There were 51 electricity procurement contracts announced in the Europe region in July 2022, marking a rise of 82% over the last 12-month average of 28, 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 July 2022 with 51 contracts and a 71.8% share, followed by Generation Equipment with ten contracts and a 14.1% share and Power Plant with five contracts and a 7% share during the month.

The proportion of contracts by category tracked by GlobalData in the month was:Power Purchase Agreement with 51 contracts and a 100% share.

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

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Looking at electricity procurement contracts by the type of technology in the Europe region, wind accounted for 24 contracts with a 47.1% share, followed by solar with 21 contracts and a 41.2% share and ocean power with four contracts and a 7.8% share.

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Europe electricity procurement contracts in July 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. Department for Business, Energy and Industrial Strategy (United Kingdom): 9,213.6MW from 43 contracts
  2. Equinix (United States): 42MW from one contract
  3. UniCredit (Italy): 25MW capacity from one contract.

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

The top winners of contracts for the month 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.