Solar technology contracts activity in Q3 2021 saw 408 contracts announced, marking a drop of 22% over the last four-quarter average of 526, 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 Q3 2021 with a 46.4% share.

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

  1. Project Implementation: 154 contracts and a 37.7% share
  2. Power Purchase Agreement: 140 contracts and a 34.3% share
  3. Supply & Erection: 83 contracts and a 20.3% share
  4. Electricity Supply: 14 contracts and a 3.4% share
  5. Consulting & Similar Services: nine contracts and a 2.2% share
  6. Repair, Maintenance, Upgrade & Others: eight contracts and a 2% share.

Asia-Pacific leads solar contracts activity in Q3 2021

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Comparing contracts activity in solar technology in different regions of the globe, Asia-Pacific held the top position with 155 contracts and a share of 38% during Q3 2021, followed by North America with 107 contracts and a 26.2% share and Europe with 90 contracts and a 22.1% share.

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In fourth place was Middle East and Africa with 36 contracts and an 8.8% share and in fifth place was South and Central America with 20 contracts and a 4.9% share.

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Solar technology contracts in Q3 2021: Top companies by capacity

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

  1. Akimat of Mangystau Region: 30,000MW from one contract
  2. Badan Pengusahaan Batam: 2,200MW from one contract
  3. Government of Iraq (Iraq) and Three Gorges New Energy Siziwangqi (China): 2,000MW capacity from one contract.

Solar technology contracts in Q3 2021: Top winners by capacity

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

  1. Svevind (Sweden): 30,000MW from one contract
  2. Sunseap Group (Singapore): 2,206.51MW from five contracts
  3. Solar Energy Corporation of India (India): 2,010MW capacity from three 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.