
Electricity procurement contracts in Q1 2021 saw 204 contracts announced, marking a rise of 2% over the last four-quarter average of 200, according to GlobalData’s power industry contracts database.
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The proportion of contracts by category tracked by GlobalData in the quarter was as follows:
- Power Purchase Agreement: 172 contracts and an 84.3% share
- Project Implementation: 18 contracts and an 8.8% share
- Electricity Supply: 14 contracts and a 6.9% share.
Asia-Pacific leads electricity procurement activity in Q1 2021
Comparing contracts activity in electricity procurement segment in different regions of the globe, Asia-Pacific held the top position with 71 contracts and a share of 34.8% during Q1 2021, followed by Europe with 61 contracts and a 29.9% share and North America with 59 contracts and a 28.9% share.
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Solar is leading technology for electricity procurement contracts in Q1 2021
Among the technologies, solar accounted for 132 contracts with a 58.4% share, followed by wind with 72 contracts and a 31.9% share and hydro with 12 contracts and a 5.3% share.
Electricity procurement contracts in Q1 2021: Top issuers by capacity
The top issuers of electricity procurement contracts for the quarter in terms of power capacity involved were:
- New York State Energy Research & Development Authority (United States): 2,490MW from one contract
- Manila Electric (Philippines): 1,800MW from two contracts
- Electricity Generating Authority of Thailand (Thailand): 1,730MW capacity from two contracts.
Electricity procurement contracts in Q1 2021: Top winners by capacity
The top winners of contracts for the quarter in terms of power capacity involved were:
- Equinor Wind US L (United States): 2,490MW from one contract
- Korea Gas (South Korea), Korea Western Power (South Korea) and TPI Polene Power (Thailand): 1,700MW from one contract
- San Miguel (Philippines): 1,200MW 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.