Europe electricity procurement contracts activity up 75% in October 2019

28 November 2019 (Last Updated November 28th, 2019 07:38)

Europe electricity procurement contracts activity up 75% in October 2019

There were 21 electricity procurement contracts announced in the Europe region in October 2019, marking a rise of 75% over the last 12-month average of 12, according to GlobalData’s power industry contracts database.

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Power Plant stood at first place when compared with other power tender categories in the Europe region in October 2019 with 62 contracts and a 53.4% share, followed by Electricity Procurement with 21 contracts and an 18.1% share and Generation Equipment with 20 contracts and a 17.2% share during the month.

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

  1. Power Purchase Agreement: 19 contracts and a 90.5% share
  2. Electricity Supply: two contracts and a 9.5% share.

Wind is top technology for Europe electricity procurement contracts in October 2019

Looking at electricity procurement contracts by the type of technology in the Europe region, wind accounted for 11 contracts with a 52.4% share, followed by solar with nine contracts and a 42.9% share and biopower with one contract and a 4.8% share.

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Europe electricity procurement contracts in October 2019: Top companies by capacity

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

  1. Tesco (United Kingdom): 88.8MW from four contracts
  2. Neste (Finland): 63MW from one contract
  3. Axpo Finland (Finland) and Axpo Nordic (Norway): 60MW capacity from one contract.

Europe electricity procurement contracts in October 2019: Top winners by capacity

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

  1. ScottishPower Renewables (UK) (United Kingdom): 80MW from two contracts
  2. Fortum (Finland): 63MW from one contract
  3. OX2 Group (Sweden): 60MW 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.