Middle East and Africa Solar technology contracts activity rises 10% in Q1 2020

6 May 2020 (Last Updated May 6th, 2020 14:20)

Middle East and Africa Solar technology contracts activity rises 10% in Q1 2020

Middle East and Africa solar technology contracts in Q1 2020 saw 34 contracts announced, marking a rise of 10% over the last four-quarter average of 31, 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 19 contracts and a 55.9% share
  2. Supply & Erection: seven contracts and a 20.6% share
  3. Power Purchase Agreement: five contracts and a 14.7% share
  4. Consulting & Similar Services: two contracts and a 5.9% share
  5. Repair, Maintenance, Upgrade & Others: one contract and a 2.9% share.

The United Arab Emirates tops Middle East and Africa solar power contracts activity

The United Arab Emirates was the top country in the Middle East and Africa region for solar technology contracts recorded in Q1 2020 with five contracts and a 14.7% share, followed by Bahrain with four contracts and an 11.8% share and Burkina Faso with two contracts and a 5.9% share.

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Middle East and Africa 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 Middle East and Africa were:

  1. Qatar General Electricity and Water (Qatar): 800MW from one contract
  2. Peacock Investment: 500MW from one contract
  3. New and Renewable Energy Authority (Egypt) and Custodian Energy Group: 50MW capacity from one contract.

Middle East and Africa 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 Middle East and Africa were:

  1. Marubeni (Japan), Qatar Electricity & Water Co QPSC (Qatar), Qatar Petroleum (Qatar) and Total Solar International (France): 800MW from one contract
  2. China Gezhouba Group International Engineering (China): 550MW from two contracts
  3. China Gezhouba Group (China): 500MW 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.