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May 2, 2020updated 22 Apr 2020 4:00pm

South and Central America power plant contracts activity down 52% in Q1 2020

There were 23 power plant contracts announced in the South and Central America region in Q1 2020, marking a drop of 52% over the last 12-month average of 48, according to GlobalData’s power industry contracts database.

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Power Plant stood at first place when compared with other power tender categories in the South and Central America region in Q1 2020 with 23 contracts and a 34.8% share, followed by Generation Equipment with 18 contracts and a 27.3% share and Electricity Procurement with 11 contracts and a 16.7% share during the quarter.

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

  1. Project Implementation: 14 contracts and a 60.9% share
  2. Repair, Maintenance, Upgrade & Others: six contracts and a 26.1% share
  3. Consulting & Similar Services: three contracts and a 13% share.

Solar is top technology for South and Central America power plant contracts in Q1 2020

Looking at power plant contracts by the type of technology in the South and Central America region, solar accounted for ten contracts with a 43.5% share, followed by thermal with eight contracts and a 34.8% share and wind with three contracts and a 13% share.

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South and Central America power plant contracts in Q1 2020: Top companies by capacity

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

  1. Atlas Renewable Energy (Chile): 244MW from one contract
  2. Electricity Generating Company Haina (Dominican Republic): 120MW from one contract
  3. Clean Capital Energie (Austria): 86MW capacity from one contract.

South and Central America power plant contracts in Q1 2020: 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. Proyectos de Instalaciones Electricas (Spain): 244MW from one contract
  2. Nordex (Germany): 156MW from one contract
  3. Elecnor (Spain): 120MW 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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