Electricity procurement contracts down 5% in November 2020

16 December 2020 (Last Updated December 16th, 2020 03:38)

Electricity procurement contracts down 5% in November 2020

Electricity procurement contracts in November 2020 saw 59 contracts announced, marking a drop of 5% over the last 12-month average of 62, according to GlobalData’s power industry contracts database.

  • Embed this chart

    Embed this chart into your website

    Copy and paste the code below into your website to display the chart.

The proportion of contracts by category tracked by GlobalData in the month was as follows:

  1. Power Purchase Agreement: 53 contracts and an 89.8% share
  2. Electricity Supply: six contracts and a 10.2% share.

North America leads electricity procurement activity in November 2020

Comparing contracts activity in electricity procurement segment in different regions of the globe, North America held the top position with 23 contracts and a share of 39% during November 2020, followed by Europe with 18 contracts and a 30.5% share and Asia-Pacific with seven contracts and an 11.9% share.

  • Embed this chart

    Embed this chart into your website

    Copy and paste the code below into your website to display the chart.

Solar is leading technology for electricity procurement contracts in November 2020

Among the technologies, solar accounted for 44 contracts with a 66.7% share, followed by wind with 15 contracts and a 22.7% share and hydro with seven contracts and a 10.6% share.

Electricity procurement contracts in November 2020: Top issuers by capacity

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

  1. Orsted (Denmark): 960MW from one contract
  2. Furnas Centrais Eletricas (Brazil): 692MW from one contract
  3. Shell Energy Europe (United Kingdom) and SSE Energy Supply (United Kingdom): 480MW capacity from one contract.

Electricity procurement contracts in November 2020: Top winners by capacity

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

  1. Doggerbank Offshore Wind Farm Project one Projco (United Kingdom) and Doggerbank Offshore Wind Farm Project two Projco (United Kingdom): 1,920MW from three contracts
  2. Canadian Solar (Canada): 862MW from two contracts
  3. Invenergy L (United States): 325MW capacity from four contracts.

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.