North America Solar technology contracts activity remain flat in Q1 2020

6 May 2020 (Last Updated May 6th, 2020 14:22)

North America Solar technology contracts activity remain flat in Q1 2020

North America solar technology contracts in Q1 2020 saw 86 contracts announced, marking a flat growth over the last four-quarter average of 86, 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 quarter was as follows:

  1. Project Implementation with 40 contracts and a 46.5% share
  2. Power Purchase Agreement: 27 contracts and a 31.4% share
  3. Supply & Erection: 12 contracts and a 14% share
  4. Electricity Supply: five contracts and a 5.8% share
  5. Consulting & Similar Services: two contracts and a 2.3% 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 Q1 2020 with 79 contracts and a 91.9% share, followed by Mexico with five contracts and a 5.8% share and Canada with two contracts and a 2.3% share.

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North America solar technology contracts in Q1 2020: Top companies by capacity

The top issuers of contracts for the quarter 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. Tri-State Generation and Transmission Association (United States): 615MW from five contracts
  3. Seminole Electric Cooperative, (United States): 298MW capacity from one contract.

North America solar technology contracts in Q1 2020: Top winners by capacity

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

  1. China Gezhouba Group International Engineering (China): 1,000MW from one contract
  2. Juwi (United States): 415MW from four contracts
  3. NextEra Energy Resources L (United States): 383MW capacity from three 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.