Global power industry contracts in December 2019: Solar technology down 33%

13 January 2020 (Last Updated February 13th, 2020 13:02)

Global power industry contracts in December 2019: Solar technology down 33%

Solar technology contracts activity in December 2019 saw 85 contracts announced, marking a drop of 33% over the last 12-month average of 126, 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 December 2019 with a 42.7% share.

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

  1. Project Implementation: 40 contracts and a 47.1% share
  2. Power Purchase Agreement: 25 contracts and a 29.4% share
  3. Supply & Erection: 18 contracts and a 21.2% share
  4. Electricity Supply: one contract and a 1.2% share
  5. Repair, Maintenance, Upgrade & Others: one contract and a 1.2% share.

Europe leads solar contracts activity in December 2019

Comparing contracts activity in solar technology in different regions of the globe, Europe held the top position with 46 contracts and a share of 54.1% during December 2019, followed by Asia-Pacific with 17 contracts and a 20% share and North America with 11 contracts and a 12.9% share.

In fourth place was Middle East and Africa with seven contracts and an 8.2% share and in fifth place was South and Central America with four contracts and a 4.7% share.

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Solar technology contracts in December 2019: Top companies by capacity

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

  1. KGAL Investment Management GmbH & (Germany): 440MW from one contract
  2. Statkraft (Norway): 252MW from one contract
  3. Uttar Pradesh Power (India), Lightsource BP Renewable Energy Investments (United Kingdom), Egyptian Electricity Transmission (Egypt) and El Paso Electric (United States): 200MW capacity from one contract.

Solar technology contracts in December 2019: Top winners by capacity

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

  1. STEAG Solar Energy Solutions (Germany): 440MW from one contract
  2. Solaria Energia y Medio Ambiente (Spain): 357MW from two contracts
  3. EDF Renewables North America (United States): 232MW 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.