North America power industry contracts activity in Q4 2021 saw 168 contracts announced, marking a drop of 19% over the last four-quarter average of 207, according to GlobalData’s power database.
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North America power industry contracts in Q4 2021: The US leads activity
Looking at contracts by country, the US led the activity in Q4 2021 with 153 contracts and a share of 91.1%, a flat growth over the previous quarter and down 17% when compared with the last four-quarter average, followed by Canada with 12 contracts and a share of 7.1% and Mexico with three contracts and a share of 1.8% during the quarter.
Looking at the last four-quarter average, the US held the top spot with 184 contracts, followed by Canada with 16 and Mexico with four contracts.
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Solar is top technology area for contracts in Q4 2021
Looking at contracts divided by the type of technology, solar accounted for the largest proportion with 94 contracts and a 60.3% share, followed by wind with 37 contracts and a 23.7% share and hydro with nine contracts and a 5.8% 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 2021, with 52 contracts, followed by Power Plant (44) and Generation Equipment (43).
The proportion of contracts by category tracked by GlobalData in the quarter was as follows:
- Supply & Erection: 52 contracts and a 31% share
- Project Implementation: 50 contracts and a 29.8% share
- Power Purchase Agreement: 47 contracts and a 28% share
- Repair, Maintenance, Upgrade & Others: eight contracts and a 4.8% share
- Electricity Supply: five contracts and a 3% share
- Consulting & Similar Services: four contracts and a 2.4% share
- Others: two contracts and a 1.2% share.
Power contracts in Q4 2021: Top companies by capacity
The top issuers of contracts for the quarter in terms of power capacity involved in North America were:
- Amazon Web Services (United States): 1,300MW from two contracts
- Weyerhaeuser (United States): 1,000MW from one contract
- Chem-Energy (United States) and Omaha Public Power District (United States): 600MW capacity from one contract.
Power contracts in Q4 2021: Top winners by capacity
The top winners of contracts for the quarter in terms of power capacity involved in North America were:
- Apex Clean Energy Holdings (United States): 1,000MW from one contract
- M. A. Mortenson (United States): 900MW from two contracts
- Zachry Group (United States): 600MW 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.
