Global power industry contracts in November 2020: Solar technology down 37%

15 December 2020 (Last Updated December 15th, 2020 10:54)

Global power industry contracts in November 2020: Solar technology down 37%

Solar technology contracts activity in November 2020 saw 95 contracts announced, marking a drop of 37% over the last 12-month average of 150, 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 November 2020 with a 44.2% share.

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

  1. Power Purchase Agreement: 40 contracts and a 42.1% share
  2. Supply & Erection: 27 contracts and a 28.4% share
  3. Project Implementation: 23 contracts and a 24.2% share
  4. Electricity Supply: four contracts and a 4.2% share
  5. Consulting & Similar Services: one contract and a 1.1% share.

North America leads solar contracts activity in November 2020

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 33.7% during November 2020, followed by Asia-Pacific with 23 contracts and a 24.2% share and Europe with 21 contracts and a 22.1% share.

In fourth place was Middle East and Africa with 11 contracts and an 11.6% share and in fifth place was South and Central America with eight contracts and an 8.4% share.

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Solar technology contracts in November 2020: Top issuers by capacity

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

  1. Furnas Centrais Eletricas (Brazil): 692MW from one contract
  2. Nucor (United States): 250MW from one contract
  3. Tennessee Valley Authority (United States): 225MW capacity from two contracts.

Solar technology contracts in November 2020: Top winners by capacity

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

  1. Canadian Solar (Canada): 862MW from two contracts
  2. Invenergy L (United States): 325MW from four contracts
  3. EDF Renewables North America (United States): 250MW 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.