View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Market Data
July 14, 2022

Global power industry contracts in Q2 2022: Solar technology down 28%

By Carmen

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.

  • Embed this chart

    Embed this chart into your website

    Copy and paste the code below into your website to display the chart.

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

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.

  • Embed this chart

    Embed this chart into your website

    Copy and paste the code below into your website to display the chart.

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.

Related Companies

Topics in this article:
NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Wednesday. The power industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Power Technology