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Europe electricity procurement contracts activity up 11% in Q4 2020

20 Jan 2021 (Last Updated January 20th, 2021 01:54)

Europe electricity procurement contracts activity up 11% in Q4 2020
Oil and gas companies are making moves into the UK energy market.

There were 49 electricity procurement contracts announced in the Europe region in Q4 2020, marking a rise of 11% over the last four-quarter average of 44, according to GlobalData’s power industry contracts database.

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Generation Equipment stood at first place when compared with other power tender categories in the Europe region in Q4 2020 with 125 contracts and a 29.1% share, followed by T&D Equipment with 85 contracts and a 19.8% share and Power Plant with 77 contracts and a 17.9% share during the quarter.

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

  1. Power Purchase Agreement: 45 contracts and a 91.8% share
  2. Electricity Supply: four contracts and an 8.2% share.

Wind is top technology for Europe electricity procurement contracts in Q4 2020

Looking at electricity procurement contracts by the type of technology in the Europe region, wind accounted for 28 contracts with a 50% share, followed by solar with 20 contracts and a 35.7% share and hydro with seven contracts and a 12.5% share.

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Europe electricity procurement contracts in Q4 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. Orsted (Denmark): 1,285MW from two contracts
  2. Amazon Web Services (United States): 735MW from five contracts
  3. SSE Energy Supply (United Kingdom) and Shell Energy Europe (United Kingdom): 480MW capacity from one contract.

Europe electricity procurement contracts in Q4 2020: Top winners by capacity

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

  1. Doggerbank Offshore Wind Farm Project one Projco (United Kingdom) and Doggerbank Offshore Wind Farm Project two Projco (United Kingdom): 1,920MW from three contracts
  2. BP (United Kingdom): 404MW from two contracts
  3. Green Choice (Netherlands): 325MW 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.