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August 20, 2021

Electricity procurement contracts down 9% in July 2021

Electricity procurement contracts in July 2021 saw 89 contracts announced, marking a drop of 9% over the last 12-month average of 98, 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: 82 contracts and a 92.1% share
  2. Electricity Supply: five contracts and a 5.6% share
  3. Project Implementation: two contracts and a 2.2% share.

North America leads electricity procurement activity in July 2021

Comparing contracts activity in electricity procurement segment in different regions of the globe, North America held the top position with 29 contracts and a share of 32.6% during July 2021, followed by Asia-Pacific with 28 contracts and a 31.5% share and Europe with 20 contracts and a 22.5% share.

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Solar is leading technology for electricity procurement contracts in July 2021

Among the technologies, solar accounted for 61 contracts with a 58.7% share, followed by wind with 29 contracts and a 27.9% share and hydro with eight contracts and a 7.7% share.

Electricity procurement contracts in July 2021: Top companies by capacity

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

  1. BSES Rajdhani Power (India) and BSES Yamuna Power (India): 510MW from one contract
  2. Maharashtra State Electricity Distribution (India): 500MW from two contracts
  3. Central Coast Community Energy: 488.3MW capacity from six contracts.

Electricity procurement contracts in July 2021: Top winners by capacity

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

  1. TotalEnergies (France): 546MW from two contracts
  2. Solar Energy Corporation of India (India): 510MW from one contract
  3. Abu Dhabi Future Energy (United Arab Emirates): 440MW capacity from two contracts.

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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