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  1. Market Data
September 8, 2021

Power industry contracts in North America for August 2021 down 14%

By admin-demo

North America power industry contracts activity in August 2021 saw 61 contracts announced, marking a drop of 14% over the last 12-month average of 71, according to GlobalData’s power database.

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North America power industry contracts in August 2021: The US leads activity

Looking at contracts by country, the US led the activity in August 2021 with 58 contracts and a share of 95.1%, up 3.6% over the previous month and down 8% when compared with the last 12 month-average, followed by Canada with two contracts and a share of 3.3% and Mexico with one contract and a share of 1.6% during the month.

Looking at the last 12-month average, the US held the top spot with 63 contracts, followed by Canada with six and Mexico with one contract.

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Solar is top technology area for contracts in August 2021

Looking at contracts divided by the type of technology, solar accounted for the largest proportion with 37 contracts and a 74% share, followed by wind with ten contracts and a 20% share and thermal with one contract and a 2% share.

Looking at power industry contracts divided by segment in North America as tracked by GlobalData, Electricity Procurement was the most popular segment in August 2021, with 32 contracts, followed by Generation Equipment (10) and Power Plant (9).

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

  1. Power Purchase Agreement: 26 contracts and a 42.6% share
  2. Supply & Erection: 20 contracts and a 32.8% share
  3. Project Implementation: nine contracts and a 14.8% share
  4. Electricity Supply: six contracts and a 9.8% share.

Power contracts in August 2021: Top companies by capacity

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

  1. Salt River Project (United States): 500MW from three contracts
  2. Facebook (United States): 450MW from one contract
  3. AEP Energy (United States): 360MW capacity from one contract.

Power contracts in August 2021: Top winners by capacity

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

  1. Salt River Project (United States): 450MW from one contract
  2. Global Energy Generation (United States): 360MW from one contract
  3. EDP Renewables North America (United States), Primoris Services (United States) and NextEra Energy Resources (United States): 200MW 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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