Electricity procurement tenders down 47% in Q1 2020

1 May 2020 (Last Updated May 1st, 2020 15:44)

Electricity procurement tenders down 47% in Q1 2020

Electricity procurement tenders in Q1 2020 saw 39 tenders announced, marking a drop of 47% over the last four-quarter average of 74, according to GlobalData’s power industry tenders database.

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

  1. Electricity Supply: 20 tenders and a 51.3% share
  2. Power Purchase Agreement: 14 tenders and a 35.9% share
  3. Project Implementation: four tenders and a 10.3% share
  4. Consulting & Similar Services: one tender and a 2.6% share.

Asia-Pacific leads electricity procurement activity in Q1 2020

Comparing tenders activity in electricity procurement segment in different regions of the globe, Asia-Pacific held the top position with 14 tenders and a share of 35.9% during Q1 2020, followed by Europe with 12 tenders and a 30.8% share and North America with seven tenders and a 17.9% share.

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Solar is leading technology for electricity procurement tenders in Q1 2020

Among the technologies, solar accounted for 19 tenders with a 54.3% share, followed by wind with nine tenders and a 25.7% share and hydro with two tenders and a 5.7% share.

Electricity procurement tenders in Q1 2020: Top companies by capacity

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

  1. Solar Energy Corporation of India (India): 5,000MW from one tender
  2. Gujarat Urja Vikas Nigam (India): 3,700MW from four tenders
  3. CPS Energy (United States): 1,450MW capacity from one tender.

All publicly-announced tenders 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 tenders are available for subscribers to GlobalData’s Power database.