North America power industry contracts activity in November 2020 saw 48 contracts announced, marking a drop of 40% over the last 12-month average of 80, according to GlobalData’s power database.

North America power industry contracts in November 2020: The US leads activity

Looking at contracts by country, the US led the activity in November 2020 with 43 contracts and a share of 89.6%, up 4.5% over the previous month and down 39% when compared with the last 12 month-average, followed by Canada with three contracts and a share of 6.3% and Mexico with one contract and a share of 2.1% during the month.

Looking at the last 12-month average, the US held the top spot with 70 contracts, followed by Canada with seven and Mexico with two contracts.

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Solar is top technology area for contracts in November 2020

Looking at contracts divided by the type of technology, solar accounted for the largest proportion with 32 contracts and a 72.7% share, followed by wind with eight contracts and an 18.2% share and thermal with three contracts and a 6.8% share.

Looking at power industry contracts divided by segment in North America as tracked by GlobalData, Electricity Procurement was the most popular segment in November 2020, with 23 contracts, followed by Generation Equipment (11) and Power Plant (11).

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

1. Power Purchase Agreement: 18 contracts and a 37.5% share
2. Project Implementation: nine contracts and an 18.8% share
3. Supply & Erection: nine contracts and an 18.8% share
4. Repair, Maintenance, Upgrade & Others: five contracts and a 10.4% share
5. Electricity Supply: five contracts and a 10.4% share
6. Consulting & Similar Services: two contracts and a 4.2% share.

Power contracts in November 2020: Top issuers by capacity

The top issuers of contracts for the month in terms of power capacity involved in North America were:

1. Nucor (United States): 250MW from one contract
2. San Jose Clean Energy (United States) and Tennessee Valley Authority (United States): 225MW from one contract
3. Arizona Public Service (United States): 200MW capacity from one contract.

Power contracts in November 2020: Top winners by capacity

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

1. Invenergy L (United States): 325MW from four contracts
2. EDF Renewables North America (United States): 250MW from one contract
3. Pattern Energy Group (United States): 225MW 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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