Electricity procurement contracts down 14% in Q4 2019

23 February 2020 (Last Updated February 18th, 2020 06:32)

Electricity procurement contracts down 14% in Q4 2019

Electricity procurement contracts in Q4 2019 saw 157 contracts announced, marking a drop of 14% over the last four-quarter average of 182, 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 89.2% share
  2. Project Implementation: nine contracts and a 5.7% share
  3. Electricity Supply: eight contracts and a 5.1% share.

Europe leads electricity procurement activity in Q4 2019

Comparing contracts activity in electricity procurement segment in different regions of the globe, Europe held the top position with 47 contracts and a share of 29.9% during Q4 2019, followed by North America with 47 contracts and a 29.9% share and Asia-Pacific with 33 contracts and a 21% share.

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Solar is leading technology for electricity procurement contracts in Q4 2019

Among the technologies, solar accounted for 93 contracts with a 57.4% share, followed by wind with 55 contracts and a 34% share and thermal with six contracts and a 3.7% share.

Electricity procurement contracts in Q4 2019: Top companies by capacity

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

  1. Electricity Generating Authority of Thailand (Thailand): 1,225MW from one contract
  2. Egyptian Electricity Transmission (Egypt): 900MW from three contracts
  3. Amazon Web Services (United States): 586MW capacity from five contracts.

Electricity procurement contracts in Q4 2019: Top winners by capacity

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

  1. Xayaburi Power (Laos): 1,225MW from one contract
  2. NextEra Energy Resources (United States): 760MW from four contracts
  3. AMEA Power (United Arab Emirates): 750MW capacity from three 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.