Oil and gas companies are making moves into the UK energy market.

There were 151 electricity procurement contracts announced in the Europe region in Q4 2021, marking a rise of 19% over the last four-quarter average of 127, according to GlobalData’s power industry contracts database.

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Power Plant stood at first place when compared with other power tender categories in the Europe region in Q4 2021 with 161 contracts and a 33.5% share, followed by Electricity Procurement with 151 contracts and a 31.5% share and Generation Equipment with 102 contracts and a 21.3% share during the quarter.

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

  1. Project Implementation: 90 contracts and a 59.6% share
  2. Power Purchase Agreement: 59 contracts and a 39.1% share
  3. Electricity Supply: two contracts and a 1.3% share.

Wind is top technology for Europe electricity procurement contracts in Q4 2021

Looking at electricity procurement contracts by the type of technology in the Europe region, wind accounted for 89 contracts with a 55.6% share, followed by solar with 69 contracts and a 43.1% share and hydro with two contracts and a 1.3% share.

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Europe electricity procurement contracts in Q4 2021: Top companies by capacity

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

  1. Ministry for the Ecological Transition and Demographic Challenge (Spain): 3,113.1MW from 90 contracts
  2. EDF (United States): 1,400MW from one contract
  3. Amazon Web Services (United States): 944MW capacity from five contracts.

Europe electricity procurement contracts in Q4 2021: Top winners by capacity

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

  1. RWE (Germany): 1,400MW from one contract
  2. Green Capital Development (Spain): 1,340MW from 19 contracts
  3. Doggerbank Offshore Wind Farm Project three Projco (United Kingdom): 1,200MW capacity from four 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.