Global power industry contracts in Q2 2020: Solar technology up 23%

16 August 2020 (Last Updated August 14th, 2020 08:41)

Global power industry contracts in Q2 2020: Solar technology up 23%

Solar technology contracts activity in Q2 2020 saw 484 contracts announced, marking a rise of 23% over the last four-quarter average of 392, 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 Q2 2020 with a 49.7% share.

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

  1. Project Implementation: 313 contracts and a 64.7% share
  2. Power Purchase Agreement: 95 contracts and a 19.6% share
  3. Supply & Erection: 61 contracts and a 12.6% share
  4. Consulting & Similar Services: six contracts and a 1.2% share
  5. Repair, Maintenance, Upgrade & Others: five contracts and a 1% share
  6. Electricity Supply: four contracts and a 0.8% share.

Europe leads solar contracts activity in Q2 2020

Comparing contracts activity in solar technology in different regions of the globe, Europe held the top position with 240 contracts and a share of 49.6% during Q2 2020, followed by North America with 109 contracts and a 22.5% share and Asia-Pacific with 96 contracts and a 19.8% share.

In fourth place was Middle East and Africa with 24 contracts and a 5% share and in fifth place was South and Central America with 15 contracts and a 3.1% share.

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Solar technology contracts in Q2 2020: Top issuers 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): 10,400MW from nine contracts
  2. NHPC (India): 2,000MW from five contracts
  3. Dubai Electricity and Water Authority (United Arab Emirates): 900MW capacity from one contract.

Solar technology contracts in Q2 2020: Top winners by capacity

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

  1. Adani Green Energy (India): 8,000MW from one contract
  2. Power Construction Corporation of China (China): 1,150MW from two contracts
  3. ACWA Power International (Saudi Arabia): 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.