Middle East and Africa Solar technology contracts activity drops 27% in Q3 2020

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

Middle East and Africa Solar technology contracts activity drops 27% in Q3 2020

Middle East and Africa solar technology contracts in Q3 2020 saw 22 contracts announced, marking a drop of 27% over the last four-quarter average of 30, 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 eight contracts and a 36.4% share
  2. Supply & Erection: six contracts and a 27.3% share
  3. Power Purchase Agreement: six contracts and a 27.3% share
  4. Consulting & Similar Services: two contracts and a 9.1% 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 Q3 2020 with eight contracts and a 36.4% share, followed by Tunisia with two contracts and a 9.1% share and Democratic Republic of the Congo with two contracts and a 9.1% share.

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Middle East and Africa 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 Middle East and Africa were:

  1. Emirates Water and Electricity (United Arab Emirates): 2,000MW from one contract
  2. Societe Nationale d’Electricite (Democratic Republic of the Congo): 1,000MW from one contract
  3. ACWA Power International (Saudi Arabia): 900MW capacity from one contract.

Middle East and Africa 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 Middle East and Africa were:

  1. Abu Dhabi Future Energy (United Arab Emirates), Abu Dhabi National Energy (United Arab Emirates), EDF Renewables (France) and Jinko Power Technology (China): 2,000MW from one contract
  2. SkyPower (Canada): 1,000MW from one contract
  3. Shanghai Electric Group (China): 900MW 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.