Electricity procurement tenders down 39% in Q3 2019

30 October 2019 (Last Updated October 31st, 2019 06:33)

Electricity procurement tenders down 39% in Q3 2019

Electricity procurement tenders in Q3 2019 saw 48 tenders announced, marking a drop of 39% over the last four-quarter average of 79, according to GlobalData’s power industry tenders database.

  • Embed this chart

    Embed this chart into your website

    Copy and paste the code below into your website to display the chart.

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

  1. Electricity Supply: 24 tenders and a 50% share
  2. Power Purchase Agreement: 21 tenders and a 43.8% share
  3. Project Implementation: two tenders and a 4.2% share
  4. Consulting & Similar Services: one tender and a 2.1% share.

Asia-Pacific leads electricity procurement activity in Q3 2019

Comparing tenders activity in electricity procurement segment in different regions of the globe, Asia-Pacific held the top position with 17 tenders and a share of 35.4% during Q3 2019, followed by North America with 14 tenders and a 29.2% share and Europe with 12 tenders and a 25% share.

  • Embed this chart

    Embed this chart into your website

    Copy and paste the code below into your website to display the chart.

Solar is leading technology for electricity procurement tenders in Q3 2019

Among the technologies, solar accounted for 22 tenders with a 39.3% share, followed by wind with 17 tenders and a 30.4% share and biopower with eight tenders and a 14.3% share.

Electricity procurement tenders in Q3 2019: Top companies by capacity

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

  1. Connecticut Department of Energy and Environmental Protection (United States): 4,000MW from two tenders
  2. Manila Electric (Philippines): 2,900MW from three tenders
  3. Baltimore Gas and Electric (United States): 1,729MW 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.