Europe Solar Technology Contracts Activity Drops 64% in Q2 2019

Europe solar technology contracts in Q2 2019 saw 51 contracts announced, marking a drop of 64 percent over the last four-quarter average of 143 contracts

Solar Contracts

Europe solar technology contracts in the second quarter (Q2) of 2019 saw 51 new contracts announced, marking a drop of 64 percent over the last four-quarter average of 143, according to GlobalData’s power industry contracts database.

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

  1. Project Implementation with 20 contracts and a 39.2 percent share
  2. Supply & Erection: 15 contracts and a 29.4 percent share
  3. Power Purchase Agreement: 13 contracts and a 25.5 percent share
  4. Electricity Supply: two contracts and a 3.9 percent share
  5. Repair, Maintenance, Upgrade & Others: one contract and a 2 percent share.

Spain tops Europe solar power contracts activity

Spain was the top country in the Europe region for solar technology contracts recorded in Q2 2019 with nine contracts and a 17.6 percent share, followed by Greece with six contracts and an 11.8 percent share and the UK with five contracts and a 9.8 percent share.

Europe solar technology contracts in Q2 2019: Top companies by capacity

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

  1. The Regulatory Authority for Energy (Greece): 371.18 MW from six contracts
  2. Scatec Solar (Norway): 148 MW from one contract
  3. SNCF Mobilites Group (France): 143 MW capacity from one contract.

Europe solar technology contracts in Q2 2019: Top winners by capacity

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

  1. juwi Hellas (Greece): 204.31 MW from three contracts
  2. PowerChina Guizhou Engineering (China) and Voltalia (France): 148 MW from one contract
  3. Spes Solaris (Greece): 106.87 MW capacity from two contracts.

All publicly-announced tenders 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. 

Ayush Verma

Ayush Verma

Ayush is a staff writer at saurenergy.com and writes on renewable energy with a special focus on solar and wind. Prior to this, as an engineering graduate trying to find his niche in the energy journalism segment, he worked as a correspondent for iamrenew.com.

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