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April 11, 2022

Electricity procurement tenders down 44% in Q1 2022

By Carmen

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.

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Free Report
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Battery energy storage will be the key to energy transition – find out how

The market for battery energy storage is estimated to grow to $10.84bn in 2026. The fall in battery technology prices and the increasing need for grid stability are just two reasons GlobalData have predicted for this growth, with the integration of renewable power holding significant sway over the power market. Over the last decade, various new digital and smart technologies have been integrated, with countries aggressively promoting the modernization of grids, enhancing the grids’ capability to meet present and future requirements. As part of the effort, batteries are being deployed for a wide range of uses. A few such uses include aiding smart grids, integrating renewables, and creating responsive electricity markets. Read this report for expert insights into:
  • Market size and growth
  • Key drivers and restraints
  • Regional trends
  • The impact of the commodity price increase on the battery prices
Get ahead of this growing market and win big by utilizing our report.
by GlobalData
Enter your details here to receive your free Report.

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