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October 26, 2021

Power industry contracts in North America for September 2021 down 22%

North America power industry contracts activity in September 2021 saw 56 contracts announced, marking a drop of 22% over the last 12-month average of 72, according to GlobalData’s power database.

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

Looking at contracts by country, the US led the activity in September 2021 with 49 contracts and a share of 87.5%, down 8.3% over the previous month and down 23% when compared with the last 12 month-average, followed by Canada with five contracts and a share of 8.9% and Mexico with one contract and a share of 1.8% during the month.

Looking at the last 12-month average, the US held the top spot with 64 contracts, followed by Canada with five and Mexico with one contract.

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Solar is top technology area for contracts in September 2021

Looking at contracts divided by the type of technology, solar accounted for the largest proportion with 26 contracts and a 49.1% share, followed by wind with 18 contracts and a 34% share and thermal with five contracts and a 9.4% share.

Looking at power industry contracts divided by segment in North America as tracked by GlobalData, Electricity Procurement was the most popular segment in September 2021, with 20 contracts, followed by Generation Equipment (18) and Power Plant (13).

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

  1. Power Purchase Agreement: 19 contracts and a 33.9% share
  2. Supply & Erection: 19 contracts and a 33.9% share
  3. Project Implementation: 11 contracts and a 19.6% share
  4. Repair, Maintenance, Upgrade & Others: four contracts and a 7.1% share
  5. Consulting & Similar Services: two contracts and a 3.6% share
  6. Others: one contract and a 1.8% share.

Power contracts in September 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): 400MW from one contract
  2. Centaurus Renewable Energy (United States): 300MW from one contract
  3. TC Energy (Canada): 297MW capacity from one contract.

Power contracts in September 2021: Top winners by capacity

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

  1. Clenera (United States): 520MW from two contracts
  2. CO Bar Solar (United States): 400MW from one contract
  3. Sundt Construction (United States): 300MW 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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