Oil and gas companies are making moves into the UK energy market.

Electricity procurement contracts in December 2020 saw 62 contracts announced, marking a drop of 3% over the last 12-month average of 64, 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: 59 contracts and a 95.2% share
  2. Electricity Supply: three contracts and a 4.8% share.

North America leads electricity procurement activity in December 2020

Comparing contracts activity in electricity procurement segment in different regions of the globe, North America held the top position with 21 contracts and a share of 33.9% during December 2020, followed by Europe with 19 contracts and a 30.6% share and Asia-Pacific with 14 contracts and a 22.6% share.

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Solar is leading technology for electricity procurement contracts in December 2020

Among the technologies, solar accounted for 36 contracts with a 54.5% share, followed by wind with 25 contracts and a 37.9% share and thermal with three contracts and a 4.5% share.

Electricity procurement contracts in December 2020: Top issuers by capacity

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

  1. Maharashtra State Electricity Distribution (India): 3,085MW from one contract
  2. Amazon Web Services (United States): 1,945MW from seven contracts
  3. Electricidade De Mozambique EP (Mozambique): 450MW capacity from one contract.

Electricity procurement contracts in December 2020: Top winners by capacity

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

  1. Adani Power Maharashtra (India): 3,085MW from one contract
  2. Engie (France): 650MW from three contracts
  3. Acciona Energia (Spain): 641MW 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.