North America electricity procurement contracts activity up 50% in May 2020

There were 30 electricity procurement contracts announced in the North America region in May 2020, marking a rise of 50% over the last 12-month average of 20, according to GlobalData’s power industry contracts database.

Electricity Procurement stood at first place when compared with other power tender categories in the North America region in May 2020 with 30 contracts and a 35.3% share, followed by Power Plant with 17 contracts and a 20% share and Energy Storage with 16 contracts and an 18.8% share during the month.

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

1. Power Purchase Agreement: 28 contracts and a 93.3% share
2. Electricity Supply: two contracts and a 6.7% share.

Solar is top technology for North America electricity procurement contracts in May 2020

Looking at electricity procurement contracts by the type of technology in the North America region, solar accounted for 17 contracts with a 70.8% share, followed by hydro with three contracts and a 12.5% share and wind with three contracts and a 12.5% share.

North America electricity procurement contracts in May 2020: Top companies by capacity

The top issuers of electricity procurement contracts for the month in terms of power capacity involved in North America were:

1. Southern California Edison (United States): 870MW from eight contracts
2. Portland General Electric (United States): 221MW from two contracts
3. Puget Sound Energy (United States), Redwood Coast Energy Authority (United States), Big Rivers Electric (United States) and General Motors (United States): 100MW capacity from one contract.

North America electricity procurement contracts in May 2020: Top winners by capacity

The top winners of contracts for the month in terms of power capacity involved in North America were:

1. NextEra Energy Resources L (United States): 585MW from five contracts
2. Public Utility District No. one of Douglas County (United States) and Southern Power (United States): 160MW from one contract
3. Strata Solar L (United States), Tennessee Valley Authority (United States), Bonneville Power Administration (United States), Community Energy (United States), EDP Renewables North America L (United States) and LS Power Development, L (United States): 100MW 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.