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July 14, 2022

Global power industry contracts in June 2022: Solar technology down 61%

By Carmen

Solar technology contracts activity in June 2022 saw 58 contracts announced, marking a drop of 61% 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 June 2022 with a 46.4% share.

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

  1. Power Purchase Agreement: 28 contracts and a 48.3% share
  2. Project Implementation: 24 contracts and a 41.4% share
  3. Consulting & Similar Services: three contracts and a 5.2% share
  4. Supply & Erection: two contracts and a 3.4% share
  5. Repair, Maintenance, Upgrade & Others: one contract and a 1.7% share.

Asia-Pacific leads solar contracts activity in June 2022

Comparing contracts activity in solar technology in different regions of the globe, Asia-Pacific held the top position with 33 contracts and a share of 56.9% during June 2022, followed by Middle East and Africa with nine contracts and a 15.5% share and North America with seven contracts and a 12.1% share.

In fourth place was Europe with seven contracts and a 12.1% share and in fifth place was South and Central America with two contracts and a 3.4% share.

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Solar technology contracts in June 2022: Top companies by capacity

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

  1. NHPC (India): 700MW from two contracts
  2. Datang Huayin Electric Power (China): 260.27MW from one contract
  3. Ameren Missouri (United States) and Maharashtra State Electricity Distribution (India): 200MW capacity from one contract.

Solar technology contracts in June 2022: Top winners by capacity

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

  1. Adani Infrastructure (India): 600MW from one contract
  2. Shandong Yijian Construction (China): 430MW from three contracts
  3. China Energy Engineering (China): 270MW capacity from four 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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