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November 12, 2021

Power industry contracts in North America for October 2021 down 25%

North America power industry contracts activity in October 2021 saw 51 contracts announced, marking a drop of 25% over the last 12-month average of 68, according to GlobalData’s power database.

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

Looking at contracts by country, the US led the activity in October 2021 with 48 contracts and a share of 94.1%, up 9.1% over the previous month and down 21% when compared with the last 12 month-average, followed by Canada with three contracts and a share of 5.9%.

Looking at the last 12-month average, the US held the top spot with 61 contracts, followed by Canada with five and Mexico with one contract.

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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 30 contracts and a 60% share, followed by wind with seven contracts and a 14% share and hydro with six contracts and a 12% share.

Looking at power industry contracts divided by segment in North America as tracked by GlobalData, Electricity Procurement was the most popular segment in October 2021, with 17 contracts, followed by Power Plant (17) and Generation Equipment (11).

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

  1. Project Implementation: 21 contracts and a 41.2% share
  2. Power Purchase Agreement: 14 contracts and a 27.5% share
  3. Supply & Erection: nine contracts and a 17.6% share
  4. Electricity Supply: three contracts and a 5.9% share
  5. Consulting & Similar Services: two contracts and a 3.9% share
  6. Others: one contract and a 2% share
  7. Repair, Maintenance, Upgrade & Others: one contract and a 2% 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 North America were:

  1. Omaha Public Power District (United States): 600MW from one contract
  2. Southern California Edison (United States): 537.5MW from one contract
  3. Pfizer (United States): 310MW 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 North America were:

  1. Zachry Group (United States): 600MW from one contract
  2. Ameresco (United States): 537.5MW from one contract
  3. Vesper Energy (United States): 310MW 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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