Electricity procurement contracts down 38% in March 2020

24 April 2020 (Last Updated April 24th, 2020 14:23)

Electricity procurement contracts down 38% in March 2020

Electricity procurement contracts in March 2020 saw 34 contracts announced, marking a drop of 38% 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: 33 contracts and a 97.1% share
  2. Electricity Supply: one contract and a 2.9% share.

Asia-Pacific leads electricity procurement activity in March 2020

Comparing contracts activity in electricity procurement segment in different regions of the globe, Asia-Pacific held the top position with 14 contracts and a share of 41.2% during March 2020, followed by North America with eight contracts and a 23.5% share and Europe with seven contracts and a 20.6% share.

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Solar is leading technology for electricity procurement contracts in March 2020

Among the technologies, solar accounted for 22 contracts with a 61.1% share, followed by wind with nine contracts and a 25% share and thermal with two contracts and a 5.6% share.

Electricity procurement contracts in March 2020: Top companies by capacity

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

  1. Ministry of Energy of the Republic of Uzbekistan (Uzbekistan): 1,500MW from one contract
  2. CleanCo Queensland: 400MW from one contract
  3. Anglo American (United Kingdom): 330MW capacity from one contract.

Electricity procurement contracts in March 2020: Top winners by capacity

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

  1. ACWA Power International (Saudi Arabia): 1,500MW from one contract
  2. Acciona (Spain): 400MW from one contract
  3. Atlas Renewable Energy (Chile): 330MW 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.