Europe electricity procurement contracts activity up 19% in Q1 2020

24 April 2020 (Last Updated April 24th, 2020 14:17)
Europe electricity procurement contracts activity up 19% in Q1 2020

There were 43 electricity procurement contracts announced in the Europe region in Q1 2020, marking a rise of 19% over the last 12-month average of 36, 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 Q1 2020 with 131 contracts and a 36.6% share, followed by Generation Equipment with 84 contracts and a 23.5% share and Electricity Procurement with 43 contracts and a 12% share during the quarter.

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

  1. Power Purchase Agreement: 37 contracts and an 86% share
  2. Electricity Supply: six contracts and a 14% share.

Solar is top technology for Europe electricity procurement contracts in Q1 2020

Looking at electricity procurement contracts by the type of technology in the Europe region, solar accounted for 23 contracts with a 41.8% share, followed by wind with 20 contracts and a 36.4% share and hydro with seven contracts and a 12.7% share.

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Europe electricity procurement contracts in Q1 2020: Top companies by capacity

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

  1. BP (United Kingdom): 250MW from one contract
  2. Urzad Regulacji Energetyki (Poland): 230MW from three contracts
  3. Anheuser-Busch InBev (Belgium): 130MW capacity from one contract.

Europe electricity procurement contracts in Q1 2020: Top winners by capacity

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

  1. Lightsource BP Renewable Energy Investments (United Kingdom): 250MW from one contract
  2. Eurowind Energy (Denmark): 152MW from one contract
  3. BayWa r.e. Renewable Energy (Germany): 130MW 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.