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North America electricity procurement contracts activity down 24% in Q1 2021

April 28, 2021 (Investorideas.com Newswire) There were 59 electricity procurement contracts announced in the North America region in Q1 2021, marking a drop of 24% over the last four-quarter average of 78, according to GlobalData’s power industry contracts database.

Power Plant stood at first place when compared with other power tender categories in the North America region in Q1 2021 with 66 contracts and a 32.2% share, followed by Electricity Procurement with 59 contracts and a 28.8% share and Generation Equipment with 42 contracts and a 20.5% share during the quarter.

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

  • Power Purchase Agreement: 53 contracts and an 89.8% share
  • Electricity Supply: six contracts and a 10.2% share.

Solar is top technology for North America electricity procurement contracts in Q1 2021
Looking at electricity procurement contracts by the type of technology in the North America region, solar accounted for 33 contracts with a 54.1% share, followed by wind with 26 contracts and a 42.6% share and hydro with two contracts and a 3.3% share.

North America electricity procurement contracts in Q1 2021: Top issuers by capacity

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

  • New York State Energy Research & Development Authority (United States): 2,490MW from one contract
  • Verizon Communications (United States): 692.5MW from four contracts
  • Facebook (United States): 300MW capacity from two contracts.

North America electricity procurement contracts in Q1 2021: Top winners by capacity

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

  • Equinor Wind US L (United States): 2,490MW from one contract
  • Invenergy L (United States): 665MW from three contracts
  • EDP Renewables North America L (United States): 479MW capacity from two contracts.

For more information

To gain access to our latest press releases: GlobalData Media Centre

Analysts available for comment. Please contact the GlobalData Press Office:

EMEA & Americas: +44 (0)207 832 4399
Asia-Pacific: +91 40 6616 6809
Email: [email protected]

Notes to Editors

All publicly-announced tenders 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.

About GlobalData

4,000 of the world’s largest companies, including over 70% of FTSE 100 and 60% of Fortune 100 companies, make more timely and better business decisions thanks to GlobalData’s unique data, expert analysis and innovative solutions, all in one platform. GlobalData’s mission is to help our clients decode the future to be more successful and innovative across a range of industries, including the healthcare, consumer, retail, financial, technology and professional services sectors.

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