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  1. Market Data
September 8, 2021

North America electricity procurement contracts activity up 14% in August 2021

By admin-demo

There were 32 electricity procurement contracts announced in the North America region in August 2021, marking a rise of 14% 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 North America region in August 2021 with 32 contracts and a 47.8% share, followed by Generation Equipment with ten contracts and a 14.9% share and Power Plant with nine contracts and a 13.4% share during the month.

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

  1. Power Purchase Agreement: 26 contracts and an 81.3% share
  2. Electricity Supply: six contracts and an 18.8% share.

Solar is top technology for North America electricity procurement contracts in August 2021

Looking at electricity procurement contracts by the type of technology in the North America region, solar accounted for 24 contracts with an 80% share, followed by wind with five contracts and a 16.7% share and ocean power with one contract and a 3.3% share.

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North America electricity procurement contracts in August 2021: Top companies by capacity

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

  1. Salt River Project (United States): 500MW from three contracts
  2. Facebook (United States): 450MW from one contract
  3. AEP Energy (United States): 360MW capacity from one contract.

North America electricity procurement contracts in August 2021: Top winners by capacity

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

  1. Salt River Project (United States): 450MW from one contract
  2. Global Energy Generation (United States): 360MW from one contract
  3. EDP Renewables North America (United States) and NextEra Energy Resources (United States): 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.

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