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Electricity procurement tenders down 10% in Q1 2021

21 Apr 2021 (Last Updated April 21st, 2021 06:44)

Electricity procurement tenders down 10% in Q1 2021
Oil and gas companies are making moves into the UK energy market.

Electricity procurement tenders in Q1 2021 saw 37 tenders announced, marking a drop of 10% over the last four-quarter average of 41, 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: 18 tenders and a 48.6% share
  2. Power Purchase Agreement: 15 tenders and a 40.5% share
  3. Project Implementation: four tenders and a 10.8% share.

Europe leads electricity procurement activity in Q1 2021

Comparing tenders activity in electricity procurement segment in different regions of the globe, Europe held the top position with 18 tenders and a share of 48.6% during Q1 2021, followed by North America with 12 tenders and a 32.4% share and Asia-Pacific with five tenders and a 13.5% share.

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Solar is leading technology for electricity procurement tenders in Q1 2021

Among the technologies, solar accounted for 22 tenders with a 41.5% share, followed by wind with 14 tenders and a 26.4% share and biopower with seven tenders and a 13.2% share.

Electricity procurement tenders in Q1 2021: Top issuers by capacity

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

  1. Bundesnetzagentur (Germany): 8,100MW from 17 tenders
  2. Department of Mineral Resources and Energy (South Africa) and Government of South Africa: 2,600MW from one tender
  3. Gujarat Urja Vikas Nigam (India): 1,300MW capacity from three tenders.

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.