Electricity procurement contracts down 39% in November 2019

23 December 2019 (Last Updated December 23rd, 2019 11:04)

Electricity procurement contracts down 39% in November 2019

Electricity procurement contracts in November 2019 saw 36 contracts announced, marking a drop of 39% over the last 12-month average of 59, 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: 35 contracts and a 97.2% share
  2. Electricity Supply: one contract and a 2.8% share.

North America leads electricity procurement activity in November 2019

Comparing contracts activity in electricity procurement segment in different regions of the globe, North America held the top position with 18 contracts and a share of 50% during November 2019, followed by Asia-Pacific with eight contracts and a 22.2% share and Europe with five contracts and a 13.9% share.

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Solar is leading technology for electricity procurement contracts in November 2019

Among the technologies, solar accounted for 22 contracts with a 59.5% share, followed by wind with 11 contracts and a 29.7% share and hydro with two contracts and a 5.4% share.

Electricity procurement contracts in November 2019: Top companies by capacity

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

  1. Electricity Generating Authority of Thailand (Thailand): 1,225MW from one contract
  2. McDonald’s: 380MW from two contracts
  3. Salt River Project Agricultural Improvement And Power District (United States): 338MW capacity from one contract.

Electricity procurement contracts in November 2019: Top winners by capacity

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

  1. Xayaburi Power (Laos): 1,225MW from one contract
  2. NextEra Energy Resources (United States): 360MW from two contracts
  3. Ares Management (United States): 220MW 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.