Electricity procurement contracts up 35% in September 2020
Electricity procurement contracts in September 2020 saw 81 contracts announced, marking a rise of 35% 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:
- Power Purchase Agreement: 73 contracts and a 90.1% share
- Electricity Supply: eight contracts and a 9.9% share.
Asia-Pacific leads electricity procurement activity in September 2020
Comparing contracts activity in electricity procurement segment in different regions of the globe, Asia-Pacific held the top position with 28 contracts and a share of 34.6% during September 2020, followed by North America with 27 contracts and a 33.3% share and Europe with 14 contracts and a 17.3% share.
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Solar is leading technology for electricity procurement contracts in September 2020
Among the technologies, solar accounted for 57 contracts with a 61.3% share, followed by wind with 21 contracts and a 22.6% share and thermal with six contracts and a 6.5% share.
Electricity procurement contracts in September 2020: Top issuers by capacity
The top issuers of electricity procurement contracts for the month in terms of power capacity involved were:
- Societe Nationale d’Electricite (Democratic Republic of the Congo): 1,000MW from one contract
- NHPC (India): 680MW from two contracts
- Chhattisgarh State Power Distribution (India): 400MW capacity from one contract.
Electricity procurement contracts in September 2020: Top winners by capacity
The top winners of contracts for the month in terms of power capacity involved were:
- SkyPower (Canada): 1,000MW from one contract
- NHPC (India): 400MW from one contract
- O2 Power Pvt (India): 380MW 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.