North America power industry contracts activity in November 2021 saw 59 contracts announced, marking a drop of 13% over the last 12-month average of 68, according to GlobalData’s power database.
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North America power industry contracts in November 2021: The US leads activity
Looking at contracts by country, the US led the activity in November 2021 with 51 contracts and a share of 86.4%, down 8.6% over the previous month and down 16% when compared with the last 12 month-average, followed by Canada with six contracts and a share of 10.2% and Mexico with two contracts and a share of 3.4% during the month.
Looking at the last 12-month average, the US held the top spot with 61 contracts, followed by Canada with four and Mexico with one contract.
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By GlobalData
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Solar is top technology area for contracts in November 2021
Looking at contracts divided by the type of technology, solar accounted for the largest proportion with 35 contracts and a 64.8% share, followed by wind with 13 contracts and a 24.1% share and thermal with three contracts and a 5.6% share.
Looking at power industry contracts divided by segment in North America as tracked by GlobalData, Electricity Procurement was the most popular segment in November 2021, with 18 contracts, followed by Generation Equipment (15) and Power Plant (12).
The proportion of contracts by category tracked by GlobalData in the month was as follows:
- Supply & Erection: 20 contracts and a 33.9% share
- Power Purchase Agreement: 16 contracts and a 27.1% share
- Project Implementation: 16 contracts and a 27.1% share
- Repair, Maintenance, Upgrade & Others: two contracts and a 3.4% share
- Consulting & Similar Services: two contracts and a 3.4% share
- Electricity Supply: two contracts and a 3.4% share
- Others: one contract and a 1.7% share.
Power contracts in November 2021: Top companies by capacity
The top issuers of contracts for the month in terms of power capacity involved in North America were:
- Chem-Energy (United States): 600MW from one contract
- Consumers Energy (United States): 225MW from two contracts
- Entergy Louisiana (United States) and Targa Resources (United States): 160MW capacity from one contract.
Power contracts in November 2021: Top winners by capacity
The top winners of contracts for the month in terms of power capacity involved in North America were:
- M. A. Mortenson (United States): 600MW from one contract
- Moss Solar (United States): 504MW from one contract
- OPDE Holding (Spain), Korea Midland Power (South Korea) and Merit SI (United States): 160MW 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.