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  1. Market Data
October 26, 2021

Europe Solar technology contracts activity drops 56% in Q3 2021

Europe solar technology contracts in Q3 2021 saw 90 contracts announced, marking a drop of 56% over the last four-quarter average of 203, according to GlobalData’s power industry contracts database.

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

  1. Project Implementation with 50 contracts and a 55.6% share
  2. Power Purchase Agreement: 18 contracts and a 20% share
  3. Supply & Erection: 14 contracts and a 15.6% share
  4. Repair, Maintenance, Upgrade & Others: four contracts and a 4.4% share
  5. Consulting & Similar Services: three contracts and a 3.3% share
  6. Electricity Supply: one contract and a 1.1% share.

Russia tops Europe solar power contracts activity

Russia was the top country in the Europe region for solar technology contracts recorded in Q3 2021 with 21 contracts and a 23.3% share, followed by Spain with 20 contracts and a 22.2% share and the UK with eight contracts and an 8.9% share.

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Europe solar technology contracts in Q3 2021: Top companies by capacity

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

  1. AO ATC (Russia): 774.84MW from 18 contracts
  2. Armenia Renewable Resources and Energy Efficiency Fund and KlimaVest: 200MW from one contract
  3. The Procter & Gamble (United States): 127.5MW capacity from one contract.

Europe solar technology contracts in Q3 2021: Top winners by capacity

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

  1. Unigreen Power (Russia): 545MW from ten contracts
  2. Abu Dhabi Future Energy (United Arab Emirates) and AMPYR Solar Europe (United Kingdom): 200MW from one contract
  3. EDP Renovaveis (Spain): 127.5MW 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.

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