July 23, 2020
The growth of renewable energy, including wind and solar, across the United States has seen the procurement of some huge electricity contracts in 2020. The following information, courtesy of Power Technology, shows the top electricity procurement contracts in North America for May 2020. They have highlighted both the top 3 issuers and the top 3 winners of electricity procurement contracts in terms of power capacity.
Electricity Procurement Contracts in North America: May 2020
Below are the top 3 companies and top 3 winners respectively, as noted by Power Technology.
Top 3 Companies by Power Capacity (May 2020)
Southern California Edison (United States): 870MW from 8 contracts.
Portland General Electric (United States): 221MW from 2 contracts.
Puget Sound Energy (United States), Redwood Coast Energy Authority (United States), Big Rivers Electric (United States) and General Motors (United States): 100MW capacity from 1 contract.
Top 3 Winners by Power Capacity (May 2020)
NextEra Energy Resources L (United States): 585MW from 5 contracts.
Public Utility District No. one of Douglas County (United States) and Southern Power (United States): 160MW from 1 contract.
Strata Solar L (United States), Tennessee Valley Authority (United States), Bonneville Power Administration (United States), Community Energy (United States), EDP Renewables North America L (United States) and LS Power Development, L (United States): 100MW capacity from 1 contract.
Solar Electricity Procurement Contracts in North America for 2020
Among the electricity procurement contracts in North America in May 2020, solar energy was the clear leader ahead of hydro, wind, and thermal power. Of the contracts secured, solar accounted for 70.8%, way ahead of hydro and wind with a 12.5% share each. The below chart from Power Technology highlights the clear lead of solar among electricity procurement technologies.
To discuss electricity procurement, or develop a large-scale solar project, get in touch with YSG today. Send us an email, or call at 212.389.9215 to learn more about our services.
YSG Solar is a project development vehicle responsible for commoditizing energy infrastructure projects. We work with long-term owners and operators to provide clean energy assets with stable, predictable cash flows. YSG's market focus is distributed generation and utility-scale projects located within North America.
Sources:
All information in this blog post is courtesy of Power Technology.