Global power industry contracts in August 2020: Solar technology down 1%

Solar technology contracts activity in August 2020 saw 149 contracts announced, marking a drop of 1% over the last 12-month average of 151, according to GlobalData’s power industry contracts database.

Looking at global power contracts activity divided by the type of technology, solar held the top position in terms of number of contracts during August 2020 with a 47.9% share.

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

1. Project Implementation: 94 contracts and a 63.1% share
2. Power Purchase Agreement: 28 contracts and an 18.8% share
3. Supply & Erection: 20 contracts and a 13.4% share
4. Electricity Supply: six contracts and a 4% share
5. Consulting & Similar Services: one contract and a 0.7% share.

Europe leads solar contracts activity in August 2020

Comparing contracts activity in solar technology in different regions of the globe, Europe held the top position with 90 contracts and a share of 60.4% during August 2020, followed by Asia-Pacific with 31 contracts and a 20.8% share and North America with 22 contracts and a 14.8% share.

In fourth place was South and Central America with four contracts and a 2.7% share and in fifth place was Middle East and Africa with two contracts and a 1.3% share.

Solar technology contracts in August 2020: Top issuers by capacity

The top issuers of contracts in Solar technology for the month in terms of power capacity involved were:

1. Da Afghanistan Breshna Sherkat (Afghanistan): 3,000MW from one contract
2. NTPC (India): 1,170MW from four contracts
3. Gujarat Urja Vikas Nigam (India): 1,050MW capacity from eight contracts.

Solar technology contracts in August 2020: Top winners by capacity

The top winners of contracts for the month in terms of power capacity involved were:

1. PAL four Solar Energy L (United Arab Emirates): 3,000MW from one contract
2. NHPC (India): 1,300MW from two contracts
3. Tata Power Renewable Energy (India): 470MW 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.