Europe Solar technology contracts activity drops 58% in January 2020

24 February 2020 (Last Updated February 24th, 2020 06:58)

Europe Solar technology contracts activity drops 58% in January 2020

Europe solar technology contracts in January 2020 saw 22 contracts announced, marking a drop of 58% over the last 12-month average of 53, according to GlobalData’s power industry contracts database.

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The proportion of solar technology contracts by category tracked by GlobalData in the month was as follows:

  1. Power Purchase Agreement with eight contracts and a 36.4% share
  2. Project Implementation: six contracts and a 27.3% share
  3. Repair, Maintenance, Upgrade & Others: three contracts and a 13.6% share
  4. Supply & Erection: three contracts and a 13.6% share
  5. Consulting & Similar Services: one contract and a 4.5% share
  6. Electricity Supply: one contract and a 4.5% share.

Spain tops Europe solar power contracts activity

Spain was the top country in the Europe region for solar technology contracts recorded in January 2020 with eight contracts and a 36.4% share, followed by Germany with four contracts and an 18.2% share and Italy with two contracts and a 9.1% share.

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Europe solar technology contracts in January 2020: Top companies by capacity

The top issuers of contracts for the month in terms of power capacity involved in Europe were:

  1. Ministry of Energy of the Republic of Azerbaijan: 200MW from one contract
  2. Urzad Regulacji Energetyki (Poland): 194MW from two contracts
  3. Anheuser-Busch InBev (Belgium): 130MW capacity from one contract.

Europe solar technology contracts in January 2020: Top winners by capacity

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

  1. Abu Dhabi Future Energy (United Arab Emirates): 200MW from one contract
  2. Eurowind Energy (Denmark): 152MW from one contract
  3. BayWa r.e. Renewable Energy (Germany): 130MW 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.