Electricity procurement contracts down 18% in September 2019

22 October 2019 (Last Updated October 22nd, 2019 12:48)

Electricity procurement contracts down 18% in September 2019

Electricity procurement contracts in September 2019 saw 49 contracts announced, marking a drop of 18% over the last 12-month average of 60, 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: 38 contracts and a 77.6% share
  2. Electricity Supply: 11 contracts and a 22.4% share.

North America leads electricity procurement activity in September 2019

Comparing contracts activity in electricity procurement segment in different regions of the globe, North America held the top position with 24 contracts and a share of 49% during September 2019, followed by Europe with 11 contracts and a 22.4% share and Asia-Pacific with nine contracts and an 18.4% share.

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Solar is leading technology for electricity procurement contracts in September 2019

Among the technologies, solar accounted for 28 contracts with a 59.6% share, followed by wind with 17 contracts and a 36.2% share and ocean power with one contract and a 2.1% share.

Electricity procurement contracts in September 2019: Top companies by capacity

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

  1. Manila Electric (Philippines): 1,200MW from three contracts
  2. AT&T (United States): 960MW from two contracts
  3. Rajasthan Urja Vikas Nigam (India): 680MW capacity from one contract.

Electricity procurement contracts in September 2019: Top winners by capacity

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

  1. Solar Energy Corporation of India (India): 930MW from three contracts
  2. Invenergy (United States): 800MW from one contract
  3. 8minute Solar Energy (United States): 400MW capacity from two 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.