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  1. Market Data
June 9, 2021

Europe electricity procurement contracts activity down 27% in May 2021

By Amit Sharma

There were 24 electricity procurement contracts announced in the Europe region in May 2021, marking a drop of 27% over the last 12-month average of 33, 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 May 2021 with 35 contracts and a 31.8% share, followed by Electricity Procurement with 24 contracts and a 21.8% share and Generation Equipment with 20 contracts and an 18.2% share during the month.

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

  1. Power Purchase Agreement: 21 contracts and an 87.5% share
  2. Electricity Supply: three contracts and a 12.5% share.

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

Looking at electricity procurement contracts by the type of technology in the Europe region, wind accounted for 17 contracts with a 63% share, followed by solar with nine contracts and a 33.3% share and hydro with one contract and a 3.7% share.

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Europe electricity procurement contracts in May 2021: Top issuers by capacity

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

  1. Urzad Regulacji Energetyki (Poland): 1,440MW from one contract
  2. Orsted (Denmark): 250MW from one contract
  3. Statkraft (Norway): 126MW capacity from one contract.

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

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

  1. Equinor (Norway) and Polenergia (Poland): 1,440MW from one contract
  2. Hofor Vind (Denmark): 250MW from one contract
  3. Capital Energy SLU (Spain): 126MW 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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