Electricity procurement contracts in May 2022 saw 35 contracts announced, marking a drop of 62% over the last 12-month average of 91, according to GlobalData’s power industry contracts database.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

  • Embed this chart

    Embed this chart into your website

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

The proportion of contracts by category tracked by GlobalData in the month was:Power Purchase Agreement with 35 contracts and a 100% share.

Asia-Pacific leads electricity procurement activity in May 2022

Comparing contracts activity in electricity procurement segment in different regions of the globe, Asia-Pacific held the top position with 12 contracts and a share of 34.3% during May 2022, followed by Europe with ten contracts and a 28.6% share and North America with nine contracts and a 25.7% share.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

  • Embed this chart

    Embed this chart into your website

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

Solar is leading technology for electricity procurement contracts in May 2022

Among the technologies, solar accounted for 28 contracts with a 73.7% share, followed by wind with nine contracts and a 23.7% share and thermal with one contract and a 2.6% share.

Electricity procurement contracts in May 2022: Top companies by capacity

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

  1. Vietnam Electricity (Vietnam): 1,200MW from one contract
  2. Amazon.com (United States): 450MW from one contract
  3. AEP Energy Partners (United States): 400MW capacity from one contract.

Electricity procurement contracts in May 2022: Top winners by capacity

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

  1. Vietnam National Oil and Gas Group (Vietnam): 1,200MW from one contract
  2. The AES (United States): 450MW from one contract
  3. Global Energy Generation (United States): 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.