energy retailer SmartestEnergy has signed a long-term power purchase agreement (PPA) with renewable energy project owner Octopus Group to offtake 25% generation from a solar farm.
Green hydrogen electrolysis is emerging as a potential solution to curtailment, taking excess solar and converting it into hydrogen for either long-duration storage or use by other industries, writes Alissa Tripp, senior research and commercial analyst at Octopus Hydrogen.
Clean energy investor Octopus Investments Australia has launched a AU$10 billion (US$6.9 billion) platform that will finance renewables assets and has already acquired Australia’s largest operational solar project.
UK energy supplier Octopus Energy is to take on Octopus Renewable’s assets as part of an internal transaction that will see it become on of Europe’s largest renewable energy generators.
