Europe Solar technology contracts activity drops 1% in Q3 2020

28 October 2020 (Last Updated October 28th, 2020 02:35)

Europe Solar technology contracts activity drops 1% in Q3 2020

Europe solar technology contracts in Q3 2020 saw 186 contracts announced, marking a drop of 1% over the last four-quarter average of 188, 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 149 contracts and an 80.1% share
  2. Power Purchase Agreement: 19 contracts and a 10.2% share
  3. Supply & Erection: 15 contracts and an 8.1% share
  4. Electricity Supply: two contracts and a 1.1% share
  5. Consulting & Similar Services: one contract and a 0.5% share.

Ireland tops Europe solar power contracts activity

Ireland was the top country in the Europe region for solar technology contracts recorded in Q3 2020 with 63 contracts and a 33.9% share, followed by Greece with 36 contracts and a 19.4% share and Spain with 22 contracts and an 11.8% share.

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Europe solar technology contracts in Q3 2020: Top issuers by capacity

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

  1. Total (France): 3,300MW from one contract
  2. Gmina Puchaczow: 892MW from one contract
  3. Department of Communications, Climate Action and Environment (Ireland): 796.3MW capacity from 63 contracts.

Europe solar technology contracts in Q3 2020: Top winners by capacity

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

  1. Ignis Energia (Spain): 3,300MW from one contract
  2. ML System (Poland): 892MW from one contract
  3. Hanwha Q CELLS (South Korea): 315MW 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.