Solar technology contracts activity in Q3 2022 saw 146 contracts announced, marking a drop of 65% over the last four-quarter average of 420, 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 2022 with a 44% share.

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

  1. Power Purchase Agreement: 68 contracts and a 46.6% share
  2. Project Implementation: 59 contracts and a 40.4% share
  3. Consulting & Similar Services: 16 contracts and an 11% share
  4. Others: two contracts and a 1.4% share
  5. Supply & Erection: one contract and a 0.7% share.

Asia-Pacific leads solar contracts activity in Q3 2022

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Comparing contracts activity in solar technology in different regions of the globe, Asia-Pacific held the top position with 81 contracts and a share of 55.5% during Q3 2022, followed by Europe with 33 contracts and a 22.6% share and Middle East and Africa with 16 contracts and an 11% share.

In fourth place was North America with 11 contracts and a 7.5% share and in fifth place was South and Central America with five contracts and a 3.4% share.

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Solar technology contracts in Q3 2022: Top companies by capacity

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

  1. Government Of Rajasthan (India): 10,000MW from one contract
  2. Xinjiang Yecheng: 2,000MW from one contract
  3. Philippines Department of Energy (Philippines): 1,490.38MW capacity from seven contracts.

Solar technology contracts in Q3 2022: Top winners by capacity

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

  1. NTPC Renewable Energy (India): 10,000MW from one contract
  2. China Energy Engineering (China): 5,250.7MW from 28 contracts
  3. PetroChina (China): 2,000MW 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.