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  1. Market Data
April 11, 2022

North America Solar technology contracts activity drops 32% in Q1 2022

By Carmen

North America solar technology contracts in Q1 2022 saw 76 contracts announced, marking a drop of 32% over the last four-quarter average of 111, according to GlobalData’s power industry contracts database.

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

  1. Power Purchase Agreement with 47 contracts and a 61.8% share
  2. Project Implementation: 15 contracts and a 19.7% share
  3. Supply & Erection: 11 contracts and a 14.5% share
  4. Repair, Maintenance, Upgrade & Others: two contracts and a 2.6% share
  5. Electricity Supply: one contract and a 1.3% share.

The US tops North America solar power contracts activity

The US was the top country in the North America region for solar technology contracts recorded in Q1 2022 with 72 contracts and a 94.7% share, followed by Canada with two contracts and a 2.6% share and Mexico with two contracts and a 2.6% share.

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North America solar technology contracts in Q1 2022: Top companies by capacity

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

  1. Lightsource BP Renewable Energy Investments (United Kingdom): 610MW from three contracts
  2. EPA Green Power Partner and QTS Realty Trust (United States): 350MW from one contract
  3. EDF Renewables North America (United States): 274MW capacity from one contract.

North America solar technology contracts in Q1 2022: Top winners by capacity

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

  1. McCarthy Building Companies (United States): 463MW from three contracts
  2. Georgia Power (United States): 350MW from one contract
  3. Black & Veatch (United States): 270MW 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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