Electricity procurement contracts in April 2021 saw 69 contracts announced, marking a drop of 19% over the last 12-month average of 85, 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: 60 contracts and an 87% share
  2. Electricity Supply: nine contracts and a 13% share.

North America leads electricity procurement activity in April 2021

Comparing contracts activity in electricity procurement segment in different regions of the globe, North America held the top position with 23 contracts and a share of 33.3% during April 2021, followed by Asia-Pacific with 17 contracts and a 24.6% share and Europe with 17 contracts and a 24.6% share.

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Solar is leading technology for electricity procurement contracts in April 2021

Among the technologies, solar accounted for 52 contracts with a 69.3% share, followed by wind with 20 contracts and a 26.7% share and thermal with three contracts and a 4% share.

Electricity procurement contracts in April 2021: Top issuers by capacity

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

  1. Saudi Power Procurement (Saudi Arabia): 2,970MW from seven contracts
  2. Taiwan Power (Taiwan): 640MW from one contract
  3. AzerEnerji (Azerbaijan): 230MW capacity from one contract.

Electricity procurement contracts in April 2021: Top winners by capacity

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

  1. ACWA Power International (Saudi Arabia): 2,500MW from four contracts
  2. The Saudi Public Investment Fund (Saudi Arabia): 1,500MW from one contract
  3. Al Babtain Contracting (Qatar) and Gulf Investment (Kuwait): 800MW 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.