Electricity procurement contracts up 21% in January 2020

26 February 2020 (Last Updated February 26th, 2020 06:08)

Electricity procurement contracts up 21% in January 2020

Electricity procurement contracts in January 2020 saw 63 contracts announced, marking a rise of 21% over the last 12-month average of 52, 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: 54 contracts and an 85.7% share
  2. Electricity Supply: nine contracts and a 14.3% share.

North America leads electricity procurement activity in January 2020

Comparing contracts activity in electricity procurement segment in different regions of the globe, North America held the top position with 24 contracts and a share of 38.1% during January 2020, followed by Asia-Pacific with 16 contracts and a 25.4% share and Europe with 15 contracts and a 23.8% share.

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Solar is leading technology for electricity procurement contracts in January 2020

Among the technologies, solar accounted for 37 contracts with a 54.4% share, followed by wind with 19 contracts and a 27.9% share and hydro with eight contracts and an 11.8% share.

Electricity procurement contracts in January 2020: Top companies by capacity

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

  1. Tri-State Generation and Transmission Association (United States): 815MW from six contracts
  2. Qatar General Electricity and Water (Qatar): 800MW from one contract
  3. Telangana Southern Power Distribution (India): 400MW capacity from one contract.

Electricity procurement contracts in January 2020: Top winners by capacity

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

  1. Marubeni (Japan), Qatar Electricity & Water Co QPSC (Qatar), Qatar Petroleum (Qatar) and Total Solar International (France): 800MW from one contract
  2. Juwi (United States): 415MW from four contracts
  3. Solar Energy Corporation of India (India): 400MW 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.