Global power industry contracts in January 2020: Solar technology down 31%

21 February 2020 (Last Updated February 21st, 2020 07:38)

Global power industry contracts in January 2020: Solar technology down 31%

Solar technology contracts activity in January 2020 saw 88 contracts announced, marking a drop of 31% over the last 12-month average of 127, 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 January 2020 with a 44% share.

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

  1. Power Purchase Agreement: 31 contracts and a 35.2% share
  2. Project Implementation: 31 contracts and a 35.2% share
  3. Supply & Erection: 14 contracts and a 15.9% share
  4. Electricity Supply: six contracts and a 6.8% share
  5. Repair, Maintenance, Upgrade & Others: four contracts and a 4.5% share
  6. Consulting & Similar Services: two contracts and a 2.3% share.

North America leads solar contracts activity in January 2020

Comparing contracts activity in solar technology in different regions of the globe, North America held the top position with 25 contracts and a share of 28.4% during January 2020, followed by Asia-Pacific with 24 contracts and a 27.3% share and Europe with 22 contracts and a 25% share.

In fourth place was Middle East and Africa with 13 contracts and a 14.8% share and in fifth place was South and Central America with four contracts and a 4.5% share.

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Solar technology contracts in January 2020: Top companies by capacity

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

  1. Qatar General Electricity and Water (Qatar): 800MW from one contract
  2. Tri-State Generation and Transmission Association (United States): 615MW from five contracts
  3. Peacock Investment: 500MW capacity from one contract.

Solar technology contracts in January 2020: Top winners by capacity

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

  1. China Gezhouba Group International Engineering (China): 1,000MW from one contract
  2. Marubeni (Japan), Qatar Electricity & Water Co QPSC (Qatar), Qatar Petroleum (Qatar) and Total Solar International (France): 800MW from one contract
  3. China Gezhouba Group (China): 500MW 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.