Solar technology contracts activity in Q2 2019 saw 284 contracts announced, marking a drop of 36% over the last four-quarter average of 445, 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 Q2 2019 with a 41.5% share.
The proportion of contracts by category in the Solar technology tracked by GlobalData in the quarter was as follows:
- Project Implementation: 124 contracts and a 43.7% share
- Power Purchase Agreement: 87 contracts and a 30.6% share
- Supply & Erection: 49 contracts and a 17.3% share
- Consulting & Similar Services: 11 contracts and a 3.9% share
- Electricity Supply: 11 contracts and a 3.9% share
- Repair, Maintenance, Upgrade & Others: two contracts and a 0.7% share.
Asia-Pacific leads solar contracts activity in Q2 2019
Comparing contracts activity in solar technology in different regions of the globe, Asia-Pacific held the top position with 99 contracts and a share of 34.9% during Q2 2019, followed by North America with 84 contracts and a 29.6% share and Europe with 51 contracts and an 18% share.
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By GlobalDataIn fourth place was Middle East and Africa with 33 contracts and an 11.6% share and in fifth place was South and Central America with 17 contracts and a 6% share.
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Solar technology contracts in Q2 2019: Top companies by capacity
The top issuers of contracts in Solar technology for the quarter in terms of power capacity involved were:
- Solar Energy Corporation of India (India): 2,730MW from 13 contracts
- Gujarat Urja Vikas Nigam (India): 1,300MW from 11 contracts
- Green Of Africa (Morocco), Abu Dhabi Future Energy (United Arab Emirates), EDF Renewables (United States), South Bihar Power Distribution, Moroccan Agency for Sustainable Energy (Morocco) and North Bihar Power Distribution: 800MW capacity from one contract.
Solar technology contracts in Q2 2019: Top winners by capacity
The top winners of contracts for the quarter in terms of power capacity involved were:
- Solar Energy Corporation of India (India): 2,350MW from five contracts
- TSK Electronica y Electricidad (Spain), Abu Dhabi Future Energy (United Arab Emirates), EDF Renewables (United States) and Green Of Africa (Morocco): 800MW from one contract
- Adani Renewable Energy Park (Gujarat) (India): 600MW 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.
