Global power industry contracts in March 2020: Solar technology down 23%

16 April 2020 (Last Updated April 16th, 2020 13:06)

Global power industry contracts in March 2020: Solar technology down 23%

Solar technology contracts activity in March 2020 saw 103 contracts announced, marking a drop of 23% over the last 12-month average of 133, 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 March 2020 with a 42.2% share.

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

  1. Project Implementation: 53 contracts and a 51.5% share
  2. Supply & Erection: 26 contracts and a 25.2% share
  3. Power Purchase Agreement: 21 contracts and a 20.4% share
  4. Consulting & Similar Services: two contracts and a 1.9% share
  5. Electricity Supply: one contract and a 1% share.

Asia-Pacific leads solar contracts activity in March 2020

Comparing contracts activity in solar technology in different regions of the globe, Asia-Pacific held the top position with 37 contracts and a share of 35.9% during March 2020, followed by North America with 35 contracts and a 34% share and Europe with 11 contracts and a 10.7% share.

In fourth place was Middle East and Africa with ten contracts and a 9.7% share and in fifth place was South and Central America with ten contracts and a 9.7% share.

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Solar technology contracts in March 2020: Top companies by capacity

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

  1. New York State Energy Research & Development Authority (United States): 1,089.89MW from 17 contracts
  2. Gujarat Urja Vikas Nigam (India): 350MW from three contracts
  3. Anglo American (United Kingdom): 330MW capacity from one contract.

Solar technology contracts in March 2020: Top winners by capacity

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

  1. NextEra Energy Resources L (United States): 380MW from two contracts
  2. Atlas Renewable Energy (Chile): 330MW from one contract
  3. ConnectGen L (United States): 270MW 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.