Global power industry contracts in Q3 2019: Solar technology down 13%

16 October 2019 (Last Updated October 16th, 2019 08:02)

Global power industry contracts in Q3 2019: Solar technology down 13%

Solar technology contracts activity in Q3 2019 saw 348 contracts announced, marking a drop of 13% over the last four-quarter average of 400, 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 Q3 2019 with a 52.2% share.

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

  1. Project Implementation: 217 contracts and a 62.4% share
  2. Power Purchase Agreement: 70 contracts and a 20.1% share
  3. Supply & Erection: 44 contracts and a 12.6% share
  4. Consulting & Similar Services: nine contracts and a 2.6% share
  5. Electricity Supply: six contracts and a 1.7% share
  6. Repair, Maintenance, Upgrade & Others: two contracts and a 0.6% share.

Europe leads solar contracts activity in Q3 2019

Comparing contracts activity in solar technology in different regions of the globe, Europe held the top position with 182 contracts and a share of 52.3% during Q3 2019, followed by Asia-Pacific with 72 contracts and a 20.7% share and North America with 54 contracts and a 15.5% share.

In fourth place was South and Central America with 24 contracts and a 6.9% share and in fifth place was Middle East and Africa with 16 contracts and a 4.6% share.

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Solar technology contracts in Q3 2019: Top companies by capacity

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

  1. Ministro do Ambiente e da Transicao Energetica (Portugal): 1,150MW from 25 contracts
  2. Solar Energy Corporation of India (India): 930MW from three contracts
  3. Ministere de l’Environnement, de l’Energie et de la Mer (France): 857.97MW capacity from 107 contracts.

Solar technology contracts in Q3 2019: Top winners by capacity

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

  1. Solar Energy Corporation of India (India): 1,580MW from three contracts
  2. Invenergy (United States): 800MW from one contract
  3. Eden Renewable Cite Pvt (India): 716MW capacity from four contracts.

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.