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  1. Market Data
June 10, 2021

Power industry contracts in North America for May 2021 down 45%

By Amit Sharma

North America power industry contracts activity in May 2021 saw 41 contracts announced, marking a drop of 45% over the last 12-month average of 75, according to GlobalData’s power database.

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North America power industry contracts in May 2021: The US leads activity

Looking at contracts by country, the US led the activity in May 2021 with 37 contracts and a share of 90.2%, up 9.5% over the previous month and down 44% when compared with the last 12 month-average, followed by Canada with three contracts and a share of 7.3% and Mexico with one contract and a share of 2.4% during the month.

Looking at the last 12-month average, the US held the top spot with 66 contracts, followed by Canada with six and Mexico with two contracts.

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Solar is top technology area for contracts in May 2021

Looking at contracts divided by the type of technology, solar accounted for the largest proportion with 22 contracts and a 61.1% share, followed by wind with seven contracts and a 19.4% share and hydro with three contracts and an 8.3% share.

Looking at power industry contracts divided by segment in North America as tracked by GlobalData, Electricity Procurement was the most popular segment in May 2021, with 19 contracts, followed by Power Plant (11) and Smart Grid (5).

The proportion of contracts by category tracked by GlobalData in the month was as follows:

  1. Power Purchase Agreement: 16 contracts and a 39% share
  2. Project Implementation: eight contracts and a 19.5% share
  3. Supply & Erection: eight contracts and a 19.5% share
  4. Repair, Maintenance, Upgrade & Others: three contracts and a 7.3% share
  5. Consulting & Similar Services: three contracts and a 7.3% share
  6. Electricity Supply: three contracts and a 7.3% share.

Power contracts in May 2021: Top issuers by capacity

The top issuers of contracts for the month in terms of power capacity involved in North America were:

  1. AEP Energy (United States): 480MW from one contract
  2. Guzman Energy (United States): 155MW from one contract
  3. Platte River Power Authority (United States) and Tennessee Valley Authority (United States): 150MW capacity from one contract.

Power contracts in May 2021: Top winners by capacity

The top winners of contracts for the month in terms of power capacity involved in North America were:

  1. Global Energy Generation L (United States): 480MW from one contract
  2. Primergy Solar L (United States): 155MW from one contract
  3. RWE Renewables (Germany) and 174 Power Global (United States): 150MW 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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