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November 12, 2021

Power industry contracts in Middle East and Africa for October 2021 up 38%

Middle East and Africa power industry contracts activity in October 2021 saw 47 contracts announced, marking a rise of 38% over the last 12-month average of 34, according to GlobalData’s power database.

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Middle East and Africa power industry contracts in October 2021: South Africa leads activity

Looking at contracts by country, South Africa led the activity in October 2021 with 23 contracts and a share of 48.9%, up 45.7% over the previous month and up 1050% when compared with the last 12 month-average, followed by Saudi Arabia with five contracts and a share of 10.6% and the United Arab Emirates with four contracts and a share of 8.5% during the month.

Looking at the last 12-month average, Saudi Arabia held the top spot with six contracts, followed by South Africa with two and Egypt with two contracts.

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Solar is top technology area for contracts in October 2021

Looking at contracts divided by the type of technology, solar accounted for the largest proportion with 19 contracts and a 50% share, followed by wind with 14 contracts and a 36.8% share and thermal with four contracts and a 10.5% share.

Looking at power industry contracts divided by segment in Middle East and Africa as tracked by GlobalData, Power Plant was the most popular segment in October 2021, with 28 contracts, followed by T&D Project (6) and Electricity Procurement (6).

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

  1. Project Implementation: 30 contracts and a 63.8% share
  2. Power Purchase Agreement: six contracts and a 12.8% share
  3. Supply & Erection: six contracts and a 12.8% share
  4. Consulting & Similar Services: four contracts and an 8.5% share
  5. Repair, Maintenance, Upgrade & Others: one contract and a 2.1% share.

Power contracts in October 2021: Top companies by capacity

The top issuers of contracts for the month in terms of power capacity involved in Middle East and Africa were:

  1. Department of Energy, South Africa (South Africa): 2,331MW from 19 contracts
  2. Ministry of Electricity, Iraq (Iraq) and National Investment Commission, Iraq: 1,000MW from one contract
  3. Egyptian Electricity Transmission (Egypt): 500MW capacity from one contract.

Power contracts in October 2021: Top winners by capacity

The top winners of contracts for the month in terms of power capacity involved in Middle East and Africa were:

  1. H1 Holdings (South Africa): 1,911MW from 16 contracts
  2. Mainstream Renewable Power South Africa (South Africa) and Globeleq Africa (United Kingdom): 1,274MW from 12 contracts
  3. Abu Dhabi Future Energy (United Arab Emirates): 1,000MW 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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