Electricity procurement contracts in January 2022 saw 67 contracts announced, marking a drop of 39% over the last 12-month average of 110, according to GlobalData’s power industry contracts database.

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

  1. Power Purchase Agreement: 66 contracts and a 98.5% share
  2. Electricity Supply: one contract and a 1.5% share.

North America leads electricity procurement activity in January 2022

Comparing contracts activity in electricity procurement segment in different regions of the globe, North America held the top position with 35 contracts and a share of 52.2% during January 2022, followed by Europe with 19 contracts and a 28.4% share and Asia-Pacific with 12 contracts and a 17.9% share.

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Solar is leading technology for electricity procurement contracts in January 2022

Among the technologies, solar accounted for 35 contracts with a 59.3% share, followed by wind with 21 contracts and a 35.6% share and thermal with one contract and a 1.7% share.

Electricity procurement contracts in January 2022: Top companies by capacity

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

  1. Pacific Gas and Electric (United States): 1,323.7MW from eight contracts
  2. Southern Power Distribution Company of Andhra Pradesh (India) and Eastern Power Distribution Co of Andhra Pradesh (India): 625MW from one contract
  3. Alcoa (United States): 573MW capacity from one contract.

Electricity procurement contracts in January 2022: Top winners by capacity

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

  1. Apex Clean Energy Holdings (United States) and Sembcorp India (India): 625MW from one contract
  2. Capital Energy (United States): 573MW from one contract
  3. Vistra Energy (United States): 350MW 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.