Electricity procurement contracts up 7% in June 2020

29 July 2020 (Last Updated August 3rd, 2020 14:43)

Electricity procurement contracts up 7% in June 2020

Electricity procurement contracts in June 2020 saw 59 contracts announced, marking a rise of 7% over the last 12-month average of 55, 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: 57 contracts and a 96.6% share
  2. Electricity Supply: two contracts and a 3.4% share.

North America leads electricity procurement activity in June 2020

Comparing contracts activity in electricity procurement segment in different regions of the globe, North America held the top position with 26 contracts and a share of 44.1% during June 2020, followed by Asia-Pacific with 13 contracts and a 22% share and Europe with 11 contracts and an 18.6% share.

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Solar is leading technology for electricity procurement contracts in June 2020

Among the technologies, solar accounted for 41 contracts with a 65.1% share, followed by wind with 19 contracts and a 30.2% share and thermal with one contract and a 1.6% share.

Electricity procurement contracts in June 2020: Top issuers by capacity

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

  1. JSC National Electric Grid of Uzbekistan: 500MW from one contract
  2. Tenaga Nasional (Malaysia): 490.88MW from five contracts
  3. Maharashtra State Electricity Distribution (India): 350MW capacity from one contract.

Electricity procurement contracts in June 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): 500MW from one contract
  2. Canadian Solar (Canada): 379MW from three contracts
  3. Avaada Power Pvt (India): 350MW 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.