Solar technology contracts activity in Q4 2021 saw 463 contracts announced, marking a drop of 11% over the last four-quarter average of 518, 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 Q4 2021 with a 50.7% share.

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

  1. Project Implementation: 234 contracts and a 50.5% share
  2. Power Purchase Agreement: 141 contracts and a 30.5% share
  3. Supply & Erection: 69 contracts and a 14.9% share
  4. Consulting & Similar Services: eight contracts and a 1.7% share
  5. Electricity Supply: eight contracts and a 1.7% share
  6. Repair, Maintenance, Upgrade & Others: three contracts and a 0.6% share.

Asia-Pacific leads solar contracts activity in Q4 2021

Comparing contracts activity in solar technology in different regions of the globe, Asia-Pacific held the top position with 194 contracts and a share of 41.9% during Q4 2021, followed by Europe with 115 contracts and a 24.8% share and North America with 94 contracts and a 20.3% share.

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In fourth place was Middle East and Africa with 46 contracts and a 9.9% share and in fifth place was South and Central America with 14 contracts and a 3% share.

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Solar technology contracts in Q4 2021: Top companies by capacity

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

  1. Solar Energy Corporation of India (India): 9,985MW from 12 contracts
  2. Amazon Web Services (United States): 1,970MW from four contracts
  3. Energy Bureau of Guangxi Zhuang Autonomous Region: 1,550MW capacity from one contract.

Solar technology contracts in Q4 2021: Top winners by capacity

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

  1. Adani Green Energy (India): 5,000MW from two contracts
  2. Azure Power (India): 3,100MW from three contracts
  3. China Energy Engineering Group Planning and Engineering (China): 2,983.54MW capacity from 16 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.