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

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.