North America Solar technology contracts activity rises 10% in May 2020

7 June 2020 (Last Updated August 16th, 2020 05:07)

North America Solar technology contracts activity rises 10% in May 2020

North America solar technology contracts in May 2020 saw 33 contracts announced, marking a rise of 10% over the last 12-month average of 30, 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 45.5% share
  2. Project Implementation: 13 contracts and a 39.4% share
  3. Supply & Erection: three contracts and a 9.1% share
  4. Electricity Supply: two contracts and a 6.1% 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 May 2020 with 32 contracts and a 97% share, followed by Mexico with one contract and a 3% share.

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

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

  1. Big Rivers Electric (United States), General Motors (United States) and Redwood Coast Energy Authority (United States): 100MW from one contract
  2. Tennessee Valley Authority (United States): 90MW from one contract
  3. Silicon Ranch (United States): 86MW capacity from one contract.

North America solar technology contracts in May 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): 125MW from two contracts
  2. Tennessee Valley Authority (United States), Community Energy (United States) and EDP Renewables North America L (United States): 100MW from one contract
  3. OPDE Investment Espana (Spain): 90MW 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.