Oil and gas companies are making moves into the UK energy market.

There were 21 power plant contracts announced in the Europe region in Q3 2022, marking a drop of 84% over the last four-quarter average of 132, 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 Q3 2022 with 73 contracts and a 60.3% share, followed by Power Plant with 21 contracts and a 17.4% share and Generation Equipment with 17 contracts and a 14% share during the quarter.

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

  1. Consulting & Similar Services: 11 contracts and a 52.4% share
  2. Power Purchase Agreement: five contracts and a 23.8% share
  3. Project Implementation: four contracts and a 19% share
  4. Supply & Erection: one contract and a 4.8% share.

Nuclear is top technology for Europe power plant contracts in Q3 2022

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Looking at power plant contracts by the type of technology in the Europe region, nuclear accounted for eight contracts with a 38.1% share, followed by wind with seven contracts and a 33.3% share and solar with three contracts and a 14.3% share.

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Europe power plant contracts in Q3 2022: Top companies by capacity

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

  1. Legnica Special Economic Zone: 200MW from one contract
  2. Energa (Poland): 88MW from one contract
  3. UniCredit (Italy): 25MW capacity from one contract.

Europe power plant contracts in Q3 2022: Top winners by capacity

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

  1. Last Energy (United States): 200MW from one contract
  2. GE Gas Power (United States): 88MW from one contract
  3. Energie Steiermark (Austria) and Enery Development (Austria): 5.5MW 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.