North America power plant contracts activity down 32% in Q3 2020

29 October 2020 (Last Updated October 29th, 2020 03:20)

North America power plant contracts activity down 32% in Q3 2020

There were 43 power plant contracts announced in the North America region in Q3 2020, marking a drop of 32% over the last 12-month average of 63, according to GlobalData’s power industry contracts database.

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Electricity Procurement stood at first place when compared with other power tender categories in the North America region in Q3 2020 with 69 contracts and a 28.3% share, followed by Generation Equipment with 63 contracts and a 25.8% share and Power Plant with 43 contracts and a 17.6% share during the quarter.

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

  1. Project Implementation: 32 contracts and a 74.4% share
  2. Repair, Maintenance, Upgrade & Others: five contracts and an 11.6% share
  3. Consulting & Similar Services: four contracts and a 9.3% share
  4. Power Purchase Agreement: two contracts and a 4.7% share.

Solar is top technology for North America power plant contracts in Q3 2020

Looking at power plant contracts by the type of technology in the North America region, solar accounted for 28 contracts with a 65.1% share, followed by wind with seven contracts and a 16.3% share and nuclear with four contracts and a 9.3% share.

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North America power plant contracts in Q3 2020: Top issuers by capacity

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

  1. Kineticor Resource (Canada): 900MW from one contract
  2. Longroad Energy Holdings L (United States): 331MW from one contract
  3. Lightsource BP Renewable Energy Investments (United Kingdom): 300MW capacity from one contract.

North America power plant contracts in Q3 2020: Top winners by capacity

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

  1. Overland Contracting (United States) and PCL Construction Group (Canada): 900MW from one contract
  2. M. A. Mortenson (United States): 345MW from two contracts
  3. Swinerton Renewable Energy (United States): 331MW 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.