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September 8, 2021

Global power industry contracts in August 2021: Solar technology down 28%

By admin-demo

Solar technology contracts activity in August 2021 saw 125 contracts announced, marking a drop of 28% over the last 12-month average of 173, 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 August 2021 with a 51.9% share.

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

  1. Power Purchase Agreement: 50 contracts and a 40% share
  2. Project Implementation: 39 contracts and a 31.2% share
  3. Supply & Erection: 27 contracts and a 21.6% share
  4. Electricity Supply: six contracts and a 4.8% share
  5. Consulting & Similar Services: two contracts and a 1.6% share
  6. Repair, Maintenance, Upgrade & Others: one contract and a 0.8% share.

Asia-Pacific leads solar contracts activity in August 2021

Comparing contracts activity in solar technology in different regions of the globe, Asia-Pacific held the top position with 54 contracts and a share of 43.2% during August 2021, followed by North America with 37 contracts and a 29.6% share and Europe with 13 contracts and a 10.4% share.

In fourth place was Middle East and Africa with 13 contracts and a 10.4% share and in fifth place was South and Central America with eight contracts and a 6.4% share.

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Solar technology contracts in August 2021: Top companies by capacity

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

  1. Government of Iraq (Iraq): 2,000MW from one contract
  2. Solar Energy Corporation of India (India): 1,600MW from five contracts
  3. Tenaga Nasional (Malaysia): 576MW capacity from 12 contracts.

Solar technology contracts in August 2021: Top winners by capacity

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

  1. Power Construction Corporation of China (China): 2,000MW from one contract
  2. ReNew Power Ventures Pvt (India): 900MW from two contracts
  3. NTPC (India): 550MW 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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