North America Solar technology contracts activity drops 11% in Q4 2019

22 February 2020 (Last Updated April 2nd, 2020 16:17)

North America Solar technology contracts activity drops 11% in Q4 2019
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North America solar technology contracts in Q4 2019 saw 64 contracts announced, marking a drop of 11% over the last four-quarter average of 72, 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 28 contracts and a 43.8% share
  2. Project Implementation: 15 contracts and a 23.4% share
  3. Supply & Erection: 15 contracts and a 23.4% share
  4. Repair, Maintenance, Upgrade & Others: two contracts and a 3.1% share
  5. Consulting & Similar Services: two contracts and a 3.1% share
  6. Electricity Supply: two contracts and a 3.1% 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 Q4 2019 with 58 contracts and a 90.6% share, followed by Mexico with five contracts and a 7.8% share and Canada with one contract and a 1.6% share.

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North America solar technology contracts in Q4 2019: Top companies by capacity

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

  1. Commonwealth of Virginia (United States): 420MW from one contract
  2. Salt River Project Agricultural Improvement And Power District (United States): 338MW from one contract
  3. Shell Energy North America (US) (United States): 332MW capacity from two contracts.

North America solar technology contracts in Q4 2019: Top winners by capacity

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

  1. NextEra Energy Resources (United States): 438MW from two contracts
  2. Dominion Energy (United States): 420MW from one contract
  3. Hecate Energy (United States): 350MW 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.