Power industry contracts in North America for Q4 2019 down 13%

15 February 2020 (Last Updated February 13th, 2020 07:27)

Power industry contracts in North America for Q4 2019 down 13%

North America power industry contracts activity in Q4 2019 saw 140 contracts announced, marking a drop of 13% over the last four-quarter average of 161, according to GlobalData’s power database.

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North America power industry contracts in Q4 2019: The US leads activity

Looking at contracts by country, the US led the activity in Q4 2019 with 120 contracts and a share of 85.7%, down 3.6% over the previous quarter and down 15% when compared with the last four-quarter average, followed by Canada with ten contracts and a share of 7.1% and Mexico with ten contracts and a share of 7.1% during the quarter.

Looking at the last four-quarter average, the US held the top spot with 142 contracts, followed by Canada with nine and Mexico with eight contracts.

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Solar is top technology area for contracts in Q4 2019

Looking at contracts divided by the type of technology, solar accounted for the largest proportion with 64 contracts and a 49.2% share, followed by wind with 42 contracts and a 32.3% share and thermal with 19 contracts and a 14.6% 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 Q4 2019, with 47 contracts, followed by Generation Equipment (41) and Power Plant (38).

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

  1. Supply & Erection: 47 contracts and a 33.6% share
  2. Power Purchase Agreement: 44 contracts and a 31.4% share
  3. Project Implementation: 31 contracts and a 22.1% share
  4. Repair, Maintenance, Upgrade & Others: 13 contracts and a 9.3% share
  5. Consulting & Similar Services: three contracts and a 2.1% share
  6. Electricity Supply: two contracts and a 1.4% share.

Power contracts in Q4 2019: Top companies by capacity

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

  1. Connecticut Department of Energy and Environmental Protection (United States) and Massachusetts Department of Energy Resources (United States): 804MW from one contract
  2. Commonwealth of Virginia (United States): 420MW from one contract
  3. McDonald’s: 380MW capacity from two contracts.

Power contracts in Q4 2019: Top winners by capacity

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

  1. Mayflower Wind Energy (United States) and Vineyard Wind (United States): 804MW from one contract
  2. NextEra Energy Resources (United States): 760MW from four contracts
  3. EDP Renewables North America (United States): 502MW 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.