North America power plant contracts activity down 21% in Q3 2019

There were 33 power plant contracts announced in the North America region in Q3 2019, marking a drop of 21% over the last 12-month average of 42, according to GlobalData’s power industry contracts database.

Electricity Procurement stood at first place when compared with other power tender categories in the North America region in Q3 2019 with 52 contracts and a 34% share, followed by Generation Equipment with 44 contracts and a 28.8% share and Power Plant with 33 contracts and a 21.6% share during the quarter.

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

1. Project Implementation: 24 contracts and a 72.7% share
2. Repair, Maintenance, Upgrade & Others: four contracts and a 12.1% share
3. Consulting & Similar Services: four contracts and a 12.1% share
4. Power Purchase Agreement: one contract and a 3% share.

Solar is top technology for North America power plant contracts in Q3 2019

Looking at power plant contracts by the type of technology in the North America region, solar accounted for 12 contracts with a 36.4% share, followed by wind with 11 contracts and a 33.3% share and thermal with seven contracts and a 21.2% share.

North America power plant contracts in Q3 2019: Top companies by capacity

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

1. EDF Renewables North America (United States): 514MW from two contracts
2. Apex Clean Energy Holdings (United States) and Southwest Power Pool (United States): 300MW from one contract
3. Public Service Company of New Mexico: 280MW capacity from one contract.

North America power plant 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. Siemens (Germany): 608MW from one contract
3. ProEnergy Services (United States): 280MW 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.