North America electricity procurement contracts activity down 21% in Q1 2020

24 April 2020 (Last Updated April 24th, 2020 14:18)

North America electricity procurement contracts activity down 21% in Q1 2020

There were 46 electricity procurement contracts announced in the North America region in Q1 2020, marking a drop of 21% over the last 12-month average of 58, according to GlobalData’s power industry contracts database.

  • Embed this chart

    Embed this chart into your website

    Copy and paste the code below into your website to display the chart.

Power Plant stood at first place when compared with other power tender categories in the North America region in Q1 2020 with 62 contracts and a 26.8% share, followed by Electricity Procurement with 46 contracts and a 19.9% share and T&D Equipment with 43 contracts and an 18.6% share during the quarter.

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

  1. Power Purchase Agreement: 40 contracts and an 87% share
  2. Electricity Supply: six contracts and a 13% share.

Solar is top technology for North America electricity procurement contracts in Q1 2020

Looking at electricity procurement contracts by the type of technology in the North America region, solar accounted for 32 contracts with a 68.1% share, followed by wind with ten contracts and a 21.3% share and geothermal with four contracts and an 8.5% share.

  • Embed this chart

    Embed this chart into your website

    Copy and paste the code below into your website to display the chart.

North America electricity procurement contracts in Q1 2020: Top companies by capacity

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

  1. Tri-State Generation and Transmission Association (United States): 815MW from six contracts
  2. Seminole Electric Cooperative, (United States): 298MW from one contract
  3. Evergy (United States): 283.1MW capacity from two contracts.

North America electricity procurement contracts in Q1 2020: Top winners by capacity

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

  1. Juwi (United States): 415MW from four contracts
  2. NextEra Energy (United States): 298MW from one contract
  3. NextEra Energy Resources L (United States): 203MW capacity from two contracts.

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.