Global power industry contracts in February 2020: Solar technology down 24%
Solar technology contracts activity in February 2020 saw 100 contracts announced, marking a drop of 24% over the last 12-month average of 132, 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 February 2020 with a 50.3% share.
The proportion of contracts by category in the Solar technology tracked by GlobalData in the month was as follows:
- Project Implementation: 66 contracts and a 66% share
- Power Purchase Agreement: 19 contracts and a 19% share
- Supply & Erection: 12 contracts and a 12% share
- Electricity Supply: three contracts and a 3% share.
Europe leads solar contracts activity in February 2020
Comparing contracts activity in solar technology in different regions of the globe, Europe held the top position with 56 contracts and a share of 56% during February 2020, followed by North America with 14 contracts and a 14% share and Asia-Pacific with 14 contracts and a 14% share.
In fourth place was South and Central America with ten contracts and a 10% share and in fifth place was Middle East and Africa with six contracts and a 6% share.
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Solar technology contracts in February 2020: Top companies by capacity
The top issuers of contracts in Solar technology for the month in terms of power capacity involved were:
- Rajasthan Solarpark Development (India): 925MW from one contract
- Solarcentury Holdings (United Kingdom): 500MW from two contracts
- Seminole Electric Cooperative, (United States): 298MW capacity from one contract.
Solar technology contracts in February 2020: Top winners by capacity
The top winners of contracts for the month in terms of power capacity involved were:
- NTPC (India): 925MW from one contract
- Proyectos de Instalaciones Electricas (Spain) and China Gezhouba Group International Engineering (China): 500MW from one contract
- NextEra Energy (United States): 298MW capacity from one contract.
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.