North America Solar technology contracts activity drops 14% in April 2020

18 May 2020 (Last Updated May 18th, 2020 14:47)

North America Solar technology contracts activity drops 14% in April 2020

North America solar technology contracts in April 2020 saw 25 contracts announced, marking a drop of 14% over the last 12-month average of 29, according to GlobalData’s power industry contracts database.

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

  1. Power Purchase Agreement with 15 contracts and a 60% share
  2. Project Implementation: five contracts and a 20% share
  3. Supply & Erection: four contracts and a 16% share
  4. Electricity Supply: one contract and a 4% share.

The US tops North America solar power contracts activity

The US was the top country in the North America region for solar technology contracts recorded in April 2020 with 23 contracts and a 92% share, followed by Mexico with one contract and a 4% share and Puerto Rico with one contract and a 4% share.

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North America solar technology contracts in April 2020: Top companies by capacity

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

  1. Verizon Communications (United States): 254MW from one contract
  2. Rayburn Country Electric Cooperative, (United States): 249MW from one contract
  3. University of Pennsylvania (United States): 220MW capacity from one contract.

North America solar technology contracts in April 2020: Top winners by capacity

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

  1. Belltown Power (United Kingdom): 330MW from two contracts
  2. Clearway Energy Group L (United States): 296MW from two contracts
  3. Community Energy (United States): 220MW 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.