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August 20, 2021

Europe electricity procurement contracts activity down 50% in July 2021

There were 20 electricity procurement contracts announced in the Europe region in July 2021, marking a drop of 50% over the last 12-month average of 40, according to GlobalData’s power industry contracts database.

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Power Plant stood at first place when compared with other power tender categories in the Europe region in July 2021 with 28 contracts and a 29.5% share, followed by Generation Equipment with 22 contracts and a 23.2% share and Electricity Procurement with 20 contracts and a 21.1% share during the month.

The proportion of contracts by category tracked by GlobalData in the month was as follows:

  1. Power Purchase Agreement: 19 contracts and a 95% share
  2. Electricity Supply: one contract and a 5% share.

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Wind is top technology for Europe electricity procurement contracts in July 2021

Looking at electricity procurement contracts by the type of technology in the Europe region, wind accounted for 12 contracts with a 42.9% share, followed by solar with ten contracts and a 35.7% share and hydro with four contracts and a 14.3% share.

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Europe electricity procurement contracts in July 2021: Top companies by capacity

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

  1. Nordural Grundartangi ehf: 182MW from one contract
  2. BP (United Kingdom): 100MW from one contract
  3. Axpo Iberia (Spain): 25MW capacity from one contract.

Europe electricity procurement contracts in July 2021: Top winners by capacity

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

  1. Landsvirkjun hf (Iceland): 182MW from one contract
  2. Lightsource BP Renewable Energy Investments (United Kingdom): 100MW from one contract
  3. Aquila Capital Concepts (Germany): 25MW 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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