Global power industry contracts in Q4 2020: Solar technology down 28%

11 January 2021 (Last Updated January 11th, 2021 04:26)

Global power industry contracts in Q4 2020: Solar technology down 28%

Solar technology contracts activity in Q4 2020 saw 331 contracts announced, marking a drop of 28% over the last four-quarter average of 458, 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 Q4 2020 with a 41.4% share.

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

  1. Power Purchase Agreement: 118 contracts and a 35.6% share
  2. Project Implementation: 103 contracts and a 31.1% share
  3. Supply & Erection: 90 contracts and a 27.2% share
  4. Electricity Supply: 13 contracts and a 3.9% share
  5. Repair, Maintenance, Upgrade & Others: four contracts and a 1.2% share
  6. Consulting & Similar Services: three contracts and a 0.9% share.

Asia-Pacific leads solar contracts activity in Q4 2020

Comparing contracts activity in solar technology in different regions of the globe, Asia-Pacific held the top position with 114 contracts and a share of 34.4% during Q4 2020, followed by North America with 101 contracts and a 30.5% share and Europe with 60 contracts and an 18.1% share.

In fourth place was Middle East and Africa with 33 contracts and a 10% share and in fifth place was South and Central America with 23 contracts and a 6.9% share.

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Solar technology contracts in Q4 2020: Top issuers by capacity

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

  1. Amazon Web Services (United States): 1,291MW from four contracts
  2. Northern Indiana Public Service Co L (United States): 1,180MW from four contracts
  3. Terra-Gen L (United States): 1,118MW capacity from one contract.

Solar technology contracts in Q4 2020: Top winners by capacity

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

  1. Mortenson Construction (United States): 1,118MW from one contract
  2. NextEra Energy Resources L (United States): 900MW from three contracts
  3. Canadian Solar (Canada): 881MW capacity from three 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.