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Power industry contracts in South and Central America for Q4 2020 down 35%

25 Jan 2021 (Last Updated January 25th, 2021 09:00)

Power industry contracts in South and Central America for Q4 2020 down 35%

South and Central America power industry contracts activity in Q4 2020 saw 53 contracts announced, marking a drop of 35% over the last four-quarter average of 81, according to GlobalData’s power database.

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South and Central America power industry contracts in Q4 2020: Brazil leads activity

Looking at contracts by country, Brazil led the activity in Q4 2020 with 25 contracts and a share of 47.2%, up 18.9% over the previous quarter and down 34% when compared with the last four-quarter average, followed by Chile with 12 contracts and a share of 22.6% and Colombia with six contracts and a share of 11.3% during the quarter.

Looking at the last four-quarter average, Brazil held the top spot with 38 contracts, followed by Chile with 17 and Colombia with seven contracts.

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Solar is top technology area for contracts in Q4 2020

Looking at contracts divided by the type of technology, solar accounted for the largest proportion with 23 contracts and a 43.4% share, followed by wind with 16 contracts and a 30.2% share and hydro with seven contracts and a 13.2% share.

Looking at power industry contracts divided by segment as tracked by GlobalData, Generation Equipment was the most popular segment in South and Central America power contracts activity during Q4 2020, with 21 contracts, followed by Electricity Procurement (13) and Power Plant (9).

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

  1. Supply & Erection: 25 contracts and a 47.2% share
  2. Power Purchase Agreement: ten contracts and an 18.9% share
  3. Project Implementation: ten contracts and an 18.9% share
  4. Repair, Maintenance, Upgrade & Others: three contracts and a 5.7% share
  5. Electricity Supply: three contracts and a 5.7% share
  6. Consulting & Similar Services: two contracts and a 3.8% share.

Power contracts in Q4 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. Furnas Centrais Eletricas (Brazil): 692MW from one contract
  2. BTG Pactual (Brazil): 170MW from one contract
  3. Celsia (Colombia): 72MW capacity from one contract.

Power contracts in Q4 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. China Gezhouba Group International Engineering (China): 869MW from two contracts
  2. Canadian Solar (Canada): 862MW from two contracts
  3. Grenergy Renovables (Spain): 72MW 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.