Electricity procurement contracts in Q2 2020 saw 166 contracts announced, marking a drop of 5% over the last four-quarter average of 174, according to GlobalData’s power industry contracts database.
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The proportion of contracts by category tracked by GlobalData in the quarter was as follows:
- Power Purchase Agreement: 156 contracts and a 94% share
- Electricity Supply: eight contracts and a 4.8% share
- Project Implementation: two contracts and a 1.2% share.
North America leads electricity procurement activity in Q2 2020
Comparing contracts activity in electricity procurement segment in different regions of the globe, North America held the top position with 86 contracts and a share of 51.8% during Q2 2020, followed by Asia-Pacific with 30 contracts and an 18.1% share and Europe with 25 contracts and a 15.1% share.
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Solar is leading technology for electricity procurement contracts in Q2 2020
Among the technologies, solar accounted for 100 contracts with a 60.2% share, followed by wind with 45 contracts and a 27.1% share and hydro with 12 contracts and a 7.2% share.
Electricity procurement contracts in Q2 2020: Top issuers by capacity
The top issuers of electricity procurement contracts for the quarter in terms of power capacity involved were:
- MP Power Management (India): 1,320MW from one contract
- Dubai Electricity and Water Authority (United Arab Emirates): 900MW from one contract
- Southern California Edison (United States): 870MW capacity from eight contracts.
Electricity procurement contracts in Q2 2020: Top winners by capacity
The top winners of contracts for the quarter in terms of power capacity involved were:
- Pench Thermal Energy (MP) (India): 1,320MW from one contract
- ACWA Power International (Saudi Arabia): 900MW from one contract
- NextEra Energy Resources L (United States): 585MW capacity from five contracts.
All publicly-announced contracts 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 contracts are available for subscribers to GlobalData’s Power database.
