Power industry contracts in North America for October 2019 down 37%

20 November 2019 (Last Updated November 20th, 2019 08:21)

Power industry contracts in North America for October 2019 down 37%

North America power industry contracts activity in October 2019 saw 33 contracts announced, marking a drop of 37% over the last 12-month average of 52, according to GlobalData’s power database.

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

Looking at contracts by country, the US led the activity in October 2019 with 25 contracts and a share of 75.8%, down 11.5% over the previous month and down 46% when compared with the last 12 month-average, followed by Canada with six contracts and a share of 18.2% and Mexico with two contracts and a share of 6.1% during the month.

Looking at the last 12-month average, the US held the top spot with 46 contracts, followed by Canada with three and Mexico with two contracts.

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Solar is top technology area for contracts in October 2019

Looking at contracts divided by the type of technology, solar accounted for the largest proportion with 14 contracts and a 42.4% share, followed by wind with nine contracts and a 27.3% share and thermal with six contracts and an 18.2% share.

Looking at power industry contracts divided by segment in North America as tracked by GlobalData, Electricity Procurement was the most popular segment in October 2019, with 18 contracts, followed by Power Plant (9) and Generation Equipment (6).

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

  1. Power Purchase Agreement: 17 contracts and a 51.5% share
  2. Project Implementation: six contracts and an 18.2% share
  3. Supply & Erection: six contracts and an 18.2% share
  4. Repair, Maintenance, Upgrade & Others: three contracts and a 9.1% share
  5. Electricity Supply: one contract and a 3% share.

Power contracts in October 2019: Top companies by capacity

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

  1. Massachusetts Department of Energy Resources (United States): 804MW from one contract
  2. Commonwealth of Virginia (United States): 420MW from one contract
  3. Walmart (United States): 366MW capacity from two contracts.

Power contracts in October 2019: Top winners by capacity

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

  1. Mayflower Wind Energy (United States): 804MW from one contract
  2. Dominion Energy (United States): 420MW from one contract
  3. ENGIE North America (United States): 366MW 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.