North America power plant contracts activity up 100% in March 2020

There were 34 power plant contracts announced in the North America region in March 2020, marking a rise of 100% over the last 12-month average of 17, according to GlobalData’s power industry contracts database.

Power Plant stood at first place when compared with other power tender categories in the North America region in March 2020 with 34 contracts and a 42.5% share, followed by Generation Equipment with 15 contracts and an 18.8% share and T&D Equipment with 14 contracts and a 17.5% share during the month.

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

1. Project Implementation: 31 contracts and a 91.2% share
2. Consulting & Similar Services: two contracts and a 5.9% share
3. Power Purchase Agreement: one contract and a 2.9% share.

Solar is top technology for North America power plant contracts in March 2020

Looking at power plant contracts by the type of technology in the North America region, solar accounted for 26 contracts with a 76.5% share, followed by wind with five contracts and a 14.7% share and thermal with two contracts and a 5.9% share.

North America power plant contracts in March 2020: Top companies by capacity

The top issuers of power plant 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.

North America power plant 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.