Solar technology contracts activity in Q1 2020 saw 353 contracts announced, marking a drop of 11% over the last four-quarter average of 398, according to GlobalData’s power industry contracts database.

  • Embed this chart

    Embed this chart into your website

    Copy and paste the code below into your website to display the chart.

Looking at global power contracts activity divided by the type of technology, solar held the top position in terms of number of contracts during Q1 2020 with a 46.4% share.

The proportion of contracts by category in the Solar technology tracked by GlobalData in the quarter was as follows:

  1. Project Implementation: 186 contracts and a 52.7% share
  2. Power Purchase Agreement: 81 contracts and a 22.9% share
  3. Supply & Erection: 63 contracts and a 17.8% share
  4. Electricity Supply: 12 contracts and a 3.4% share
  5. Consulting & Similar Services: seven contracts and a 2% share
  6. Repair, Maintenance, Upgrade & Others: four contracts and a 1.1% share.

Europe leads solar contracts activity in Q1 2020

Comparing contracts activity in solar technology in different regions of the globe, Europe held the top position with 109 contracts and a share of 30.9% during Q1 2020, followed by Asia-Pacific with 100 contracts and a 28.3% share and North America with 86 contracts and a 24.4% share.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

In fourth place was Middle East and Africa with 34 contracts and a 9.6% share and in fifth place was South and Central America with 24 contracts and a 6.8% share.

  • Embed this chart

    Embed this chart into your website

    Copy and paste the code below into your website to display the chart.

Solar technology contracts in Q1 2020: Top companies by capacity

The top issuers of contracts in Solar technology for the quarter in terms of power capacity involved were:

  1. Solar Energy Corporation of India (India): 2,400MW from six contracts
  2. New York State Energy Research & Development Authority (United States): 1,089.89MW from 17 contracts
  3. Rajasthan Solarpark Development (India): 925MW capacity from one contract.

Solar technology contracts in Q1 2020: Top winners by capacity

The top winners of contracts for the quarter in terms of power capacity involved were:

  1. China Gezhouba Group International Engineering (China): 1,550MW from three contracts
  2. NTPC (India): 925MW from one contract
  3. Greenko Group (India): 900MW 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.