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

22 September 2020 (Last Updated September 22nd, 2020 14:02)

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.

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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.

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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.