Solar technology contracts activity in Q1 2021 saw 512 contracts announced, marking a rise of 11% over the last four-quarter average of 463, according to GlobalData’s power industry contracts database.

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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 2021 with a 54.4% share.

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

  1. Project Implementation: 307 contracts and a 60% share
  2. Power Purchase Agreement: 111 contracts and a 21.7% share
  3. Supply & Erection: 75 contracts and a 14.6% share
  4. Electricity Supply: nine contracts and a 1.8% share
  5. Consulting & Similar Services: five contracts and a 1% share
  6. Repair, Maintenance, Upgrade & Others: five contracts and a 1% share.

Europe leads solar contracts activity in Q1 2021

Comparing contracts activity in solar technology in different regions of the globe, Europe held the top position with 205 contracts and a share of 40% during Q1 2021, followed by Asia-Pacific with 179 contracts and a 35% share and North America with 93 contracts and an 18.2% share.

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In fourth place was South and Central America with 21 contracts and a 4.1% share and in fifth place was Middle East and Africa with 14 contracts and a 2.7% share.

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Solar technology contracts in Q1 2021: Top issuers by capacity

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

  1. Andhra Pradesh Green Energy (India): 6,400MW from 12 contracts
  2. New York State Energy Research & Development Authority (United States): 2,112.89MW from 21 contracts
  3. Gujarat Urja Vikas Nigam (India): 1,000MW capacity from nine contracts.

Solar technology contracts in Q1 2021: Top winners by capacity

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

  1. Adani Renewable Energy Holding Twelve (India): 3,000MW from five contracts
  2. Shirdi Sai Electricals (India): 2,200MW from four contracts
  3. NTPC (India): 950MW capacity from three contracts.

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.