Electricity Procurement Contracts Down 11% in December 2019: Report

Electricity procurement contracts in December 2019 saw 47 contracts announced, marking a drop of 11 percent over the last 12-month average of 53, according to a new database.

Electricity procurement contracts in December 2019 saw 47 contracts announced, marking a drop of 11 percent over the last 12-month average of 53, according to GlobalData’s power industry contracts database.

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

1. Power Purchase Agreement: 36 contracts and a 76.6 percent share
2. Project Implementation: seven contracts and a 14.9 percent share
3. Electricity Supply: four contracts and an 8.5 percent share.

The report further added that Europe leads the electricity procurement activity in December 2019, and comparing contract activity in the electricity procurement segment in different regions of the globe, Europe held the top position with 18 contracts and a share of 38.3 percent during December 2019, followed by North America with ten contracts and a 21.3 percent share and Asia-Pacific with nine contracts and a 19.1 percent share.

Among all sources, solar is the leading technology for electricity procurement contracts in December 2019. Among the technologies, solar energy accounted for 31 contracts with a 64.6 percent share, followed by wind energy with 14 contracts and a 29.2 percent share and thermal with one contract and a 2.1 percent share.

The report further added that for the electricity procurement contracts in December 2019, the top companies by capacity were (the top issuers of electricity procurement contracts for the month in terms of power capacity involved were):

1. Egyptian Electricity Transmission (Egypt): 700 MW from two contracts
2. Amazon Web Services (United States): 321 MW from three contracts
3. Statkraft (Norway): 252 MW capacity from one contract.

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

1. AMEA Power (United Arab Emirates): 700 MW from two contracts
2. Solaria Energia y Medio Ambiente (Spain): 357 MW from two contracts
3. EDF Renewables North America (United States): 232 MW capacity from two contracts.