Power industry contracts in North America for November 2019 up 10%

12 December 2019 (Last Updated December 12th, 2019 06:37)

Power industry contracts in North America for November 2019 up 10%

North America power industry contracts activity in November 2019 saw 57 contracts announced, marking a rise of 10% over the last 12-month average of 52, according to GlobalData’s power database.

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North America power industry contracts in November 2019: The US leads activity

Looking at contracts by country, the US led the activity in November 2019 with 50 contracts and a share of 87.7%, up 12.1% over the previous month and up 11% when compared with the last 12 month-average, followed by Mexico with four contracts and a share of 7% and Canada with three contracts and a share of 5.3% during the month.

Looking at the last 12-month average, the US held the top spot with 45 contracts, followed by Canada with three and Mexico with two contracts.

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Solar is top technology area for contracts in November 2019

Looking at contracts divided by the type of technology, solar accounted for the largest proportion with 32 contracts and a 57.1% share, followed by wind with 17 contracts and a 30.4% share and thermal with seven contracts and a 12.5% share.

Looking at power industry contracts divided by segment in North America as tracked by GlobalData, Electricity Procurement was the most popular segment in November 2019, with 18 contracts, followed by Generation Equipment (17) and Power Plant (16).

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

  1. Supply & Erection: 20 contracts and a 35.1% share
  2. Power Purchase Agreement: 17 contracts and a 29.8% share
  3. Project Implementation: 14 contracts and a 24.6% share
  4. Repair, Maintenance, Upgrade & Others: five contracts and an 8.8% share
  5. Electricity Supply: one contract and a 1.8% share.

Power contracts in November 2019: Top companies by capacity

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

  1. McDonald’s: 380MW from two contracts
  2. Salt River Project Agricultural Improvement And Power District (United States): 338MW from one contract
  3. Nobles two Power Partners (United States): 250MW capacity from one contract.

Power contracts in November 2019: Top winners by capacity

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

  1. NextEra Energy Resources (United States): 360MW from two contracts
  2. M. A. Mortenson (United States): 250MW from one contract
  3. Ares Management (United States): 220MW 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.