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  1. Market Data
April 11, 2022

Middle East and Africa Solar technology contracts activity drops 43% in Q1 2022

By Carmen

Middle East and Africa solar technology contracts in Q1 2022 saw 23 contracts announced, marking a drop of 43% over the last four-quarter average of 40, according to GlobalData’s power industry contracts database.

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

  1. Power Purchase Agreement with 12 contracts and a 52.2% share
  2. Project Implementation: five contracts and a 21.7% share
  3. Supply & Erection: five contracts and a 21.7% share
  4. Repair, Maintenance, Upgrade & Others: one contract and a 4.3% share.

Saudi Arabia tops Middle East and Africa solar power contracts activity

Saudi Arabia was the top country in the Middle East and Africa region for solar technology contracts recorded in Q1 2022 with five contracts and a 21.7% share, followed by South Africa with four contracts and a 17.4% share and Ghana with three contracts and a 13% share.

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Middle East and Africa solar technology contracts in Q1 2022: Top companies by capacity

The top issuers of contracts for the quarter in terms of power capacity involved in Middle East and Africa were:

  1. Saudi Power Procurement (Saudi Arabia): 1,000MW from two contracts
  2. First Quantum Minerals (Canada): 430MW from one contract
  3. General Electricity Company Of Libya (Libya), Libyan Privatization and Investment Board and Tronox Holdings: 200MW capacity from one contract.

Middle East and Africa solar technology contracts in Q1 2022: Top winners by capacity

The top winners of contracts for the quarter in terms of power capacity involved in Middle East and Africa were:

  1. Acwa Power (Saudi Arabia): 700MW from one contract
  2. Total Eren (France): 470MW from two contracts
  3. Jinko Power (HK) (China), Jinko Power Dhafra Holding (United Arab Emirates), Jinko Power Middle East Holding (United Arab Emirates) and Jinko Power Technology (China): 300MW 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.

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