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October 26, 2021

Power industry contracts in South and Central America for Q3 2021 down 4%

South and Central America power industry contracts activity in Q3 2021 saw 55 contracts announced, marking a drop of 4% over the last four-quarter average of 57, according to GlobalData’s power database.

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South and Central America power industry contracts in Q3 2021: Brazil leads activity

Looking at contracts by country, Brazil led the activity in Q3 2021 with 25 contracts and a share of 45.5%, up 2.4% over the previous quarter and up 4% when compared with the last four-quarter average, followed by Colombia with six contracts and a share of 10.9% and Chile with four contracts and a share of 7.3% during the quarter.

Looking at the last four-quarter average, Brazil held the top spot with 24 contracts, followed by Chile with 13 and Colombia with five contracts.

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Solar is top technology area for contracts in Q3 2021

Looking at contracts divided by the type of technology, solar accounted for the largest proportion with 20 contracts and a 37.7% share, followed by wind with 13 contracts and a 24.5% share and hydro with eight contracts and a 15.1% share.

Looking at power industry contracts divided by segment as tracked by GlobalData, Generation Equipment was the most popular segment in South and Central America power contracts activity during Q3 2021, with 20 contracts, followed by Electricity Procurement (16) and Power Plant (10).

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

  1. Supply & Erection: 22 contracts and a 40% share
  2. Power Purchase Agreement: 14 contracts and a 25.5% share
  3. Project Implementation: ten contracts and an 18.2% share
  4. Repair, Maintenance, Upgrade & Others: five contracts and a 9.1% share
  5. Consulting & Similar Services: two contracts and a 3.6% share
  6. Electricity Supply: two contracts and a 3.6% share.

Power contracts in Q3 2021: Top companies by capacity

The top issuers of contracts for the quarter in terms of power capacity involved in South and Central America were:

  1. Unipar: 239MW from one contract
  2. BRF (Brazil): 160MW from two contracts
  3. COPEL – Companhia Paranaense de Energia (Brazil): 137MW capacity from one contract.

Power contracts in Q3 2021: Top winners by capacity

The top winners of contracts for the quarter in terms of power capacity involved in South and Central America were:

  1. Atlas Renewable Energy USA (United States): 239MW from one contract
  2. China Gezhouba Group International Engineering (China): 150MW from one contract
  3. Casa dos Ventos Energias Renovaveis (Brazil): 137MW 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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