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August 20, 2021

Europe Solar technology contracts activity drops 60% in July 2021

Europe solar technology contracts in July 2021 saw 27 contracts announced, marking a drop of 60% over the last 12-month average of 67, 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 month was as follows:

  1. Power Purchase Agreement with nine contracts and a 33.3% share
  2. Project Implementation: nine contracts and a 33.3% share
  3. Supply & Erection: five contracts and an 18.5% share
  4. Consulting & Similar Services: two contracts and a 7.4% share
  5. Electricity Supply: one contract and a 3.7% share
  6. Repair, Maintenance, Upgrade & Others: one contract and a 3.7% share.

Spain tops Europe solar power contracts activity

Spain was the top country in the Europe region for solar technology contracts recorded in July 2021 with seven contracts and a 25.9% share, followed by Portugal with five contracts and an 18.5% share and Russia with three contracts and an 11.1% share.

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

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

  1. Armenia Renewable Resources and Energy Efficiency Fund: 200MW from one contract
  2. BP (United Kingdom) and Lightsource BP Renewable Energy Investments (United Kingdom): 100MW from one contract
  3. Smartenergy Invest (Switzerland) and Edisun Power Europe (Switzerland): 72.4MW capacity from two contracts.

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

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

  1. Abu Dhabi Future Energy (United Arab Emirates): 200MW from one contract
  2. Grupotec Servicios Avanzados (Spain) and Lightsource BP Renewable Energy Investments (United Kingdom): 100MW from one contract
  3. Efacec Power Solutions SGPS (Portugal): 72.4MW capacity from two 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.

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