Power industry contracts in Middle East and Africa for November 2020 down 30%

15 December 2020 (Last Updated December 15th, 2020 10:54)

Power industry contracts in Middle East and Africa for November 2020 down 30%

Middle East and Africa power industry contracts activity in November 2020 saw 21 contracts announced, marking a drop of 30% over the last 12-month average of 30, according to GlobalData’s power database.

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Middle East and Africa power industry contracts in November 2020: Egypt leads activity

Looking at contracts by country, Egypt led the activity in November 2020 with three contracts and a share of 14.3%, up 10.6% over the previous month and up 200% when compared with the last 12 month-average, followed by Saudi Arabia with three contracts and a share of 14.3% and Chad with two contracts and a share of 9.5% during the month.

Looking at the last 12-month average, Saudi Arabia held the top spot with four contracts, followed by Iran with three and Oman with two contracts.

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Solar is top technology area for contracts in November 2020

Looking at contracts divided by the type of technology, solar accounted for the largest proportion with 11 contracts and a 73.3% share, followed by wind with two contracts and a 13.3% share and hydro with one contract and a 6.7% share.

Looking at power industry contracts divided by segment in Middle East and Africa as tracked by GlobalData, Power Plant was the most popular segment in November 2020, with eight contracts, followed by T&D Project (7) and Electricity Procurement (5).

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

  1. Project Implementation: ten contracts and a 47.6% share
  2. Power Purchase Agreement: five contracts and a 23.8% share
  3. Repair, Maintenance, Upgrade & Others: three contracts and a 14.3% share
  4. Supply & Erection: three contracts and a 14.3% share.

Power contracts in November 2020: Top issuers by capacity

The top issuers of contracts for the month in terms of power capacity involved in Middle East and Africa were:

  1. The Red Sea Development: 210MW from one contract
  2. Societe Nationale d’Electricite du Tchad (Chad): 100MW from one contract
  3. Electricidade De Mozambique EP (Mozambique): 40MW capacity from one contract.

Power contracts in November 2020: Top winners by capacity

The top winners of contracts for the month in terms of power capacity involved in Middle East and Africa were:

  1. ACWA Power International (Saudi Arabia): 210MW from one contract
  2. Merl Solar Technologies (Austria): 100MW from one contract
  3. Alten Energias Renovables (Netherlands): 40MW 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.