Global power industry contracts in July 2019: Solar technology down 40%

12 August 2019 (Last Updated August 12th, 2019 10:55)

Global power industry contracts in July 2019: Solar technology down 40%

Solar technology contracts activity in July 2019 saw 79 contracts announced, marking a drop of 40% 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 July 2019 with a 43.2% share.

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

  1. Project Implementation: 35 contracts and a 44.3% share
  2. Power Purchase Agreement: 27 contracts and a 34.2% share
  3. Supply & Erection: 15 contracts and a 19% share
  4. Electricity Supply: two contracts and a 2.5% share.

Asia-Pacific leads solar contracts activity in July 2019

Comparing contracts activity in solar technology in different regions of the globe, Asia-Pacific held the top position with 28 contracts and a share of 35.4% during July 2019, followed by Europe with 28 contracts and a 35.4% share and North America with 15 contracts and a 19% share.

In fourth place was Middle East and Africa with five contracts and a 6.3% share and in fifth place was South and Central America with three contracts and a 3.8% share.

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Solar technology contracts in July 2019: Top companies by capacity

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

  1. Rajasthan Urja Vikas Nigam: 750MW from one contract
  2. Solar Energy Corporation of India (India): 450MW from one contract
  3. Ministry of Energy and Hydraulic Resources: 400MW capacity from one contract.

Solar technology contracts in July 2019: Top winners by capacity

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

  1. Solar Energy Corporation of India (India): 750MW from one contract
  2. Eden Renewable Cite Pvt (India): 716MW from four contracts
  3. Hanergy Thin Film Power Group (Hong Kong): 400MW 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.