North America power industry contracts activity in Q3 2020 saw 217 contracts announced, marking a flat growth over the last four-quarter average of 218, according to GlobalData’s power database.
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North America power industry contracts in Q3 2020: The US leads activity
Looking at contracts by country, the US led the activity in Q3 2020 with 184 contracts and a share of 84.8%, down 3.3% over the previous quarter and down 3% when compared with the last four-quarter average, followed by Canada with 24 contracts and a share of 11.1% and Mexico with seven contracts and a share of 3.2% during the quarter.
Looking at the last four-quarter average, the US held the top spot with 190 contracts, followed by Canada with 18 and Mexico with nine contracts.
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Solar is top technology area for contracts in Q3 2020
Looking at contracts divided by the type of technology, solar accounted for the largest proportion with 97 contracts and a 54.5% share, followed by wind with 43 contracts and a 24.2% share and thermal with 23 contracts and a 12.9% 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 Q3 2020, with 69 contracts, followed by Generation Equipment (63) and Power Plant (43).
The proportion of contracts by category tracked by GlobalData in the quarter was as follows:
- Supply & Erection: 89 contracts and a 41% share
- Power Purchase Agreement: 60 contracts and a 27.6% share
- Project Implementation: 42 contracts and a 19.4% share
- Repair, Maintenance, Upgrade & Others: 13 contracts and a 6% share
- Electricity Supply: nine contracts and a 4.1% share
- Consulting & Similar Services: four contracts and a 1.8% share.
Power contracts in Q3 2020: Top issuers by capacity
The top issuers of contracts for the quarter in terms of power capacity involved in North America were:
- Kineticor Resource (Canada): 900MW from one contract
- Microsoft (United States): 500MW from one contract
- Facebook (United States): 475MW capacity from three contracts.
Power contracts in Q3 2020: Top winners by capacity
The top winners of contracts for the quarter in terms of power capacity involved in North America were:
- Overland Contracting (United States) and PCL Construction Group (Canada): 900MW from one contract
- Sol Systems L (United States): 500MW from one contract
- First Solar (United States): 476MW 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.
