Global Solar Tender Activity Down 26 Percent in Q3 of 2019

Solar technology tenders activity in Q3 2019 saw 314 tenders announced, marking a drop of 26 percent over the last four-quarter average of 427.

Solar Tenders Activity Down

Solar technology tenders activity in Q3 2019 saw 314 tenders announced, marking a drop of 26 percent over the last four-quarter average of 427, according to GlobalData’s power industry tenders database.

Looking at global power tenders activity divided by the type of technology, solar held the second position in terms of the number of tenders during Q3 2019 with a 38 percent share.

The proportion of tenders by category in the Solar technology tracked by the firm in the quarter was as follows:

  • Project Implementation: 251 tenders and a 79.9 percent share
  • Supply & Erection: 20 tenders and a 6.4 percent share
  • Power Purchase Agreement: 14 tenders and a 4.5 percent share
  • Consulting & Similar Services: 13 tenders and a 4.1 percent share
  • Repair, Maintenance, Upgrade & Others: ten tenders and a 3.2 percent share
  • Electricity Supply: six tenders and a 1.9 percent share.

According to the data furnished, Asia-Pacific led the solar tenders activity in the period. Comparing tenders activity in solar technology in different regions of the globe, Asia-Pacific held the top position with 243 tenders and a share of 77.4 percent during Q3 2019, followed by the Middle East and Africa with 27 tenders and an 8.6 percent share and North America with 20 tenders and a 6.4 percent share.

In fourth place was Europe with 18 tenders and a 5.7 percent share and in fifth place was South and Central America with six tenders and a 1.9 percent share.

Further, the data also revealed that the top issuers of tenders in solar technology for the quarter in terms of power capacity involved, and the top 3 positions were all held by Indian companies along with Emirates Water and Electricity.

At number 1 was the Solar Energy Corporation of India (India) with 3,072.52 MW from five tenders. At second, NHPC (India) and Emirates Water and Electricity (United Arab Emirates) with 2,000 MW from one tender. And in third, Maharashtra State Electricity Distribution (India) with 1,880 MW capacity from 30 tenders.

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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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