North America electricity procurement contracts activity down 27% in Q4 2019

24 February 2020 (Last Updated February 24th, 2020 06:45)

North America electricity procurement contracts activity down 27% in Q4 2019
Oil and gas companies are making moves into the UK energy market.

There were 47 electricity procurement contracts announced in the North America region in Q4 2019, marking a drop of 27% over the last 12-month average of 64, according to GlobalData’s power industry contracts database.

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Electricity Procurement stood at first place when compared with other power tender categories in the North America region in Q4 2019 with 47 contracts and a 30.7% share, followed by Generation Equipment with 41 contracts and a 26.8% share and Power Plant with 38 contracts and a 24.8% share during the quarter.

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

  1. Power Purchase Agreement: 44 contracts and a 93.6% share
  2. Electricity Supply: two contracts and a 4.3% share
  3. Project Implementation: one contract and a 2.1% share.

Solar is top technology for North America electricity procurement contracts in Q4 2019

Looking at electricity procurement contracts by the type of technology in the North America region, solar accounted for 31 contracts with a 66% share, followed by wind with 12 contracts and a 25.5% share and biopower with two contracts and a 4.3% share.

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North America 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 North America were:

  1. Commonwealth of Virginia (United States): 420MW from one contract
  2. McDonald’s: 380MW from two contracts
  3. Walmart (United States): 366MW capacity from two contracts.

North America 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 North America were:

  1. NextEra Energy Resources (United States): 760MW from four contracts
  2. Dominion Energy (United States): 420MW from one contract
  3. ENGIE North America (United States): 366MW 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.