There were 34 electricity procurement contracts announced in the Europe region in Q2 2022, marking a drop of 66% over the last four-quarter average of 99, according to GlobalData’s power industry contracts database.

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Power Plant stood at first place when compared with other power tender categories in the Europe region in Q2 2022 with 62 contracts and a 27.2% share, followed by Generation Equipment with 50 contracts and a 21.9% share and T&D Equipment with 42 contracts and an 18.4% share during the quarter.

The proportion of contracts by category tracked by GlobalData in the quarter was as follows:

  1. Power Purchase Agreement: 33 contracts and a 97.1% share
  2. Electricity Supply: one contract and a 2.9% share.

Solar is top technology for Europe electricity procurement contracts in Q2 2022

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Looking at electricity procurement contracts by the type of technology in the Europe region, solar accounted for 22 contracts with a 62.9% share, followed by wind with 12 contracts and a 34.3% share and hydro with one contract and a 2.9% share.

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Europe electricity procurement contracts in Q2 2022: Top companies by capacity

The top issuers of electricity procurement contracts for the quarter in terms of power capacity involved in Europe were:

  1. Meta Platforms (United States): 210MW from one contract
  2. Uniper (Germany): 198MW from one contract
  3. Axpo Polska (Poland): 165.6MW capacity from two contracts.

Europe electricity procurement contracts in Q2 2022: Top winners by capacity

The top winners of contracts for the quarter in terms of power capacity involved in Europe were:

  1. Ocean Winds (Spain): 350MW from one contract
  2. Luxcara (Germany): 210MW from one contract
  3. Enerparc (Germany): 198MW capacity from one contract.

All publicly-announced contracts are included in this analysis drawn from GlobalData’s Power database, which covers power plants, T&D projects, equipment markets, analysis reports, capacity and generation, and tracks tenders and contracts on a real-time basis.

More in-depth reports and analysis on all reported contracts are available for subscribers to GlobalData’s Power database.