Solar technology contracts activity in November 2021 saw 127 contracts announced, marking a drop of 26% over the last 12-month average of 171, 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 November 2021 with a 49.6% share.

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

  1. Power Purchase Agreement: 48 contracts and a 37.8% share
  2. Project Implementation: 45 contracts and a 35.4% share
  3. Supply & Erection: 25 contracts and a 19.7% share
  4. Consulting & Similar Services: six contracts and a 4.7% share
  5. Electricity Supply: 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 November 2021

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Comparing contracts activity in solar technology in different regions of the globe, Asia-Pacific held the top position with 60 contracts and a share of 47.2% during November 2021, followed by North America with 35 contracts and a 27.6% share and Europe with 14 contracts and an 11% share.

In fourth place was Middle East and Africa with 14 contracts and an 11% share and in fifth place was South and Central America with four contracts and a 3.1% share.

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Solar technology contracts in November 2021: Top companies by capacity

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

  1. Solar Energy Corporation of India (India): 1,100MW from three contracts
  2. Chem-Energy (United States): 600MW from one contract
  3. General Electricity Company Of Libya (Libya): 500MW capacity from one contract.

Solar technology contracts in November 2021: Top winners by capacity

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

  1. China Energy Engineering Group Planning and Engineering (China): 886.19MW from five contracts
  2. Azure Power (India): 767MW from two contracts
  3. M. A. Mortenson (United States): 600MW 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.