Electricity procurement contracts down 5% in August 2020

17 September 2020 (Last Updated September 17th, 2020 14:28)

Electricity procurement contracts down 5% in August 2020
Oil and gas companies are making moves into the UK energy market.

Electricity procurement contracts in August 2020 saw 55 contracts announced, marking a drop of 5% over the last 12-month average of 58, according to GlobalData’s power industry contracts database.

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

  1. Power Purchase Agreement: 47 contracts and an 85.5% share
  2. Electricity Supply: eight contracts and a 14.5% share.

Asia-Pacific leads electricity procurement activity in August 2020

Comparing contracts activity in electricity procurement segment in different regions of the globe, Asia-Pacific held the top position with 21 contracts and a share of 38.2% during August 2020, followed by North America with 19 contracts and a 34.5% share and Europe with 12 contracts and a 21.8% share.

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Solar is leading technology for electricity procurement contracts in August 2020

Among the technologies, solar accounted for 34 contracts with a 61.8% share, followed by wind with 15 contracts and a 27.3% share and hydro with four contracts and a 7.3% share.

Electricity procurement contracts in August 2020: Top issuers by capacity

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

  1. MP Power Management (India): 1,000MW from one contract
  2. Facebook (United States): 503.8MW from four contracts
  3. Danske Commodities (Denmark): 480MW capacity from one contract.

Electricity procurement contracts in August 2020: Top winners by capacity

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

  1. NHPC (India): 1,300MW from two contracts
  2. SSE Renewables (United Kingdom) and Equinor (Norway): 480MW from one contract
  3. Goldwind Australia Pty (Australia) and Lacour Energy Pty (Australia): 348MW 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.