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Electricity procurement contracts down 34 per cent

Published: 13 December 2019 - Carly Wills

Electricity procurement contracts in Q3 2019 saw 132 contracts announced, marking a drop of 34 per cent over the last four-quarter average of 199, according to GlobalData’s power industry contracts database.

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

  1. Power Purchase Agreement: 114 contracts and an 86.4 per cent share
  2. Electricity Supply: 17 contracts and a 12.9 per cent share
  3. Project Implementation: one contract and a 0.8 per cent share.

North America leads electricity procurement activity in Q3 2019

Comparing contracts activity in electricity procurement segment in different regions of the globe, North America held the top position with 52 contracts and a share of 39.4 per cent during Q3 2019, followed by Asia-Pacific with 42 contracts and a 31.8 per cent share and Europe with 23 contracts and a 17.4 per cent share.

Solar is leading technology for electricity procurement contracts in Q3 2019

Among the technologies, solar accounted for 77 contracts with a 58.8 per cent share, followed by wind with 42 contracts and a 32.1 per cent share and thermal with six contracts and a 4.6 per cent share.

Electricity procurement contracts in Q3 2019: Top companies by capacity

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

  1. Manila Electric (Philippines): 1,200MW from three contracts
  2. Monterey Bay Community Power (United States): 1,000MW from one contract
  3. AT&T (United States): 960MW capacity from two contracts

Electricity procurement contracts in Q3 2019: Top winners by capacity

The top winners of contracts for the quarter in terms of power capacity involved were:

  1. Solar Energy Corporation of India (India): 1,680MW from four contracts
  2. Castle Wind (United States): 1,000MW from one contract
  3. Invenergy (United States): 800MW capacity from one contract


 
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