Electricity procurement contracts down 3% in October 2019

26 November 2019 (Last Updated November 26th, 2019 06:30)

Electricity procurement contracts down 3% in October 2019

Electricity procurement contracts in October 2019 saw 57 contracts announced, marking a drop of 3% 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: 53 contracts and a 93% share
  2. Electricity Supply: three contracts and a 5.3% share
  3. Project Implementation: one contract and a 1.8% share.

Europe leads electricity procurement activity in October 2019

Comparing contracts activity in electricity procurement segment in different regions of the globe, Europe held the top position with 21 contracts and a share of 36.8% during October 2019, followed by North America with 17 contracts and a 29.8% share and Asia-Pacific with 13 contracts and a 22.8% share.

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Solar is leading technology for electricity procurement contracts in October 2019

Among the technologies, solar accounted for 32 contracts with a 53.3% share, followed by wind with 21 contracts and a 35% share and thermal with three contracts and a 5% share.

Electricity procurement contracts in October 2019: Top companies by capacity

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

  1. Commonwealth of Virginia (United States): 420MW from one contract
  2. Walmart (United States): 366MW from two contracts
  3. Clean Power Alliance (United States): 300MW capacity from one contract.

Electricity procurement contracts in October 2019: Top winners by capacity

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

  1. Dominion Energy (United States): 420MW from one contract
  2. ENGIE North America (United States): 366MW from two contracts
  3. NextEra Energy Resources (United States): 300MW 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.