Power industry contracts in North America for Q3 2019 down 13%

24 November 2019 (Last Updated November 26th, 2019 05:55)

Power industry contracts in North America for Q3 2019 down 13%

North America power industry contracts activity in Q3 2019 saw 136 contracts announced, marking a drop of 13% over the last four-quarter average of 156, according to GlobalData’s power database.

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North America power industry contracts in Q3 2019: The US leads activity

Looking at contracts by country, the US led the activity in Q3 2019 with 122 contracts and a share of 89.7%, up 0.8% over the previous quarter and down 10% when compared with the last four-quarter average, followed by Mexico with nine contracts and a share of 6.6% and Canada with four contracts and a share of 2.9% during the quarter.

Looking at the last four-quarter average, the US held the top spot with 136 contracts, followed by Canada with 11 and Mexico with eight contracts.

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Solar is top technology area for contracts in Q3 2019

Looking at contracts divided by the type of technology, solar accounted for the largest proportion with 54 contracts and a 41.2% share, followed by wind with 52 contracts and a 39.7% share and thermal with 15 contracts and an 11.5% share.

Looking at power industry contracts divided by segment as tracked by GlobalData, Electricity Procurement was the most popular segment in North America power contracts activity during Q3 2019, with 52 contracts, followed by Generation Equipment (44) and Power Plant (33).

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

  1. Power Purchase Agreement: 49 contracts and a 36% share
  2. Supply & Erection: 43 contracts and a 31.6% share
  3. Project Implementation: 26 contracts and a 19.1% share
  4. Repair, Maintenance, Upgrade & Others: 11 contracts and an 8.1% share
  5. Consulting & Similar Services: four contracts and a 2.9% share
  6. Electricity Supply: three contracts and a 2.2% share.

Power contracts in Q3 2019: Top companies by capacity

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

  1. Monterey Bay Community Power (United States): 1,000MW from one contract
  2. AT&T (United States): 960MW from two contracts
  3. EDF Renewables North America (United States): 514MW capacity from two contracts.

Power contracts in Q3 2019: Top winners by capacity

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

  1. Infrastructure and Energy Alternatives (United States): 1,316MW from five contracts
  2. Castle Wind (United States): 1,000MW from one contract
  3. Invenergy (United States): 800MW 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.