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  1. Market Data
October 26, 2021

Europe electricity procurement contracts activity down 54% in Q3 2021

There were 56 electricity procurement contracts announced in the Europe region in Q3 2021, marking a drop of 54% over the last four-quarter average of 121, 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 Q3 2021 with 138 contracts and a 39.1% share, followed by Generation Equipment with 73 contracts and a 20.7% share and Electricity Procurement with 56 contracts and a 15.9% share during the quarter.

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

  1. Power Purchase Agreement: 54 contracts and a 96.4% share
  2. Electricity Supply: two contracts and a 3.6% share.

Wind is top technology for Europe electricity procurement contracts in Q3 2021

Looking at electricity procurement contracts by the type of technology in the Europe region, wind accounted for 34 contracts with a 50% share, followed by solar with 19 contracts and a 27.9% share and hydro with nine contracts and a 13.2% share.

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Europe electricity procurement contracts in Q3 2021: Top companies by capacity

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

  1. Axpo Holding (Switzerland): 350MW from two contracts
  2. Nordural Grundartangi ehf: 182MW from one contract
  3. Statkraft (Norway): 161.2MW capacity from three contracts.

Europe electricity procurement contracts in Q3 2021: Top winners by capacity

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

  1. CEZ Romania (Romania): 300MW from one contract
  2. Landsvirkjun hf (Iceland): 182MW from one contract
  3. Taaleri Energia (Finland): 140.4MW capacity from two contracts.

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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