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March 14, 2022

Europe electricity procurement contracts activity down 36% in February 2022

There were 25 electricity procurement contracts announced in the Europe region in February 2022, marking a drop of 36% over the last 12-month average of 39, according to GlobalData’s power industry contracts database.

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  • The impact of the commodity price increase on the battery prices
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Electricity Procurement stood at first place when compared with other power tender categories in the Europe region in February 2022 with 25 contracts and a 30.9% share, followed by Generation Equipment with 18 contracts and a 22.2% share and Power Plant with 17 contracts and a 21% share during the month.

The proportion of contracts by category tracked by GlobalData in the month was:Power Purchase Agreement with 25 contracts and a 100% share.

Wind is top technology for Europe electricity procurement contracts in February 2022

Looking at electricity procurement contracts by the type of technology in the Europe region, wind accounted for 13 contracts with a 50% share, followed by solar with 11 contracts and a 42.3% share and hydro with two contracts and a 7.7% share.

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

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

  1. Alcoa (United States): 906.3MW from one contract
  2. Robert Bosch (Germany): 70MW from one contract
  3. Statkraft (Norway): 50MW capacity from one contract.

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

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

  1. Endesa (Spain): 906.3MW from one contract
  2. Energiekontor (Germany): 70MW from one contract
  3. Matrix Renewables (Spain): 50MW 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.

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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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