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August 3, 2021updated 06 Aug 2021 8:13am

Power industry contracts in North America for Q2 2021 down 20%

By Amit Sharma

North America power industry contracts activity in Q2 2021 saw 186 contracts announced, marking a drop of 20% over the last four-quarter average of 233, according to GlobalData’s power database.

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North America power industry contracts in Q2 2021: The US leads activity

Looking at contracts by country, the US led the activity in Q2 2021 with 157 contracts and a share of 84.4%, down 8.9% over the previous quarter and down 23% when compared with the last four-quarter average, followed by Canada with 20 contracts and a share of 10.8% and Mexico with five contracts and a share of 2.7% during the quarter.

Looking at the last four-quarter average, the US held the top spot with 204 contracts, followed by Canada with 20 and Mexico with five contracts.

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Solar is top technology area for contracts in Q2 2021

Looking at contracts divided by the type of technology, solar accounted for the largest proportion with 110 contracts and a 63.6% share, followed by wind with 32 contracts and an 18.5% share and thermal with 17 contracts and a 9.8% share.

Looking at power industry contracts divided by segment as tracked by GlobalData, Electricity Procurement was the most popular segment in North America power contracts activity during Q2 2021, with 89 contracts, followed by Power Plant (41) and Generation Equipment (40).

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

  1. Power Purchase Agreement: 81 contracts and a 43.5% share
  2. Supply & Erection: 41 contracts and a 22% share
  3. Project Implementation: 35 contracts and an 18.8% share
  4. Repair, Maintenance, Upgrade & Others: 14 contracts and a 7.5% share
  5. Electricity Supply: eight contracts and a 4.3% share
  6. Consulting & Similar Services: six contracts and a 3.2% share
  7. Others: one contract and a 0.5% share.

Power contracts in Q2 2021: Top issuers by capacity

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

  1. SB Energy (Japan): 649MW from one contract
  2. AEP Energy (United States): 480MW from one contract
  3. Copenhagen Infrastructure Partners KS (Denmark) and Greengate Power (Canada): 465MW capacity from one contract.

Power contracts in Q2 2021: Top winners by capacity

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

  1. Rosendin Electric (United States): 649MW from one contract
  2. Global Energy Generation (United States): 480MW from one contract
  3. PCL Construction Group (Canada): 465MW 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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