North America Solar technology contracts activity rises 18% in Q2 2020

19 August 2020 (Last Updated August 19th, 2020 15:19)

North America Solar technology contracts activity rises 18% in Q2 2020

North America solar technology contracts in Q2 2020 saw 109 contracts announced, marking a rise of 18% over the last four-quarter average of 92, 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. Power Purchase Agreement with 55 contracts and a 50.5% share
  2. Project Implementation: 35 contracts and a 32.1% share
  3. Supply & Erection: 13 contracts and an 11.9% share
  4. Electricity Supply: four contracts and a 3.7% share
  5. Consulting & Similar Services: one contract and a 0.9% share
  6. Repair, Maintenance, Upgrade & Others: one contract and a 0.9% 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 Q2 2020 with 102 contracts and a 93.6% share, followed by Canada with four contracts and a 3.7% share and Mexico with two contracts and a 1.8% share.

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North America solar technology contracts in Q2 2020: Top issuers by capacity

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

  1. Innergex Renewable Energy (Canada) and Tennessee Valley Authority (United States): 265MW from one contract
  2. Verizon Communications (United States): 254MW from one contract
  3. Rayburn Country Electric Cooperative, (United States): 249MW capacity from one contract.

North America solar technology contracts in Q2 2020: Top winners by capacity

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

  1. Belltown Power (United Kingdom): 330MW from two contracts
  2. First Solar (United States): 325MW from two contracts
  3. Community Energy (United States): 320MW capacity from two 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.