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March 16, 2021

Global power industry contracts in February 2021: Solar technology down 38%

By Amit Sharma

Solar technology contracts activity in February 2021 saw 98 contracts announced, marking a drop of 38% over the last 12-month average of 158, 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 February 2021 with a 40.7% share.

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

  1. Project Implementation: 38 contracts and a 38.8% share
  2. Power Purchase Agreement: 35 contracts and a 35.7% share
  3. Supply & Erection: 19 contracts and a 19.4% share
  4. Electricity Supply: three contracts and a 3.1% share
  5. Repair, Maintenance, Upgrade & Others: two contracts and a 2% share
  6. Consulting & Similar Services: one contract and a 1% share.

Asia-Pacific leads solar contracts activity in February 2021

Comparing contracts activity in solar technology in different regions of the globe, Asia-Pacific held the top position with 51 contracts and a share of 52% during February 2021, followed by Europe with 18 contracts and an 18.4% share and North America with 13 contracts and a 13.3% share.

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In fourth place was South and Central America with ten contracts and a 10.2% share and in fifth place was Middle East and Africa with six contracts and a 6.1% share.

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Solar technology contracts in February 2021: Top issuers by capacity

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

  1. Andhra Pradesh Green Energy (India): 6,400MW from 12 contracts
  2. Mytilineos (Greece) and National Grid Renewables L (United States): 200MW from one contract
  3. Diverxia Infrastructure (Spain) and Hoosier Energy Rural Electric Cooperative (United States): 150MW capacity from one contract.

Solar technology contracts in February 2021: Top winners by capacity

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

  1. Adani Renewable Energy Holding Twelve (India): 3,000MW from five contracts
  2. Shirdi Sai Electricals (India): 2,200MW from four contracts
  3. NTPC (India): 600MW 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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