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February 18, 2021

North America Solar technology contracts activity rises 44% in January 2021

By Amit Sharma

North America solar technology contracts in January 2021 saw 52 contracts announced, marking a rise of 44% over the last 12-month average of 36, 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 month was as follows:

  1. Project Implementation with 33 contracts and a 63.5% share
  2. Power Purchase Agreement: 13 contracts and a 25% share
  3. Supply & Erection: five contracts and a 9.6% share
  4. Repair, Maintenance, Upgrade & Others: one contract and a 1.9% 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 January 2021 with 52 contracts and a 100% share.

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North America solar technology contracts in January 2021: Top issuers by capacity

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

  1. New York State Energy Research & Development Authority (United States): 2,112.89MW from 21 contracts
  2. Verizon Communications (United States): 692.5MW from four contracts
  3. Lightsource BP Renewable Energy Investments (United Kingdom): 316MW capacity from two contracts.

North America solar technology contracts in January 2021: Top winners by capacity

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

  1. Invenergy L (United States): 525MW from two contracts
  2. Hecate Energy L (United States): 500MW from one contract
  3. EDP Renewables North America L (United States): 499MW capacity from three 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.

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