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

Electricity procurement contracts in Q2 2020 saw 170 contracts announced, marking a drop of 3% over the last four-quarter average of 175, according to GlobalData’s power industry contracts database.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all
  • Embed this chart

    Embed this chart into your website

    Copy and paste the code below into your website to display the chart.

The proportion of contracts by category tracked by GlobalData in the quarter was as follows:

  1. Power Purchase Agreement: 160 contracts and a 94.1% share
  2. Electricity Supply: eight contracts and a 4.7% share
  3. Project Implementation: two contracts and a 1.2% share.

North America leads electricity procurement activity in Q2 2020

Comparing contracts activity in electricity procurement segment in different regions of the globe, North America held the top position with 88 contracts and a share of 51.8% during Q2 2020, followed by Asia-Pacific with 31 contracts and an 18.2% share and Europe with 26 contracts and a 15.3% share.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
  • Embed this chart

    Embed this chart into your website

    Copy and paste the code below into your website to display the chart.

Solar is leading technology for electricity procurement contracts in Q2 2020

Among the technologies, solar accounted for 100 contracts with a 59.5% share, followed by wind with 45 contracts and a 26.8% share and hydro with 12 contracts and a 7.1% share.

Electricity procurement contracts in Q2 2020: Top issuers by capacity

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

  1. MP Power Management (India): 1,320MW from one contract
  2. Dubai Electricity and Water Authority (United Arab Emirates): 900MW from one contract
  3. Southern California Edison (United States): 870MW capacity from eight contracts.

Electricity procurement contracts in Q2 2020: Top winners by capacity

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

  1. Pench Thermal Energy (MP) (India): 1,320MW from one contract
  2. ACWA Power International (Saudi Arabia): 900MW from one contract
  3. NextEra Energy Resources L (United States): 585MW capacity from five 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.