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  1. Market Data
May 9, 2022

Global power industry contracts in April 2022: Solar technology down 12%

By Carmen

Solar technology contracts activity in April 2022 saw 129 contracts announced, marking a drop of 12% over the last 12-month average of 147, according to GlobalData’s power industry contracts database.

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Looking at global power contracts activity divided by the type of technology, solar held the top position in terms of number of contracts during April 2022 with a 53.5% share.

The proportion of contracts by category in the Solar technology tracked by GlobalData in the month was as follows:

  1. Project Implementation: 59 contracts and a 45.7% share
  2. Power Purchase Agreement: 34 contracts and a 26.4% share
  3. Supply & Erection: 31 contracts and a 24% share
  4. Consulting & Similar Services: four contracts and a 3.1% share
  5. Repair, Maintenance, Upgrade & Others: one contract and a 0.8% share.

Asia-Pacific leads solar contracts activity in April 2022

Comparing contracts activity in solar technology in different regions of the globe, Asia-Pacific held the top position with 70 contracts and a share of 54.3% during April 2022, followed by Europe with 21 contracts and a 16.3% share and North America with 18 contracts and a 14% share.

In fourth place was South and Central America with 12 contracts and a 9.3% share and in fifth place was Middle East and Africa with eight contracts and a 6.2% share.

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Solar technology contracts in April 2022: Top companies by capacity

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

  1. Riau Islands: 3,062MW from one contract
  2. County of Buxel and Government of Xinjiang Tacheng: 3,000MW from one contract
  3. West Holdings (Japan): 2,700MW capacity from four contracts.

Solar technology contracts in April 2022: Top winners by capacity

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

  1. Sunseap Group (Singapore): 3,062MW from one contract
  2. JERA (Japan): 2,700MW from four contracts
  3. Azure Power (India): 1,700MW 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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