North America power industry contracts activity in Q4 2020 saw 185 contracts announced, marking a drop of 23% over the last four-quarter average of 240, according to GlobalData’s power database.

North America power industry contracts in Q4 2020: The US leads activity

Looking at contracts by country, the US led the activity in Q4 2020 with 158 contracts and a share of 85.4%, up 0.6% over the previous quarter and down 24% when compared with the last four-quarter average, followed by Canada with 19 contracts and a share of 10.3% and Mexico with four contracts and a share of 2.2% during the quarter.

Looking at the last four-quarter average, the US held the top spot with 209 contracts, followed by Canada with 22 and Mexico with eight contracts.

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Solar is top technology area for contracts in Q4 2020

Looking at contracts divided by the type of technology, solar accounted for the largest proportion with 101 contracts and a 59.8% share, followed by wind with 40 contracts and a 23.7% share and thermal with 18 contracts and a 10.7% share.

Looking at power industry contracts divided by segment as tracked by GlobalData, Electricity Procurement was the most popular segment in North America power contracts activity during Q4 2020, with 74 contracts, followed by Generation Equipment (54) and Power Plant (39).

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

1. Power Purchase Agreement: 64 contracts and a 34.6% share
2. Supply & Erection: 52 contracts and a 28.1% share
3. Project Implementation: 38 contracts and a 20.5% share
4. Repair, Maintenance, Upgrade & Others: 15 contracts and an 8.1% share
5. Electricity Supply: ten contracts and a 5.4% share
6. Consulting & Similar Services: six contracts and a 3.2% share.

Power contracts in Q4 2020: Top issuers by capacity

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

1. Amazon Web Services (United States): 1,210MW from two contracts
2. Northern Indiana Public Service Co L (United States): 1,180MW from four contracts
3. Terra-Gen L (United States): 1,118MW capacity from one contract.

Power contracts in Q4 2020: Top winners by capacity

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

1. Mortenson Construction (United States): 1,118MW from one contract
2. NextEra Energy Resources L (United States): 900MW from three contracts
3. Acciona Energia (Spain): 641MW 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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