Solar technology contracts activity in Q2 2022 saw 324 contracts announced, marking a drop of 28% over the last four-quarter average of 452, 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 Q2 2022 with a 51.8% share.

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

  1. Project Implementation: 150 contracts and a 46.3% share
  2. Power Purchase Agreement: 98 contracts and a 30.2% share
  3. Supply & Erection: 56 contracts and a 17.3% share
  4. Consulting & Similar Services: 15 contracts and a 4.6% share
  5. Repair, Maintenance, Upgrade & Others: four contracts and a 1.2% share
  6. Others: one contract and a 0.3% share.

Asia-Pacific leads solar contracts activity in Q2 2022

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Comparing contracts activity in solar technology in different regions of the globe, Asia-Pacific held the top position with 171 contracts and a share of 52.8% during Q2 2022, followed by North America with 52 contracts and a 16% share and Europe with 48 contracts and a 14.8% share.

In fourth place was Middle East and Africa with 30 contracts and a 9.3% share and in fifth place was South and Central America with 23 contracts and a 7.1% share.

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Solar technology contracts in Q2 2022: Top companies by capacity

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

  1. Rajasthan Renewable Energy (India): 10,000MW from one contract
  2. Neom (Saudi Arabia): 4,300MW from one contract
  3. Riau Islands: 3,062MW capacity from one contract.

Solar technology contracts in Q2 2022: Top winners by capacity

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

  1. THDC India (India): 10,000MW from one contract
  2. Larsen & Toubro (Oman) (Oman): 4,300MW from one contract
  3. Sunseap Group (Singapore): 3,062MW 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.