North America Solar technology contracts activity rises 30% in March 2020

29 April 2020 (Last Updated April 29th, 2020 15:13)

North America Solar technology contracts activity rises 30% in March 2020
Oil and gas companies are making moves into the UK energy market.

North America solar technology contracts in March 2020 saw 35 contracts announced, marking a rise of 30% over the last 12-month average of 27, according to GlobalData’s power industry contracts database.

  • Embed this chart

    Embed this chart into your website

    Copy and paste the code below into your website to display the chart.

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

  1. Project Implementation with 25 contracts and a 71.4% share
  2. Power Purchase Agreement: six contracts and a 17.1% share
  3. Supply & Erection: four contracts and an 11.4% 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 March 2020 with 31 contracts and an 88.6% share, followed by Mexico with three contracts and an 8.6% share and Canada with one contract and a 2.9% share.

  • Embed this chart

    Embed this chart into your website

    Copy and paste the code below into your website to display the chart.

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

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

  1. New York State Energy Research & Development Authority (United States): 1,089.89MW from 17 contracts
  2. Techgen S.A. de (Mexico): 103MW from one contract
  3. Old Dominion Electric Cooperative (United States): 60MW capacity from one contract.

North America solar technology 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. NextEra Energy Resources L (United States): 380MW from two contracts
  2. ConnectGen L (United States): 270MW from one contract
  3. SunEast Development L (United States): 219.94MW capacity from eight 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.