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April 11, 2022

North America electricity procurement contracts activity up 4% in Q1 2022

By Carmen

There were 81 electricity procurement contracts announced in the North America region in Q1 2022, marking a rise of 4% over the last four-quarter average of 78, 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 Q1 2022 with 81 contracts and a 47.4% share, followed by Power Plant with 27 contracts and a 15.8% share and Energy Storage with 25 contracts and a 14.6% share during the quarter.

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

  1. Power Purchase Agreement: 79 contracts and a 97.5% share
  2. Electricity Supply: two contracts and a 2.5% share.

Solar is top technology for North America electricity procurement contracts in Q1 2022

Looking at electricity procurement contracts by the type of technology in the North America region, solar accounted for 48 contracts with a 64.9% share, followed by wind with 21 contracts and a 28.4% share and thermal with two contracts and a 2.7% share.

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North America electricity procurement contracts in Q1 2022: Top companies by capacity

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

  1. Pacific Gas and Electric (United States): 1,323.7MW from eight contracts
  2. Hoosier Energy Rural Electric Cooperative (United States): 1,000MW from one contract
  3. Great River Energy (United States): 400MW capacity from one contract.

North America electricity procurement contracts in Q1 2022: Top winners by capacity

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

  1. Hallador Energy (United States): 1,000MW from one contract
  2. Apex Clean Energy Holdings (United States): 625MW from two contracts
  3. Georgia Power (United States) and Vistra Energy (United States): 350MW 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.

Related Companies

Free Report
img

Battery energy storage will be the key to energy transition – find out how

The market for battery energy storage is estimated to grow to $10.84bn in 2026. The fall in battery technology prices and the increasing need for grid stability are just two reasons GlobalData have predicted for this growth, with the integration of renewable power holding significant sway over the power market. Over the last decade, various new digital and smart technologies have been integrated, with countries aggressively promoting the modernization of grids, enhancing the grids’ capability to meet present and future requirements. As part of the effort, batteries are being deployed for a wide range of uses. A few such uses include aiding smart grids, integrating renewables, and creating responsive electricity markets. Read this report for expert insights into:
  • Market size and growth
  • Key drivers and restraints
  • Regional trends
  • The impact of the commodity price increase on the battery prices
Get ahead of this growing market and win big by utilizing our report.
by GlobalData
Enter your details here to receive your free Report.

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