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June 10, 2021

Global power industry contracts in May 2021: Solar technology down 37%

By Amit Sharma

Solar technology contracts activity in May 2021 saw 105 contracts announced, marking a drop of 37% over the last 12-month average of 167, 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 May 2021 with a 46.9% share.

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

  1. Project Implementation: 41 contracts and a 39% share
  2. Power Purchase Agreement: 37 contracts and a 35.2% share
  3. Supply & Erection: 20 contracts and a 19% share
  4. Repair, Maintenance, Upgrade & Others: three contracts and a 2.9% share
  5. Consulting & Similar Services: two contracts and a 1.9% share
  6. Electricity Supply: two contracts and a 1.9% share.

Asia-Pacific leads solar contracts activity in May 2021

Comparing contracts activity in solar technology in different regions of the globe, Asia-Pacific held the top position with 32 contracts and a share of 30.5% during May 2021, followed by Europe with 29 contracts and a 27.6% share and North America with 22 contracts and a 21% share.

In fourth place was South and Central America with 12 contracts and an 11.4% share and in fifth place was Middle East and Africa with ten contracts and a 9.5% share.

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Solar technology contracts in May 2021: Top issuers by capacity

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

  1. State Power Investment (China): 7,200MW from one contract
  2. Solar Energy Corporation of India (India): 540MW from one contract
  3. AEP Energy (United States): 480MW capacity from one contract.

Solar technology contracts in May 2021: Top winners by capacity

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

  1. Jolywood (Taizhou) Solar Technology (China): 7,200MW from one contract
  2. JSW Energy (India): 540MW from one contract
  3. Global Energy Generation L (United States): 480MW 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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