Electricity procurement contracts in Q4 2021 saw 301 contracts announced, marking a drop of 4% over the last four-quarter average of 314, according to GlobalData’s power industry contracts database.

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

  1. Power Purchase Agreement: 200 contracts and a 66.4% share
  2. Project Implementation: 92 contracts and a 30.6% share
  3. Electricity Supply: nine contracts and a 3% share.

Europe leads electricity procurement activity in Q4 2021

Comparing contracts activity in electricity procurement segment in different regions of the globe, Europe held the top position with 151 contracts and a share of 50.2% during Q4 2021, followed by Asia-Pacific with 70 contracts and a 23.3% share and North America with 52 contracts and a 17.3% share.

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Solar is leading technology for electricity procurement contracts in Q4 2021

Among the technologies, solar accounted for 194 contracts with a 60.1% share, followed by wind with 109 contracts and a 33.7% share and hydro with nine contracts and a 2.8% share.

Electricity procurement contracts in Q4 2021: Top companies by capacity

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

  1. Solar Energy Corporation of India (India): 8,100MW from five contracts
  2. Ministry for the Ecological Transition and Demographic Challenge (Spain): 3,113.1MW from 90 contracts
  3. Amazon Web Services (United States): 2,244MW capacity from seven contracts.

Electricity procurement contracts in Q4 2021: Top winners by capacity

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

  1. Adani Green Energy (India): 5,000MW from two contracts
  2. Azure Power (India): 3,100MW from three contracts
  3. RWE (Germany): 1,400MW 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.