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  1. Market Data
April 11, 2022

Europe Solar technology contracts activity drops 61% in Q1 2022

By Carmen

Europe solar technology contracts in Q1 2022 saw 67 contracts announced, marking a drop of 61% over the last four-quarter average of 174, 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 27 contracts and a 40.3% share
  2. Power Purchase Agreement: 23 contracts and a 34.3% share
  3. Supply & Erection: 12 contracts and a 17.9% share
  4. Consulting & Similar Services: four contracts and a 6% share
  5. Electricity Supply: one contract and a 1.5% share.

Spain tops Europe solar power contracts activity

Spain was the top country in the Europe region for solar technology contracts recorded in Q1 2022 with 14 contracts and a 20.9% share, followed by Germany with 12 contracts and a 17.9% share and Albania with seven contracts and a 10.4% share.

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Europe solar technology contracts in Q1 2022: Top companies by capacity

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

  1. BeGreen (Denmark): 328.7MW from one contract
  2. Axpo Holding (Switzerland): 300MW from one contract
  3. Enovos Renewables (Germany) and SWT Stadtwerke Trier (Germany): 214MW capacity from one contract.

Europe solar technology contracts in Q1 2022: Top winners by capacity

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

  1. Chint Solar Nederland Projecten (Netherlands): 448.7MW from two contracts
  2. InTEC Energy Solutions (Germany): 328.7MW from one contract
  3. R Power (Poland): 300MW 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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