Global power industry contracts in October 2019: Solar technology down 14%

21 November 2019 (Last Updated November 21st, 2019 06:25)

Global power industry contracts in October 2019: Solar technology down 14%

Solar technology contracts activity in October 2019 saw 105 contracts announced, marking a drop of 14% over the last 12-month average of 122, 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 October 2019 with a 35% share.

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

  1. Project Implementation: 60 contracts and a 57.1% share
  2. Power Purchase Agreement: 31 contracts and a 29.5% share
  3. Supply & Erection: 13 contracts and a 12.4% share
  4. Electricity Supply: one contract and a 1% share.

Europe leads solar contracts activity in October 2019

Comparing contracts activity in solar technology in different regions of the globe, Europe held the top position with 46 contracts and a share of 43.8% during October 2019, followed by Asia-Pacific with 23 contracts and a 21.9% share and South and Central America with 16 contracts and a 15.2% share.

In fourth place was North America with 14 contracts and a 13.3% share and in fifth place was Middle East and Africa with six contracts and a 5.7% share.

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Solar technology contracts in October 2019: Top companies by capacity

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

  1. Solar Energy Corporation of India (India): 960MW from four contracts
  2. Agencia Nacional de Energia Eletrica, Brazil (Brazil): 530MW from 11 contracts
  3. Commonwealth of Virginia (United States): 420MW capacity from one contract.

Solar technology contracts in October 2019: Top winners by capacity

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

  1. Dominion Energy (United States): 420MW from one contract
  2. Avaada Energy (India), Powertis (Spain), ReNew Power Ventures Pvt (India) and TBEA Energy (India) Pvt (India): 300MW from one contract
  3. Proyectos de Instalaciones Electricas (Spain) and Powerchina International Group (China): 296MW 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.