Solar technology contracts activity in Q2 2019 saw 284 contracts announced, marking a drop of 36% over the last four-quarter average of 445, 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 Q2 2019 with a 41.5% share.

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

  1. Project Implementation: 124 contracts and a 43.7% share
  2. Power Purchase Agreement: 87 contracts and a 30.6% share
  3. Supply & Erection: 49 contracts and a 17.3% share
  4. Consulting & Similar Services: 11 contracts and a 3.9% share
  5. Electricity Supply: 11 contracts and a 3.9% share
  6. Repair, Maintenance, Upgrade & Others: two contracts and a 0.7% share.

Asia-Pacific leads solar contracts activity in Q2 2019

Comparing contracts activity in solar technology in different regions of the globe, Asia-Pacific held the top position with 99 contracts and a share of 34.9% during Q2 2019, followed by North America with 84 contracts and a 29.6% share and Europe with 51 contracts and an 18% share.

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In fourth place was Middle East and Africa with 33 contracts and an 11.6% share and in fifth place was South and Central America with 17 contracts and a 6% share.

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Solar technology contracts in Q2 2019: Top companies by capacity

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

  1. Solar Energy Corporation of India (India): 2,730MW from 13 contracts
  2. Gujarat Urja Vikas Nigam (India): 1,300MW from 11 contracts
  3. Green Of Africa (Morocco), Abu Dhabi Future Energy (United Arab Emirates), EDF Renewables (United States), South Bihar Power Distribution, Moroccan Agency for Sustainable Energy (Morocco) and North Bihar Power Distribution: 800MW capacity from one contract.

Solar technology contracts in Q2 2019: Top winners by capacity

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

  1. Solar Energy Corporation of India (India): 2,350MW from five contracts
  2. TSK Electronica y Electricidad (Spain), Abu Dhabi Future Energy (United Arab Emirates), EDF Renewables (United States) and Green Of Africa (Morocco): 800MW from one contract
  3. Adani Renewable Energy Park (Gujarat) (India): 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.