BAKU, Azerbaijan, Dec.13
By Leman Zeynalova – Trend:
Solar is a leading technology for electricity procurement contracts in the third quarter of 2019, Trend reports citing GlobalData, a leading data and analytics company.
Among the technologies, solar accounted for 77 contracts with a 58.8 percent share, followed by wind with 42 contracts and a 32.1 percent share and thermal with six contracts and a 4.6 percent share.
In general, according to GlobalData’s estimates, electricity procurement contracts in Q3 2019 saw 132 contracts announced, marking a drop of 34 percent over the last four-quarter average of 199.
The proportion of contracts by category tracked by GlobalData in the quarter was as follows: Power Purchase Agreement: 114 contracts and an 86.4 percent share; Electricity Supply: 17 contracts and a 12.9 percent share; Project Implementation: one contract and a 0.8 percent share.
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 percent during Q3 2019, followed by Asia-Pacific with 42 contracts and a 31.8 percent share and Europe with 23 contracts and a 17.4 percent share.
The top issuers of electricity procurement contracts for the quarter in terms of power capacity involved were: Manila Electric (Philippines): 1,200MW from three contracts; Monterey Bay Community Power (United States): 1,000MW from one contract and AT&T (United States): 960MW capacity from two contracts.
The top winners of contracts for the quarter in terms of power capacity involved were: Solar Energy Corporation of India (India): 1,680MW from four contracts; Castle Wind (United States): 1,000MW from one contract; Invenergy (United States): 800MW capacity from one contract.
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