Europe electricity procurement contracts activity down 37% in Q2 2020

20 August 2020 (Last Updated August 20th, 2020 15:17)

Europe electricity procurement contracts activity down 37% in Q2 2020

There were 26 electricity procurement contracts announced in the Europe region in Q2 2020, marking a drop of 37% over the last 12-month average of 41, 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 Q2 2020 with 294 contracts and a 48.7% share, followed by Generation Equipment with 121 contracts and a 20% share and T&D Equipment with 102 contracts and a 16.9% share during the quarter.

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

  1. Power Purchase Agreement: 22 contracts and an 84.6% share
  2. Electricity Supply: three contracts and an 11.5% share
  3. Project Implementation: one contract and a 3.8% share.

Wind is top technology for Europe electricity procurement contracts in Q2 2020

Looking at electricity procurement contracts by the type of technology in the Europe region, wind accounted for 16 contracts with a 53.3% share, followed by solar with 11 contracts and a 36.7% share and hydro with two contracts and a 6.7% share.

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Europe electricity procurement contracts in Q2 2020: Top issuers by capacity

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

  1. Lampiris (Belgium): 309MW from one contract
  2. Vattenfall (Sweden): 240MW from one contract
  3. Ministry of Infrastructure and Energy (Albania): 140MW capacity from one contract.

Europe electricity procurement contracts in Q2 2020: Top winners by capacity

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

  1. Otary RS (Belgium): 309MW from one contract
  2. Greencoat UK Wind (United Kingdom): 240MW from one contract
  3. Voltalia (France): 200.7MW 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.