There were 88 electricity procurement contracts announced in the North America region in Q2 2020, marking a rise of 47% over the last 12-month average of 60, 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 Q2 2020 with 88 contracts and a 31% share, followed by Power Plant with 56 contracts and a 19.7% share and Generation Equipment with 45 contracts and a 15.8% share during the quarter.

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

  1. Power Purchase Agreement: 84 contracts and a 95.5% share
  2. Electricity Supply: four contracts and a 4.5% share.

Solar is top technology for North America electricity procurement contracts in Q2 2020

Looking at electricity procurement contracts by the type of technology in the North America region, solar accounted for 59 contracts with a 74.7% share, followed by wind with 14 contracts and a 17.7% share and hydro with three contracts and a 3.8% share.

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North America electricity procurement contracts in Q2 2020: Top issuers by capacity

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

  1. Southern California Edison (United States): 870MW from eight contracts
  2. Verizon Communications (United States): 384MW from two contracts
  3. Tennessee Valley Authority (United States): 265MW capacity from two contracts.

North America electricity procurement contracts in Q2 2020: Top winners by capacity

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

  1. NextEra Energy Resources L (United States): 585MW from five contracts
  2. Belltown Power (United Kingdom): 330MW from two contracts
  3. First Solar (United States): 325MW capacity from two contracts.

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.