Electricity procurement contracts down 22% in Q2 2019

5 September 2019 (Last Updated September 5th, 2019 10:28)

Electricity procurement contracts down 22% in Q2 2019

Electricity procurement contracts in Q2 2019 saw 171 contracts announced, marking a drop of 22% over the last four-quarter average of 219, according to GlobalData’s power industry contracts database.

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

  1. Power Purchase Agreement: 140 contracts and an 81.9% share
  2. Electricity Supply: 30 contracts and a 17.5% share
  3. Project Implementation: one contract and a 0.6% share.

North America leads electricity procurement activity in Q2 2019

Comparing contracts activity in electricity procurement segment in different regions of the globe, North America held the top position with 68 contracts and a share of 39.8% during Q2 2019, followed by Asia-Pacific with 47 contracts and a 27.5% share and Europe with 38 contracts and a 22.2% share.

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Solar is leading technology for electricity procurement contracts in Q2 2019

Among the technologies, solar accounted for 99 contracts with a 56.3% share, followed by wind with 60 contracts and a 34.1% share and hydro with six contracts and a 3.4% share.

Electricity procurement contracts in Q2 2019: Top companies by capacity

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

  1. Taiwan Power (Taiwan): 900MW from one contract
  2. South Bihar Power Distribution and North Bihar Power Distribution: 800MW from one contract
  3. BSES Rajdhani Power (India): 550MW capacity from one contract.

Electricity procurement contracts in Q2 2019: Top winners by capacity

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

  1. Solar Energy Corporation of India (India): 3,010MW from seven contracts
  2. Orsted (Denmark): 900MW from one contract
  3. Duke Energy Renewables (United States): 388MW 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.