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Europe's solar tech contracts activity shrinks 38% in July - GlobalData

Deal, business, corporate contracts

August 29 (Renewables Now) - The number of solar technology contracts in Europe dropped by 38% to 28 deals announced in July following the last 12-month average of 45, according to data and analytics company GlobalData.

GlobalData has found that 19 contracts were related to project implementation, five contracts were power purchase agreements (PPAs) and the remaining four were tied to supply and erection.

By country, Greece took the European top spot in July with 18 contracts recorded. Specifically, the Greek Regulatory Authority for Energy (RAE) issued all 18 of them securing 142.89 MW of solar power. Other large issuing parties in terms of capacity were Switzerland’s Alpiq Holding AG (SWX:ALPH) -- 121 MW from one contract, and Madrid-based Axpo Iberia SL, BlackRock Inc (NYSE:BLK) and Exus Management Partners for signing one contract for 24 MW.

Greece is followed by Spain and Portugal, where GlobalData tracked four and two contracts, respectively.

The top three awarded parties by capacity were Germany’s Luxcara GmbH with 121 MW benefiting from one contract, Spes Solaris of Greece -- 75.58 MW from seven contracts, and BlackRock, Efacec Power Solutions SGPS of Portugal and Spain’s Exus Management Partners with 24 MW from one contract.

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Sladjana is the newest addition to the Renewables Now team. She has significant experience as a Spain-focused business news reporter and is now diving deeper into the global renewable energy industry.

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