Electricity procurement tenders in Q1 2022 saw 23 tenders announced, marking a drop of 44% over the last four-quarter average of 41, according to GlobalData’s power industry tenders database.

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

  1. Electricity Supply: 20 tenders and an 87% share
  2. Power Purchase Agreement: three tenders and a 13% share.

Europe leads electricity procurement activity in Q1 2022

Comparing tenders activity in electricity procurement segment in different regions of the globe, Europe held the top position with 18 tenders and a share of 78.3% during Q1 2022, followed by North America with three tenders and a 13% share and Asia-Pacific with two tenders and an 8.7% share.

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Solar is leading technology for electricity procurement tenders in Q1 2022

Among the technologies, solar accounted for 11 tenders with a 42.3% share, followed by wind with seven tenders and a 26.9% share and thermal with five tenders and a 19.2% share.

Electricity procurement tenders in Q1 2022: Top companies by capacity

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

  1. Bundesnetzagentur (Germany): 10,700MW from 15 tenders
  2. Indiana Michigan Power (United States): 1,300MW from one tender
  3. Appalachian Power (United States): 1,100MW capacity from one tender.

All publicly-announced tenders 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 tenders are available for subscribers to GlobalData’s Power database.