Solar technology contracts activity in January 2022 saw 77 contracts announced, marking a drop of 55% over the last 12-month average of 170, 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 January 2022 with a 52.4% share.

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

  1. Power Purchase Agreement: 34 contracts and a 44.2% share
  2. Project Implementation: 22 contracts and a 28.6% share
  3. Supply & Erection: 16 contracts and a 20.8% share
  4. Repair, Maintenance, Upgrade & Others: two contracts and a 2.6% share
  5. Consulting & Similar Services: two contracts and a 2.6% share
  6. Electricity Supply: one contract and a 1.3% share.

Asia-Pacific leads solar contracts activity in January 2022

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Comparing contracts activity in solar technology in different regions of the globe, Asia-Pacific held the top position with 31 contracts and a share of 40.3% during January 2022, followed by North America with 19 contracts and a 24.7% share and Europe with 18 contracts and a 23.4% share.

In fourth place was South and Central America with five contracts and a 6.5% share and in fifth place was Middle East and Africa with four contracts and a 5.2% share.

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Solar technology contracts in January 2022: Top companies by capacity

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

  1. Axpo Holding (Switzerland) and Huaneng Lancang River Hydropower (China): 300MW from one contract
  2. Buckeye Partners (United States): 270MW from one contract
  3. Uttar Pradesh Power (India): 125MW capacity from one contract.

Solar technology contracts in January 2022: Top winners by capacity

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

  1. China Power Engineering Consulting Group (China): 574MW from five contracts
  2. R Power (Poland): 300MW from one contract
  3. Black & Veatch (United States): 270MW 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.