Europe electricity procurement contracts activity down 39% in Q3 2019

18 November 2019 (Last Updated November 18th, 2019 12:04)

Europe electricity procurement contracts activity down 39% in Q3 2019

There were 23 electricity procurement contracts announced in the Europe region in Q3 2019, marking a drop of 39% over the last 12-month average of 38, 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 Q3 2019 with 188 contracts and a 58% share, followed by Generation Equipment with 70 contracts and a 21.6% share and Electricity Procurement with 23 contracts and a 7.1% 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 a 95.7% share
  2. Electricity Supply: one contract and a 4.3% share.

Solar is top technology for Europe electricity procurement contracts in Q3 2019

Looking at electricity procurement contracts by the type of technology in the Europe region, solar accounted for 11 contracts with a 50% share, followed by wind with ten contracts and a 45.5% share and ocean power with one contract and a 4.5% share.

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Europe electricity procurement contracts in Q3 2019: Top companies by capacity

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

  1. Eneco Holding (Netherlands): 382.7MW from one contract
  2. Danske Commodities (Denmark): 281MW from one contract
  3. Google (United States): 212MW capacity from two contracts.

Europe electricity procurement contracts in Q3 2019: Top winners by capacity

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

  1. Windpark Fryslan (Netherlands): 382.7MW from one contract
  2. Dudgeon Offshore Wind (United Kingdom): 281MW from one contract
  3. Prokon Wind Energy Finland (Finland): 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.