There were 61 electricity procurement contracts announced in the Europe region in Q1 2021, marking a rise of 42% over the last four-quarter average of 43, 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 Q1 2021 with 206 contracts and a 44.1% share, followed by Generation Equipment with 106 contracts and a 22.7% share and Electricity Procurement with 61 contracts and a 13.1% 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 an 88.5% share
  2. Project Implementation: five contracts and an 8.2% share
  3. Electricity Supply: two contracts and a 3.3% share.

Solar is top technology for Europe electricity procurement contracts in Q1 2021

Looking at electricity procurement contracts by the type of technology in the Europe region, solar accounted for 38 contracts with a 50% share, followed by wind with 31 contracts and a 40.8% share and hydro with six contracts and a 7.9% share.

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Europe electricity procurement contracts in Q1 2021: Top issuers by capacity

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

  1. Rio Tinto (United Kingdom): 390MW from one contract
  2. Amazon.com (United States): 380MW from two contracts
  3. Mytilineos (Greece): 200MW capacity from one contract.

Europe electricity procurement contracts in Q1 2021: Top winners by capacity

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

  1. Landsvirkjun hf (Iceland): 390MW from one contract
  2. Shell Energy Europe (Netherlands): 250MW from one contract
  3. Egnatia Group (Greece): 200MW 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.