Power industry contracts in South and Central America for Q2 2020 down 34%

9 August 2020 (Last Updated August 17th, 2020 08:50)

Power industry contracts in South and Central America for Q2 2020 down 34%
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South and Central America power industry contracts activity in Q2 2020 saw 54 contracts announced, marking a drop of 34% over the last four-quarter average of 82, according to GlobalData’s power database.

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South and Central America power industry contracts in Q2 2020: Brazil leads activity

Looking at contracts by country, Brazil led the activity in Q2 2020 with 20 contracts and a share of 37%, up 11.5% over the previous quarter and down 49% when compared with the last four-quarter average, followed by Chile with 15 contracts and a share of 27.8% and Argentina with four contracts and a share of 7.4% during the quarter.

Looking at the last four-quarter average, Brazil held the top spot with 39 contracts, followed by Argentina with 13 and Chile with 12 contracts.

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Wind is top technology area for contracts in Q2 2020

Looking at contracts divided by the type of technology, wind accounted for the largest proportion with 18 contracts and a 36.7% share, followed by solar with 15 contracts and a 30.6% share and hydro with nine contracts and an 18.4% share.

Looking at power industry contracts divided by segment as tracked by GlobalData, Electricity Procurement was the most popular segment in South and Central America power contracts activity during Q2 2020, with 18 contracts, followed by Generation Equipment (16) and T&D Project (12).

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

  1. Power Purchase Agreement: 18 contracts and a 33.3% share
  2. Project Implementation: 15 contracts and a 27.8% share
  3. Supply & Erection: 15 contracts and a 27.8% share
  4. Repair, Maintenance, Upgrade & Others: five contracts and a 9.3% share
  5. Consulting & Similar Services: one contract and a 1.9% share.

Power contracts in Q2 2020: Top issuers by capacity

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

  1. Braskem (Brazil): 152MW from one contract
  2. Companhia Paranaense de Energia (Brazil): 122MW from one contract
  3. Panasolar Generation (Panama): 110MW capacity from one contract.

Power contracts in Q2 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. Wartsila (Finland): 400MW from one contract
  2. Canadian Solar (Canada): 274MW from two contracts
  3. China Gezhouba Group (China): 110MW 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.