Electricity procurement tenders down 37% in Q2 2019

5 September 2019 (Last Updated September 5th, 2019 10:33)

Electricity procurement tenders down 37% in Q2 2019
Oil and gas companies are making moves into the UK energy market.

Electricity procurement tenders in Q2 2019 saw 53 tenders announced, marking a drop of 37% over the last four-quarter average of 84, 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: 29 tenders and a 54.7% share
  2. Power Purchase Agreement: 21 tenders and a 39.6% share
  3. Project Implementation: three tenders and a 5.7% share.

Asia-Pacific leads electricity procurement activity in Q2 2019

Comparing tenders activity in electricity procurement segment in different regions of the globe, Asia-Pacific held the top position with 21 tenders and a share of 39.6% during Q2 2019, followed by North America with 16 tenders and a 30.2% share and Europe with 13 tenders and a 24.5% share.

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Solar is leading technology for electricity procurement tenders in Q2 2019

Among the technologies, solar accounted for 25 tenders with a 45.5% share, followed by wind with 14 tenders and a 25.5% share and hydro with six tenders and a 10.9% share.

Electricity procurement tenders in Q2 2019: Top companies by capacity

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

  1. Maharashtra State Electricity Distribution (India): 1,500MW from two tenders
  2. Ministry of Electricity and Energy (Myanmar): 1,040MW from one tender
  3. NTPC (India): 1,000MW 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.