Global power industry contracts in Q1 2020: Solar technology down 11%

18 April 2020 (Last Updated April 15th, 2020 15:05)

Global power industry contracts in Q1 2020: Solar technology down 11%

Solar technology contracts activity in Q1 2020 saw 353 contracts announced, marking a drop of 11% over the last four-quarter average of 398, 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 Q1 2020 with a 46.4% share.

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

  1. Project Implementation: 186 contracts and a 52.7% share
  2. Power Purchase Agreement: 81 contracts and a 22.9% share
  3. Supply & Erection: 63 contracts and a 17.8% share
  4. Electricity Supply: 12 contracts and a 3.4% share
  5. Consulting & Similar Services: seven contracts and a 2% share
  6. Repair, Maintenance, Upgrade & Others: four contracts and a 1.1% share.

Europe leads solar contracts activity in Q1 2020

Comparing contracts activity in solar technology in different regions of the globe, Europe held the top position with 109 contracts and a share of 30.9% during Q1 2020, followed by Asia-Pacific with 100 contracts and a 28.3% share and North America with 86 contracts and a 24.4% share.

In fourth place was Middle East and Africa with 34 contracts and a 9.6% share and in fifth place was South and Central America with 24 contracts and a 6.8% share.

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Solar technology contracts in Q1 2020: Top companies by capacity

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

  1. Solar Energy Corporation of India (India): 2,400MW from six contracts
  2. New York State Energy Research & Development Authority (United States): 1,089.89MW from 17 contracts
  3. Rajasthan Solarpark Development (India): 925MW capacity from one contract.

Solar technology contracts in Q1 2020: Top winners by capacity

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

  1. China Gezhouba Group International Engineering (China): 1,550MW from three contracts
  2. NTPC (India): 925MW from one contract
  3. Greenko Group (India): 900MW 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.