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

18 December 2019 (Last Updated December 18th, 2019 08:25)

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

Solar technology contracts activity in November 2019 saw 79 contracts announced, marking a drop of 40% over the last 12-month average of 131, 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 second position in terms of number of contracts during November 2019 with a 33.6% share.

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

  1. Supply & Erection: 29 contracts and a 36.7% share
  2. Project Implementation: 25 contracts and a 31.6% share
  3. Power Purchase Agreement: 21 contracts and a 26.6% share
  4. Repair, Maintenance, Upgrade & Others: two contracts and a 2.5% share
  5. Consulting & Similar Services: one contract and a 1.3% share
  6. Electricity Supply: one contract and a 1.3% share.

North America leads solar contracts activity in November 2019

Comparing contracts activity in solar technology in different regions of the globe, North America held the top position with 32 contracts and a share of 40.5% during November 2019, followed by Asia-Pacific with 21 contracts and a 26.6% share and Europe with 12 contracts and a 15.2% share.

In fourth place was Middle East and Africa with eight contracts and a 10.1% share and in fifth place was South and Central America with six contracts and a 7.6% share.

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Solar technology contracts in November 2019: Top companies by capacity

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

  1. Dubai Electricity and Water Authority (United Arab Emirates): 900MW from one contract
  2. Salt River Project Agricultural Improvement And Power District (United States): 338MW from one contract
  3. Shell Energy North America (US) (United States): 200MW capacity from one contract.

Solar technology contracts in November 2019: 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): 1,050MW from two contracts
  2. Gulf Investment (Kuwait) and ACWA Holding (Saudi Arabia): 900MW from one contract
  3. NextEra Energy Resources (United States): 338MW 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.