Solar technology contracts activity in July 2020 saw 86 contracts announced, marking a drop of 41% over the last 12-month average of 145, 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 July 2020 with a 36.4% share.

The proportion of contracts by category in the Solar technology tracked by GlobalData in the month was as follows:

  1. Project Implementation: 38 contracts and a 44.2% share
  2. Power Purchase Agreement: 28 contracts and a 32.6% share
  3. Supply & Erection: 14 contracts and a 16.3% share
  4. Repair, Maintenance, Upgrade & Others: two contracts and a 2.3% share
  5. Consulting & Similar Services: two contracts and a 2.3% share
  6. Electricity Supply: two contracts and a 2.3% share.

North America leads solar contracts activity in July 2020

Comparing contracts activity in solar technology in different regions of the globe, North America held the top position with 26 contracts and a share of 30.2% during July 2020, followed by Europe with 23 contracts and a 26.7% share and Asia-Pacific with 21 contracts and a 24.4% share.

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In fourth place was Middle East and Africa with nine contracts and a 10.5% share and in fifth place was South and Central America with seven contracts and an 8.1% share.

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Solar technology contracts in July 2020: Top issuers by capacity

The top issuers of contracts in Solar technology for the month in terms of power capacity involved were:

  1. Solar Energy Corporation of India (India): 4,001.95MW from two contracts
  2. Emirates Water and Electricity (United Arab Emirates): 2,000MW from one contract
  3. ACWA Power International (Saudi Arabia): 900MW capacity from one contract.

Solar technology contracts in July 2020: Top winners by capacity

The top winners of contracts for the month in terms of power capacity involved were:

  1. Azure Power (India): 4,000MW from one contract
  2. Abu Dhabi Future Energy (United Arab Emirates), Abu Dhabi National Energy (United Arab Emirates), EDF Renewables (France) and Jinko Power Technology (China): 2,000MW from one contract
  3. Shanghai Electric Group (China): 900MW 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.