Global power industry contracts in May 2020: Solar technology down 42%

8 June 2020 (Last Updated August 16th, 2020 10:41)

Global power industry contracts in May 2020: Solar technology down 42%

Solar technology contracts activity in May 2020 saw 80 contracts announced, marking a drop of 42% over the last 12-month average of 139, 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 May 2020 with a 39.4% share.

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

  1. Project Implementation: 33 contracts and a 41.3% share
  2. Power Purchase Agreement: 25 contracts and a 31.3% share
  3. Supply & Erection: 17 contracts and a 21.3% share
  4. Repair, Maintenance, Upgrade & Others: two contracts and a 2.5% share
  5. Electricity Supply: two contracts and a 2.5% share
  6. Consulting & Similar Services: one contract and a 1.3% share.

North America leads solar contracts activity in May 2020

Comparing contracts activity in solar technology in different regions of the globe, North America held the top position with 33 contracts and a share of 41.3% during May 2020, followed by Asia-Pacific with 22 contracts and a 27.5% share and Europe with 14 contracts and a 17.5% share.

In fourth place was Middle East and Africa with seven contracts and an 8.8% share and in fifth place was South and Central America with four contracts and a 5% share.

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Solar technology contracts in May 2020: Top companies by capacity

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

  1. ZESCO (Zambia): 600MW from one contract
  2. Solar Energy Corporation of India (India): 400MW from one contract
  3. CleanCo Queensland: 352MW capacity from one contract.

Solar technology contracts in May 2020: Top winners by capacity

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

  1. Power Construction Corporation of China (China): 600MW from one contract
  2. Renew Solar Power Pvt (India): 400MW from one contract
  3. Neoen Australia Pty (Australia): 352MW 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.