Electricity procurement contracts down 29% in July 2019

17 August 2019 (Last Updated August 19th, 2019 05:27)

Electricity procurement contracts down 29% in July 2019

Electricity procurement contracts in July 2019 saw 46 contracts announced, marking a drop of 29% over the last 12-month average of 65, 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: 41 contracts and an 89.1% share
  2. Electricity Supply: five contracts and a 10.9% share.

Asia-Pacific leads electricity procurement activity in July 2019

Comparing contracts activity in electricity procurement segment in different regions of the globe, Asia-Pacific held the top position with 17 contracts and a share of 37% during July 2019, followed by North America with 15 contracts and a 32.6% share and Europe with eight contracts and a 17.4% share.

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Solar is leading technology for electricity procurement contracts in July 2019

Among the technologies, solar accounted for 29 contracts with a 64.4% share, followed by wind with 11 contracts and a 24.4% share and thermal with two contracts and a 4.4% share.

Electricity procurement contracts in July 2019: Top companies by capacity

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

  1. Rajasthan Urja Vikas Nigam: 750MW from one contract
  2. Press Metal Aluminium Holdings: 500MW from one contract
  3. Solar Energy Corporation of India (India): 450MW capacity from one contract.

Electricity procurement contracts in July 2019: Top winners by capacity

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

  1. Solar Energy Corporation of India (India): 750MW from one contract
  2. Eden Renewable Cite Pvt (India): 716MW from four contracts
  3. Syarikat SESCO (Malaysia): 500MW 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.