There were 73 electricity procurement contracts announced in the Europe region in Q3 2022, marking a drop of 15% over the last four-quarter average of 86, according to GlobalData ‘s power industry contracts database.

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Electricity Procurement stood at first place when compared with other power tender categories in the Europe region in Q3 2022 with 73 contracts and a 60.3% share, followed by Power Plant with 21 contracts and a 17.4% share and Generation Equipment with 17 contracts and a 14% share during the quarter.

The proportion of contracts by category tracked by GlobalData in the quarter was:Power Purchase Agreement with 73 contracts and a 100% share.

Solar is top technology for Europe electricity procurement contracts in Q3 2022

Looking at electricity procurement contracts by the type of technology in the Europe region, solar accounted for 32 contracts with a 44.4% share, followed by wind with 32 contracts and a 44.4% share and ocean power with four contracts and a 5.6% share.

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Europe electricity procurement contracts in Q3 2022: Top companies by capacity

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

  1. Department for Business, Energy and Industrial Strategy (United Kingdom): 9,213.6MW from 43 contracts
  2. PepsiCo (United States): 590MW from one contract
  3. Legnica Special Economic Zone: 200MW capacity from one contract.

Europe electricity procurement contracts in Q3 2022: Top winners by capacity

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

  1. Orsted (Denmark): 2,852MW from one contract
  2. Norfolk Boreas (United Kingdom): 1,396MW from one contract
  3. East Anglia Three (United Kingdom): 1,372.34MW 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.