Matrix Renewables supports Merck’s ESG goals with solar power supply. Illustration by Pexels.
Matrix Renewables, backed by TPG Rise, has signed a 10-year VPPA with Merck. Starting 2025, Matrix will provide Merck with 102 MW of solar energy from three new Spanish solar plants. This supports Merck’s goal of being climate-neutral by 2040 and sourcing 80% of electricity from renewables by 2030. Altenex Energy assisted Merck in the VPPA process.
VPPA = Virtual Power Purchase Agreement
Actualize Solar has signed five long-term PPAs in 2024, advancing its 1.5 GW solar project portfolio across six US states. (Image Source: Businesswire)
Located in Enna and Catani a, the 242.78 MW solar plant was designed to produce 400 GWh annually, meeting the needs of 154,000 households. (Inage Source: Iberdola)
Scatec has secured EUR 25 million from IFU, alongside equity and non-recourse debt, for its USD 85 million project financing. (Image Source: Scatec ASA)
EliTe Solar launched its 5 GW PV project in Egypt’s TEDA Suez Zone, set to begin production by September 2025. (Image Source: PRNewswire)
