Electricity procurement contracts down 34% in Q3 2019

30 November 2019 (Last Updated December 16th, 2019 08:50)

Electricity procurement contracts down 34% in Q3 2019

Electricity procurement contracts in Q3 2019 saw 132 contracts announced, marking a drop of 34% over the last four-quarter average of 199, 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: 114 contracts and an 86.4% share
  2. Electricity Supply: 17 contracts and a 12.9% share
  3. Project Implementation: one contract and a 0.8% share.

North America leads electricity procurement activity in Q3 2019

Comparing contracts activity in electricity procurement segment in different regions of the globe, North America held the top position with 52 contracts and a share of 39.4% during Q3 2019, followed by Asia-Pacific with 42 contracts and a 31.8% share and Europe with 23 contracts and a 17.4% share.

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Solar is leading technology for electricity procurement contracts in Q3 2019

Among the technologies, solar accounted for 77 contracts with a 58.8% share, followed by wind with 42 contracts and a 32.1% share and thermal with six contracts and a 4.6% share.

Electricity procurement contracts in Q3 2019: Top companies by capacity

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

  1. Manila Electric (Philippines): 1,200MW from three contracts
  2. Monterey Bay Community Power (United States): 1,000MW from one contract (MoU signed)
  3. AT&T (United States): 960MW capacity from two contracts.

Electricity procurement contracts in Q3 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): 1,680MW from four contracts
  2. Castle Wind (United States): 1,000MW from one contract (MoU signed)
  3. Invenergy (United States): 800MW 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.