Solar technology contracts activity in March 2021 saw 137 contracts announced, marking a drop of 15% over the last 12-month average of 162, 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 March 2021 with a 52.1% share.

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

  1. Project Implementation: 69 contracts and a 50.4% share
  2. Supply & Erection: 32 contracts and a 23.4% share
  3. Power Purchase Agreement: 31 contracts and a 22.6% share
  4. Electricity Supply: five contracts and a 3.6% share.

Asia-Pacific leads solar contracts activity in March 2021

Comparing contracts activity in solar technology in different regions of the globe, Asia-Pacific held the top position with 74 contracts and a share of 54% during March 2021, followed by Europe with 30 contracts and a 21.9% share and North America with 22 contracts and a 16.1% share.

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In fourth place was South and Central America with seven contracts and a 5.1% share and in fifth place was Middle East and Africa with four contracts and a 2.9% share.

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Solar technology contracts in March 2021: Top issuers by capacity

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

  1. Suruhanjaya Tenaga (Malaysia): 823.06MW from 30 contracts
  2. Ministry of Finance and Economic Development and Gujarat Urja Vikas Nigam (India): 500MW from one contract
  3. Marubeni (Japan), Alcoa (United States) and CITIC Nominees Pty: 275MW capacity from one contract.

Solar technology contracts in March 2021: Top winners by capacity

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

  1. Abu Dhabi Future Energy (United Arab Emirates): 500MW from one contract
  2. AGL Energy (Australia), Alinta Energy Pty (Australia) and Origin Energy (Australia): 275MW from one contract
  3. Lightsource BP Renewable Energy Investments (United Kingdom): 211.6MW capacity from two 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.