Power industry contracts in North America for April 2020 up 5%

15 May 2020 (Last Updated May 15th, 2020 14:54)

Power industry contracts in North America for April 2020 up 5%

North America power industry contracts activity in April 2020 saw 66 contracts announced, marking a rise of 5% over the last 12-month average of 63, according to GlobalData’s power database.

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North America power industry contracts in April 2020: The US leads activity

Looking at contracts by country, the US led the activity in April 2020 with 61 contracts and a share of 92.4%, up 1.1% over the previous month and up 11% when compared with the last 12 month-average, followed by Canada with three contracts and a share of 4.5% and Mexico with one contract and a share of 1.5% during the month.

Looking at the last 12-month average, the US held the top spot with 55 contracts, followed by Canada with four and Mexico with three contracts.

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Solar is top technology area for contracts in April 2020

Looking at contracts divided by the type of technology, solar accounted for the largest proportion with 25 contracts and a 51% share, followed by wind with 20 contracts and a 40.8% share and thermal with three contracts and a 6.1% share.

Looking at power industry contracts divided by segment in North America as tracked by GlobalData, Electricity Procurement was the most popular segment in April 2020, with 24 contracts, followed by Power Plant (15) and T&D Equipment (11).

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

  1. Power Purchase Agreement: 23 contracts and a 34.8% share
  2. Supply & Erection: 23 contracts and a 34.8% share
  3. Project Implementation: 13 contracts and a 19.7% share
  4. Consulting & Similar Services: four contracts and a 6.1% share
  5. Repair, Maintenance, Upgrade & Others: two contracts and a 3% share
  6. Electricity Supply: one contract and a 1.5% share.

Power contracts in April 2020: Top companies by capacity

The top issuers of contracts for the month in terms of power capacity involved in North America were:

  1. ENGIE North America (United States): 548.2MW from two contracts
  2. Verizon Communications (United States): 384MW from two contracts
  3. Rayburn Country Electric Cooperative, (United States): 249MW capacity from one contract.

Power contracts in April 2020: Top winners by capacity

The top winners of contracts for the month in terms of power capacity involved in North America were:

  1. M. A. Mortenson (United States): 548.2MW from two contracts
  2. Belltown Power (United Kingdom): 330MW from two contracts
  3. Clearway Energy Group L (United States): 296MW capacity from two contracts.

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.