Power industry contracts in North America for March 2020 up 25%

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

Power industry contracts in North America for March 2020 up 25%
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North America power industry contracts activity in March 2020 saw 75 contracts announced, marking a rise of 25% over the last 12-month average of 60, according to GlobalData’s power database.

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

Looking at contracts by country, the US led the activity in March 2020 with 68 contracts and a share of 90.7%, up 7.6% over the previous month and up 31% when compared with the last 12 month-average, followed by Mexico with four contracts and a share of 5.3% and Canada with three contracts and a share of 4% during the month.

Looking at the last 12-month average, the US held the top spot with 52 contracts, followed by Canada with four and Mexico with three contracts.

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Solar is top technology area for contracts in March 2020

Looking at contracts divided by the type of technology, solar accounted for the largest proportion with 35 contracts and a 61.4% share, followed by thermal with eight contracts and a 14% share and wind with eight contracts and a 14% share.

Looking at power industry contracts divided by segment in North America as tracked by GlobalData, Power Plant was the most popular segment in March 2020, with 34 contracts, followed by Generation Equipment (15) and T&D Equipment (14).

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

  1. Project Implementation: 33 contracts and a 44% share
  2. Supply & Erection: 30 contracts and a 40% share
  3. Power Purchase Agreement: eight contracts and a 10.7% share
  4. Consulting & Similar Services: two contracts and a 2.7% share
  5. Repair, Maintenance, Upgrade & Others: two contracts and a 2.7% share.

Power contracts in March 2020: Top companies by capacity

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

  1. New York State Energy Research & Development Authority (United States): 1,277.29MW from 20 contracts
  2. ESC Brooke County Power I, L: 920MW from one contract
  3. NTE Connecticut L (United States): 650MW capacity from one contract.

Power contracts in March 2020: Top winners by capacity

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

  1. Gemma Power Systems L (United States): 1,570MW from two contracts
  2. NextEra Energy Resources L (United States): 380MW from two contracts
  3. ConnectGen L (United States): 270MW 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.