Middle East and Africa power industry contracts activity in Q4 2021 saw 117 contracts announced, marking a rise of 14% over the last four-quarter average of 103, according to GlobalData’s power database.
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Middle East and Africa power industry contracts in Q4 2021: Saudi Arabia leads activity
Looking at contracts by country, Saudi Arabia led the activity in Q4 2021 with 28 contracts and a share of 23.9%, up 9.6% over the previous quarter and up 56% when compared with the last four-quarter average, followed by South Africa with 25 contracts and a share of 21.4% and the United Arab Emirates with nine contracts and a share of 7.7% during the quarter.
Looking at the last four-quarter average, Saudi Arabia held the top spot with 18 contracts, followed by the United Arab Emirates with nine and Egypt with eight contracts.
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Solar is top technology area for contracts in Q4 2021
Looking at contracts divided by the type of technology, solar accounted for the largest proportion with 46 contracts and a 60.5% share, followed by wind with 15 contracts and a 19.7% share and thermal with 13 contracts and a 17.1% share.
Looking at power industry contracts divided by segment as tracked by GlobalData, Power Plant was the most popular segment in Middle East and Africa power contracts activity during Q4 2021, with 45 contracts, followed by T&D Project (34) and Electricity Procurement (16).
The proportion of contracts by category tracked by GlobalData in the quarter was as follows:
- Project Implementation: 68 contracts and a 58.1% share
- Supply & Erection: 23 contracts and a 19.7% share
- Power Purchase Agreement: 15 contracts and a 12.8% share
- Consulting & Similar Services: eight contracts and a 6.8% share
- Repair, Maintenance, Upgrade & Others: three contracts and a 2.6% share.
Power contracts in Q4 2021: Top companies by capacity
The top issuers of contracts for the quarter in terms of power capacity involved in Middle East and Africa were:
- Department of Energy, South Africa (South Africa): 2,331MW from 19 contracts
- Saudi Aramco Power (Saudi Arabia): 1,880MW from two contracts
- Ministry of Electricity, Iraq (Iraq) and National Investment Commission, Iraq: 1,000MW capacity from one contract.
Power contracts in Q4 2021: Top winners by capacity
The top winners of contracts for the quarter in terms of power capacity involved in Middle East and Africa were:
- H1 Holdings (South Africa): 1,911MW from 16 contracts
- Abu Dhabi National Energy (United Arab Emirates) and Marubeni (Japan): 1,880MW from two contracts
- Mainstream Renewable Power South Africa (South Africa) and Globeleq Africa (United Kingdom): 1,274MW capacity from 12 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.