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April 11, 2022

Europe electricity procurement contracts activity down 61% in Q1 2022

By Carmen

There were 57 electricity procurement contracts announced in the Europe region in Q1 2022, marking a drop of 61% over the last four-quarter average of 147, according to GlobalData’s power industry contracts database.

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  • Regional trends
  • The impact of the commodity price increase on the battery prices
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Power Plant stood at first place when compared with other power tender categories in the Europe region in Q1 2022 with 80 contracts and a 30.5% share, followed by Generation Equipment with 62 contracts and a 23.7% share and Electricity Procurement with 57 contracts and a 21.8% share during the quarter.

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

  1. Power Purchase Agreement: 56 contracts and a 98.2% share
  2. Electricity Supply: one contract and a 1.8% share.

Wind is top technology for Europe electricity procurement contracts in Q1 2022

Looking at electricity procurement contracts by the type of technology in the Europe region, wind accounted for 29 contracts with a 50% share, followed by solar with 24 contracts and a 41.4% share and hydro with four contracts and a 6.9% share.

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Europe electricity procurement contracts in Q1 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. Alcoa (United States): 1,479.3MW from two contracts
  2. Urzad Regulacji Energetyki (Poland): 329.6MW from one contract
  3. Axpo Holding (Switzerland): 300MW capacity from one contract.

Europe electricity procurement contracts in Q1 2022: Top winners by capacity

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

  1. Endesa (Spain): 906.3MW from one contract
  2. Capital Energy (United States): 573MW from one contract
  3. VSB Energie Odnawialne Polska Sp z o.o (Poland): 329.6MW 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.

Related Companies

Free Report
img

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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