Europe electricity procurement contracts activity up 24% in Q4 2019

24 February 2020 (Last Updated February 24th, 2020 06:42)

Europe electricity procurement contracts activity up 24% in Q4 2019

There were 47 electricity procurement contracts announced in the Europe region in Q4 2019, marking a rise of 24% 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 Q4 2019 with 132 contracts and a 34.3% share, followed by Generation Equipment with 97 contracts and a 25.2% share and T&D Equipment with 53 contracts and a 13.8% 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 an 80.9% share
  2. Project Implementation: seven contracts and a 14.9% share
  3. Electricity Supply: two contracts and a 4.3% share.

Solar is top technology for Europe electricity procurement contracts in Q4 2019

Looking at electricity procurement contracts by the type of technology in the Europe region, solar accounted for 25 contracts with a 50% share, followed by wind with 24 contracts and a 48% share and biopower with one contract and a 2% share.

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Europe electricity procurement contracts in Q4 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. Amazon Web Services (United States): 371MW from four contracts
  2. Statkraft (Norway): 252MW from one contract
  3. Danish Energy Agency (Denmark): 251.8MW capacity from seven contracts.

Europe electricity procurement contracts in Q4 2019: Top winners by capacity

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

  1. Solaria Energia y Medio Ambiente (Spain): 357MW from two contracts
  2. BP (United Kingdom): 172MW from two contracts
  3. Encavis (Germany): 149MW 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.