Electricity procurement contracts in March 2022 saw 60 contracts announced, marking a drop of 41% over the last 12-month average of 102, according to GlobalData’s power industry contracts database.

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The proportion of contracts by category tracked by GlobalData in the month was:Power Purchase Agreement with 60 contracts and a 100% share.

Asia-Pacific leads electricity procurement activity in March 2022

Comparing contracts activity in electricity procurement segment in different regions of the globe, Asia-Pacific held the top position with 22 contracts and a share of 36.7% during March 2022, followed by North America with 18 contracts and a 30% share and Europe with ten contracts and a 16.7% share.

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Solar is leading technology for electricity procurement contracts in March 2022

Among the technologies, solar accounted for 42 contracts with a 66.7% share, followed by wind with 19 contracts and a 30.2% share and biopower with one contract and a 1.6% share.

Electricity procurement contracts in March 2022: Top companies by capacity

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

  1. Saudi Power Procurement (Saudi Arabia): 1,000MW from two contracts
  2. First Quantum Minerals (Canada): 430MW from one contract
  3. EPA Green Power Partner and QTS Realty Trust (United States): 350MW capacity from one contract.

Electricity procurement contracts in March 2022: Top winners by capacity

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

  1. Acwa Power (Saudi Arabia): 700MW from one contract
  2. Total Eren (France): 430MW from one contract
  3. Georgia Power (United States): 350MW capacity from one contract.

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.