Oil and gas companies are making moves into the UK energy market.

Solar technology contracts activity in November 2022 saw 32 contracts announced, marking a drop of 68% over the last 12-month average of 101, 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 November 2022 with a 56.1% share.

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

  1. Power Purchase Agreement: 27 contracts and an 84.4% share
  2. Project Implementation: four contracts and a 12.5% share
  3. Consulting & Similar Services: one contract and a 3.1% share.

Europe leads solar contracts activity in November 2022

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Comparing contracts activity in solar technology in different regions of the globe, Europe held the top position with 13 contracts and a share of 40.6% during November 2022, followed by North America with six contracts and an 18.8% share and South and Central America with five contracts and a 15.6% share.

In fourth place was Asia-Pacific with five contracts and a 15.6% share and in fifth place was Middle East and Africa with three contracts and a 9.4% share.

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Solar technology contracts in November 2022: Top companies by capacity

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

  1. Bangladesh Garment Manufacturers and Exporters Association: 2,000MW from one contract
  2. Google (United States): 1,091MW from two contracts
  3. Amazon Web Services (United States): 601.6MW capacity from one contract.

Solar technology contracts in November 2022: Top winners by capacity

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

  1. Huawei Technologies (China): 2,000MW from one contract
  2. SB Energy Global Holdings (United Kingdom): 942MW from one contract
  3. Brookfield Renewable (United States): 601.6MW 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.