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

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.

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.

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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