North America power industry contracts activity in Q1 2021 saw 186 contracts announced, marking a drop of 22% over the last four-quarter average of 237, according to GlobalData’s power database.
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North America power industry contracts in Q1 2021: The US leads activity
Looking at contracts by country, the US led the activity in Q1 2021 with 176 contracts and a share of 94.6%, up 9.3% over the previous quarter and down 14% when compared with the last four-quarter average, followed by Canada with five contracts and a share of 2.7% and Mexico with four contracts and a share of 2.2% during the quarter.
Looking at the last four-quarter average, the US held the top spot with 205 contracts, followed by Canada with 23 and Mexico with six contracts.
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Solar is top technology area for contracts in Q1 2021
Looking at contracts divided by the type of technology, solar accounted for the largest proportion with 93 contracts and a 53.1% share, followed by wind with 55 contracts and a 31.4% share and thermal with 14 contracts and an 8% share.
Looking at power industry contracts divided by segment as tracked by GlobalData, Power Plant was the most popular segment in North America power contracts activity during Q1 2021, with 66 contracts, followed by Electricity Procurement (59) and Generation Equipment (42).
The proportion of contracts by category tracked by GlobalData in the quarter was as follows:
- Project Implementation: 57 contracts and a 30.6% share
- Power Purchase Agreement: 53 contracts and a 28.5% share
- Supply & Erection: 53 contracts and a 28.5% share
- Repair, Maintenance, Upgrade & Others: nine contracts and a 4.8% share
- Consulting & Similar Services: eight contracts and a 4.3% share
- Electricity Supply: six contracts and a 3.2% share.
Power contracts in Q1 2021: Top issuers by capacity
The top issuers of contracts for the quarter in terms of power capacity involved in North America were:
- New York State Energy Research & Development Authority (United States): 4,602.89MW from 22 contracts
- Pattern Energy Group (United States): 1,050MW from one contract
- Verizon Communications (United States): 692.5MW capacity from four contracts.
Power contracts in Q1 2021: Top winners by capacity
The top winners of contracts for the quarter in terms of power capacity involved in North America were:
- Equinor Wind US L (United States): 2,490MW from one contract
- Blattner Energy (United States): 1,395MW from two contracts
- EDP Renewables North America L (United States): 703MW capacity from four 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.
