Europe Solar technology contracts activity drops 32% in Q1 2020

16 April 2020 (Last Updated April 16th, 2020 13:13)

Europe Solar technology contracts activity drops 32% in Q1 2020

Europe solar technology contracts in Q1 2020 saw 109 contracts announced, marking a drop of 32% over the last four-quarter average of 160, 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 quarter was as follows:

  1. Project Implementation with 70 contracts and a 64.2% share
  2. Power Purchase Agreement: 20 contracts and an 18.3% share
  3. Supply & Erection: 12 contracts and an 11% share
  4. Repair, Maintenance, Upgrade & Others: three contracts and a 2.8% share
  5. Electricity Supply: three contracts and a 2.8% share
  6. Consulting & Similar Services: one contract and a 0.9% share.

France tops Europe solar power contracts activity

France was the top country in the Europe region for solar technology contracts recorded in Q1 2020 with 46 contracts and a 42.2% share, followed by Spain with 25 contracts and a 22.9% share and Germany with eight contracts and a 7.3% share.

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Europe solar technology contracts in Q1 2020: Top companies by capacity

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

  1. Solarcentury Holdings (United Kingdom): 500MW from two contracts
  2. BP (United Kingdom) and Lightsource BP Renewable Energy Investments (United Kingdom): 250MW from one contract
  3. Ministry of Energy of the Republic of Azerbaijan: 200MW capacity from one contract.

Europe solar technology contracts in Q1 2020: Top winners by capacity

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

  1. Proyectos de Instalaciones Electricas (Spain): 500MW from two contracts
  2. Lightsource BP Renewable Energy Investments (United Kingdom) and Prodiel Proyectos de Instalaciones Electricas (Spain): 250MW from one contract
  3. Abu Dhabi Future Energy (United Arab Emirates): 200MW 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.