Electricity procurement tenders down 28% in Q2 2020

Electricity procurement tenders in Q2 2020 saw 43 tenders announced, marking a drop of 28% over the last four-quarter average of 60, according to GlobalData’s power industry tenders database.

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

1. Electricity Supply: 24 tenders and a 55.8% share
2. Power Purchase Agreement: 15 tenders and a 34.9% share
3. Project Implementation: four tenders and a 9.3% share.

Europe leads electricity procurement activity in Q2 2020

Comparing tenders activity in electricity procurement segment in different regions of the globe, Europe held the top position with 21 tenders and a share of 48.8% during Q2 2020, followed by Asia-Pacific with 12 tenders and a 27.9% share and North America with eight tenders and an 18.6% share.

Solar is leading technology for electricity procurement tenders in Q2 2020

Among the technologies, solar accounted for 17 tenders with a 45.9% share, followed by wind with 11 tenders and a 29.7% share and biopower with three tenders and an 8.1% share.

Electricity procurement tenders in Q2 2020: Top issuers by capacity

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

1. Dominion Energy (United States): 1,250MW from one tender
2. Entergy Services (United States): 1,200MW from one tender
3. The AES (United States): 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.