Europe electricity procurement contracts activity up 23% in Q3 2020

2 November 2020 (Last Updated November 2nd, 2020 02:33)

Europe electricity procurement contracts activity up 23% in Q3 2020

There were 48 electricity procurement contracts announced in the Europe region in Q3 2020, marking a rise of 23% over the last 12-month average of 39, 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 2020 with 231 contracts and a 40% share, followed by Generation Equipment with 124 contracts and a 21.5% share and T&D Equipment with 101 contracts and a 17.5% share during the quarter.

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

  1. Power Purchase Agreement: 38 contracts and a 79.2% share
  2. Electricity Supply: ten contracts and a 20.8% share.

Solar is top technology for Europe electricity procurement contracts in Q3 2020

Looking at electricity procurement contracts by the type of technology in the Europe region, solar accounted for 21 contracts with a 47.7% share, followed by wind with 18 contracts and a 40.9% share and thermal with two contracts and a 4.5% share.

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Europe electricity procurement contracts in Q3 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. Statkraft (Norway): 587MW from two contracts
  2. Danske Commodities (Denmark): 480MW from one contract
  3. Axpo Iberia (Spain): 150MW capacity from one contract.

Europe electricity procurement contracts in Q3 2020: Top winners by capacity

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

  1. Seagreen Wind Energy (United Kingdom): 537MW from one contract
  2. SSE Renewables (United Kingdom) and Equinor (Norway): 480MW from one contract
  3. Solaria Energia y Medio Ambiente (Spain): 150MW 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.