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October 26, 2021

North America power plant contracts activity down 29% in Q3 2021

There were 40 power plant contracts announced in the North America region in Q3 2021, marking a drop of 29% over the last four-quarter average of 56, according to GlobalData’s power industry contracts database.

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Electricity Procurement stood at first place when compared with other power tender categories in the North America region in Q3 2021 with 84 contracts and a 39.1% share, followed by Generation Equipment with 45 contracts and a 20.9% share and Power Plant with 40 contracts and an 18.6% share during the quarter.

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

  1. Project Implementation: 28 contracts and a 70% share
  2. Repair, Maintenance, Upgrade & Others: seven contracts and a 17.5% share
  3. Consulting & Similar Services: four contracts and a 10% share
  4. Power Purchase Agreement: one contract and a 2.5% share.

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Solar is top technology for North America power plant contracts in Q3 2021

Looking at power plant contracts by the type of technology in the North America region, solar accounted for 29 contracts with a 72.5% share, followed by thermal with four contracts and a 10% share and wind with three contracts and a 7.5% share.

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North America power plant contracts in Q3 2021: Top companies by capacity

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

  1. Intersect Power (United States): 728MW from two contracts
  2. SB Energy Holdings (United States): 418MW from one contract
  3. SaskPower International (Canada): 360MW capacity from one contract.

North America power plant contracts in Q3 2021: Top winners by capacity

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

  1. Signal Energy Constructors (United States): 1,146MW from three contracts
  2. PCL Construction Group (Canada), Allan Construction (Canada) and Allan Ventures (United States): 360MW from one contract
  3. Sundt Construction (United States): 300MW 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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