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June 22, 2022

Electricity procurement contracts down 62% in May 2022

By Carmen

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.

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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.

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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.

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