Power industry contracts in South and Central America for Q1 2020 down 30%

9 May 2020 (Last Updated April 28th, 2020 10:38)

Power industry contracts in South and Central America for Q1 2020 down 30%

South and Central America power industry contracts activity in Q1 2020 saw 53 contracts announced, marking a drop of 30% over the last four-quarter average of 76, according to GlobalData’s power database.

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South and Central America power industry contracts in Q1 2020: Brazil leads activity

Looking at contracts by country, Brazil led the activity in Q1 2020 with 14 contracts and a share of 26.4%, down 40.3% over the previous quarter and down 62% when compared with the last four-quarter average, followed by Chile with 14 contracts and a share of 26.4% and Honduras with five contracts and a share of 9.4% during the quarter.

Looking at the last four-quarter average, Brazil held the top spot with 37 contracts, followed by Argentina with 13 and Chile with nine contracts.

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Solar is top technology area for contracts in Q1 2020

Looking at contracts divided by the type of technology, solar accounted for the largest proportion with 24 contracts and a 44.4% share, followed by thermal with 13 contracts and a 24.1% share and wind with 12 contracts and a 22.2% share.

Looking at power industry contracts divided by segment as tracked by GlobalData, Power Plant was the most popular segment in South and Central America power contracts activity during Q1 2020, with 23 contracts, followed by Generation Equipment (18) and Electricity Procurement (11).

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

  1. Project Implementation: 19 contracts and a 35.8% share
  2. Supply & Erection: 13 contracts and a 24.5% share
  3. Power Purchase Agreement: nine contracts and a 17% share
  4. Repair, Maintenance, Upgrade & Others: seven contracts and a 13.2% share
  5. Consulting & Similar Services: three contracts and a 5.7% share
  6. Electricity Supply: two contracts and a 3.8% share.

Power contracts in Q1 2020: Top companies by capacity

The top issuers of contracts for the quarter in terms of power capacity involved in South and Central America were:

  1. Anglo American (United Kingdom): 330MW from one contract
  2. DISNORTE-DISSUR (United States): 300MW from one contract
  3. Atlas Renewable Energy (Chile): 244MW capacity from one contract.

Power contracts in Q1 2020: Top winners by capacity

The top winners of contracts for the quarter in terms of power capacity involved in South and Central America were:

  1. Atlas Renewable Energy (Chile): 330MW from one contract
  2. New Fortress Energy L (United States): 300MW from one contract
  3. Proyectos de Instalaciones Electricas (Spain): 244MW 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.