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.

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

1. Power Purchase Agreement: 73 contracts and a 90.1% share
2. 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.

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:

1. Societe Nationale d’Electricite (Democratic Republic of the Congo): 1,000MW from one contract
2. NHPC (India): 680MW from two contracts
3. 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:

1. SkyPower (Canada): 1,000MW from one contract
2. NHPC (India): 400MW from one contract
3. 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.