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

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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.