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July 20, 2021

Middle East and Africa Solar technology contracts activity rises 40% in Q2 2021

By Amit Sharma

Middle East and Africa solar technology contracts in Q2 2021 saw 42 contracts announced, marking a rise of 40% over the last four-quarter average of 30, 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. Project Implementation with 16 contracts and a 38.1% share
  2. Power Purchase Agreement: 14 contracts and a 33.3% share
  3. Supply & Erection: ten contracts and a 23.8% share
  4. Consulting & Similar Services: two contracts and a 4.8% 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 Q2 2021 with 12 contracts and a 28.6% share, followed by Egypt with four contracts and a 9.5% share and South Africa with three contracts and a 7.1% share.

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Middle East and Africa solar technology contracts in Q2 2021: Top issuers 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): 2,970MW from seven contracts
  2. Ministry of Electricity, Iraq (Iraq): 2,000MW from one contract
  3. ACWA Power International (Saudi Arabia) and The Saudi Public Investment Fund (Saudi Arabia): 1,500MW capacity from one contract.

Middle East and Africa solar technology contracts in Q2 2021: 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. Abu Dhabi Future Energy (United Arab Emirates): 2,600MW from three contracts
  2. ACWA Power International (Saudi Arabia): 2,500MW from four contracts
  3. Larsen & Toubro (India): 1,800MW capacity from two 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.

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