Global power industry tenders in Q2 2020: Solar technology down 17%

8 August 2020 (Last Updated August 17th, 2020 08:29)

Global power industry tenders in Q2 2020: Solar technology down 17%

Solar technology tenders activity in Q2 2020 saw 275 tenders announced, marking a drop of 17% over the last four-quarter average of 330, according to GlobalData’s power industry tenders database.

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Looking at global power tenders activity divided by the type of technology, solar held the second position in terms of number of tenders during Q2 2020 with a 32% share.

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

  1. Project Implementation: 207 tenders and a 75.3% share
  2. Supply & Erection: 31 tenders and an 11.3% share
  3. Repair, Maintenance, Upgrade & Others: 12 tenders and a 4.4% share
  4. Consulting & Similar Services: 12 tenders and a 4.4% share
  5. Power Purchase Agreement: ten tenders and a 3.6% share
  6. Electricity Supply: three tenders and a 1.1% share.

Asia-Pacific leads solar tenders activity in Q2 2020

Comparing tenders activity in solar technology in different regions of the globe, Asia-Pacific held the top position with 172 tenders and a share of 62.5% during Q2 2020, followed by North America with 48 tenders and a 17.5% share and Europe with 30 tenders and a 10.9% share.

In fourth place was Middle East and Africa with 21 tenders and a 7.6% share and in fifth place was South and Central America with four tenders and a 1.5% share.

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Solar technology tenders in Q2 2020: Top issuers by capacity

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

  1. Ministry of Energy, Algeria: 4,000MW from one tender
  2. Solar Energy Corporation of India (India): 2,525MW from three tenders
  3. Railway Energy Management (India): 1,400MW capacity from two tenders.

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.