North America electricity procurement contracts activity up 23% in September 2020

22 October 2020 (Last Updated October 22nd, 2020 03:55)

North America electricity procurement contracts activity up 23% in September 2020
Oil and gas companies are making moves into the UK energy market.

There were 27 electricity procurement contracts announced in the North America region in September 2020, marking a rise of 23% over the last 12-month average of 22, 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 North America region in September 2020 with 28 contracts and a 31.1% share, followed by Electricity Procurement with 27 contracts and a 30% share and Power Plant with 13 contracts and a 14.4% share during the month.

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

  1. Power Purchase Agreement: 23 contracts and an 85.2% share
  2. Electricity Supply: four contracts and a 14.8% share.

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

Looking at electricity procurement contracts by the type of technology in the North America region, solar accounted for 20 contracts with a 62.5% share, followed by wind with seven contracts and a 21.9% share and hydro with two contracts and a 6.3% share.

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North America electricity procurement contracts in September 2020: Top issuers by capacity

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

  1. Clean Power Alliance (United States): 364.9MW from two contracts
  2. General Motors (United States): 180MW from one contract
  3. Rocky Mountain Power (United States): 155MW capacity from two contracts.

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

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

  1. 8minute Solar Energy L (United States): 300MW from one contract
  2. DE Shaw Renewable Investments L (United States): 205MW from three contracts
  3. First Solar (United States): 180MW 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.