Global power industry contracts in Q3 2020: Solar technology down 2%

22 October 2020 (Last Updated October 22nd, 2020 04:01)

Global power industry contracts in Q3 2020: Solar technology down 2%

Solar technology contracts activity in Q3 2020 saw 442 contracts announced, marking a drop of 2% over the last four-quarter average of 450, 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 2020 with a 45.7% share.

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

  1. Project Implementation: 233 contracts and a 52.7% share
  2. Power Purchase Agreement: 113 contracts and a 25.6% share
  3. Supply & Erection: 74 contracts and a 16.7% share
  4. Electricity Supply: 13 contracts and a 2.9% share
  5. Consulting & Similar Services: seven contracts and a 1.6% share
  6. Repair, Maintenance, Upgrade & Others: two contracts and a 0.5% share.

Europe leads solar contracts activity in Q3 2020

Comparing contracts activity in solar technology in different regions of the globe, Europe held the top position with 186 contracts and a share of 42.1% during Q3 2020, followed by Asia-Pacific with 112 contracts and a 25.3% share and North America with 97 contracts and a 21.9% share.

In fourth place was South and Central America with 25 contracts and a 5.7% share and in fifth place was Middle East and Africa with 22 contracts and a 5% share.

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Solar technology contracts in Q3 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): 4,981.95MW from five contracts
  2. Total (France): 3,300MW from one contract
  3. Da Afghanistan Breshna Sherkat (Afghanistan): 3,085MW capacity from four contracts.

Solar technology contracts in Q3 2020: Top winners by capacity

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

  1. Azure Power (India): 4,000MW from one contract
  2. Ignis Energia (Spain): 3,300MW from one contract
  3. PAL four Solar Energy L (United Arab Emirates): 3,000MW 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.