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May 18, 2021

Global power industry contracts in April 2021: Solar technology down 46%

By Amit Sharma

Solar technology contracts activity in April 2021 saw 95 contracts announced, marking a drop of 46% over the last 12-month average of 175, according to GlobalData’s power industry contracts database.

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Looking at global power contracts activity divided by the type of technology, solar held the top position in terms of number of contracts during April 2021 with a 53.1% share.

The proportion of contracts by category in the Solar technology tracked by GlobalData in the month was as follows:

  1. Power Purchase Agreement: 48 contracts and a 50.5% share
  2. Project Implementation: 27 contracts and a 28.4% share
  3. Supply & Erection: 15 contracts and a 15.8% share
  4. Electricity Supply: four contracts and a 4.2% share
  5. Consulting & Similar Services: one contract and a 1.1% share.

Asia-Pacific leads solar contracts activity in April 2021

Comparing contracts activity in solar technology in different regions of the globe, Asia-Pacific held the top position with 31 contracts and a share of 32.6% during April 2021, followed by North America with 25 contracts and a 26.3% share and Europe with 16 contracts and a 16.8% share.

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In fourth place was Middle East and Africa with 15 contracts and a 15.8% share and in fifth place was South and Central America with eight contracts and an 8.4% share.

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Solar technology contracts in April 2021: Top issuers by capacity

The top issuers of contracts in Solar technology for the month in terms of power capacity involved were:

  1. Saudi Power Procurement (Saudi Arabia): 2,970MW from seven contracts
  2. The Saudi Public Investment Fund (Saudi Arabia) and ACWA Power International (Saudi Arabia): 1,500MW from one contract
  3. CEME1 (Chile): 480MW capacity from one contract.

Solar technology contracts in April 2021: Top winners by capacity

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

  1. ACWA Power International (Saudi Arabia): 2,500MW from four contracts
  2. Larsen & Toubro (India): 1,800MW from two contracts
  3. The Saudi Public Investment Fund (Saudi Arabia): 1,500MW 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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