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  1. Market Data
May 9, 2022

Power industry contracts in North America for April 2022 down 24%

By Carmen

North America power industry contracts activity in April 2022 saw 47 contracts announced, marking a drop of 24% over the last 12-month average of 62, according to GlobalData’s power database.

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North America power industry contracts in April 2022: The US leads activity

Looking at contracts by country, the US led the activity in April 2022 with 38 contracts and a share of 80.9%, down 6.6% over the previous month and down 31% when compared with the last 12 month-average, followed by Canada with eight contracts and a share of 17% and with one contract and a share of 2.1% during the month.

Looking at the last 12-month average, the US held the top spot with 55 contracts, followed by Canada with five and Mexico with one contract.

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Solar is top technology area for contracts in April 2022

Looking at contracts divided by the type of technology, solar accounted for the largest proportion with 18 contracts and a 42.9% share, followed by wind with nine contracts and a 21.4% share and thermal with five contracts and an 11.9% share.

Looking at power industry contracts divided by segment in North America as tracked by GlobalData, Electricity Procurement was the most popular segment in April 2022, with 14 contracts, followed by Power Plant (14) and Generation Equipment (11).

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

  1. Project Implementation: 16 contracts and a 34% share
  2. Power Purchase Agreement: 14 contracts and a 29.8% share
  3. Supply & Erection: 13 contracts and a 27.7% share
  4. Consulting & Similar Services: three contracts and a 6.4% share
  5. Repair, Maintenance, Upgrade & Others: one contract and a 2.1% share.

Power contracts in April 2022: Top companies by capacity

The top issuers of contracts for the month in terms of power capacity involved in North America were:

  1. Meta Platforms (United States): 356MW from two contracts
  2. TransAlta (Canada): 200MW from one contract
  3. Duke Energy (United States): 120MW capacity from one contract.

Power contracts in April 2022: Top winners by capacity

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

  1. EDP Renovaveis (Spain): 641MW from four contracts
  2. Infrastructure and Energy Alternatives (United States) and TransAlta (Canada): 200MW from one contract
  3. EDP Renewables SGPS (Portugal): 156MW 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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