Global power industry tenders in Q1 2020: Solar technology down 20%

16 April 2020 (Last Updated April 16th, 2020 13:15)

Global power industry tenders in Q1 2020: Solar technology down 20%

Solar technology tenders activity in Q1 2020 saw 291 tenders announced, marking a drop of 20% over the last four-quarter average of 364, according to GlobalData’s power industry tenders 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 tenders activity divided by the type of technology, solar held the second position in terms of number of tenders during Q1 2020 with a 37.5% share.

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

  1. Project Implementation: 223 tenders and a 76.6% share
  2. Repair, Maintenance, Upgrade & Others: 19 tenders and a 6.5% share
  3. Supply & Erection: 19 tenders and a 6.5% share
  4. Consulting & Similar Services: 16 tenders and a 5.5% share
  5. Power Purchase Agreement: 11 tenders and a 3.8% share
  6. Electricity Supply: three tenders and a 1% share.

Asia-Pacific leads solar tenders activity in Q1 2020

Comparing tenders activity in solar technology in different regions of the globe, Asia-Pacific held the top position with 190 tenders and a share of 65.3% during Q1 2020, followed by North America with 44 tenders and a 15.1% share and Middle East and Africa with 32 tenders and an 11% share.

In fourth place was Europe with 19 tenders and a 6.5% share and in fifth place was South and Central America with six tenders and a 2.1% 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 tenders in Q1 2020: Top companies by capacity

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

  1. Solar Energy Corporation of India (India): 9,484MW from eight tenders
  2. NTPC (India): 1,986.3MW from six tenders
  3. Rewa Ultra Mega Solar (India) and Emirates Water and Electricity (United Arab Emirates): 1,500MW capacity from one tender.

All publicly-announced tenders 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 tenders are available for subscribers to GlobalData’s Power database.