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North America power industry contracts activity in Q3 2022 saw 25 contracts announced, marking a drop of 85% over the last four-quarter average of 170, according to GlobalData’s power database.

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North America power industry contracts in Q3 2022: The US leads activity

Looking at contracts by country, the US led the activity in Q3 2022 with 24 contracts and a share of 96%, up 11.7% over the previous quarter and down 84% when compared with the last four-quarter average, followed by Canada with one contract and a share of 4%.

Looking at the last four-quarter average, the US held the top spot with 150 contracts, followed by Canada with 15 and Mexico with three contracts.

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Solar is top technology area for contracts in Q3 2022

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Looking at contracts divided by the type of technology, solar accounted for the largest proportion with 11 contracts and a 45.8% share, followed by wind with seven contracts and a 29.2% share and nuclear with four contracts and a 16.7% share.

Looking at power industry contracts divided by segment as tracked by GlobalData, Electricity Procurement was the most popular segment in North America power contracts activity during Q3 2022, with 14 contracts, followed by Power Plant (9) and Generation Equipment (3).

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

  1. Power Purchase Agreement: 14 contracts and a 56% share
  2. Consulting & Similar Services: four contracts and a 16% share
  3. Supply & Erection: four contracts and a 16% share
  4. Project Implementation: three contracts and a 12% share.

Power contracts in Q3 2022: Top companies by capacity

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

  1. Morgan Stanley Capital Group (Canada): 400MW from one contract
  2. PacifiCorp (United States): 320MW from one contract
  3. McDonald Partners (United States): 255MW capacity from one contract.

Power contracts in Q3 2022: Top winners by capacity

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

  1. NaturEner USA (United States): 400MW from one contract
  2. Innergex Renewable Energy (Canada): 320MW from one contract
  3. EDF Renewable Development (United States): 255MW 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.