Electricity procurement contracts up 2% in July 2020

20 August 2020 (Last Updated August 20th, 2020 15:11)

Electricity procurement contracts up 2% in July 2020

Electricity procurement contracts in July 2020 saw 58 contracts announced, marking a rise of 2% over the last 12-month average of 57, 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: 49 contracts and an 84.5% share
  2. Electricity Supply: eight contracts and a 13.8% share
  3. Project Implementation: one contract and a 1.7% share.

Europe leads electricity procurement activity in July 2020

Comparing contracts activity in electricity procurement segment in different regions of the globe, Europe held the top position with 19 contracts and a share of 32.8% during July 2020, followed by North America with 17 contracts and a 29.3% share and Asia-Pacific with 12 contracts and a 20.7% share.

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Solar is leading technology for electricity procurement contracts in July 2020

Among the technologies, solar accounted for 31 contracts with a 55.4% share, followed by wind with 18 contracts and a 32.1% share and thermal with three contracts and a 5.4% share.

Electricity procurement contracts in July 2020: Top issuers by capacity

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

  1. Emirates Water and Electricity (United Arab Emirates): 2,000MW from one contract
  2. Electric Power Generation Enterprise (Myanmar): 1,250MW from one contract
  3. Taiwan Semiconductor Manufacturing: 920MW capacity from one contract.

Electricity procurement contracts in July 2020: Top winners by capacity

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

  1. Abu Dhabi Future Energy (United Arab Emirates), Abu Dhabi National Energy (United Arab Emirates), EDF Renewables (France) and Jinko Power Technology (China): 2,000MW from one contract
  2. Marubeni (Japan), Mitsui & (Japan), Sumitomo (Japan) and Eden Group (Myanmar): 1,250MW from one contract
  3. Orsted (Denmark): 920MW 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.