Mercom: Lightsource bp tops checklist of worldwide solar builders ranked by whole capability

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By SB Staff August 31, 2022

Research and consulting agency Mercom Capital Group launched a brand new report asserting the 2021 prime world large-scale solar PV builders (masking July 2020 to June 2021). With 4.95 GW of operational tasks, Italian-based Enel Green Power emerged because the main solar PV developer worldwide by operational capability, adopted carefully by India-based Adani Green Energy (4.91 GW), with France-based Engie (3.47 GW) rating third.

In phrases of below building and awarded capability, Canadian Solar was first amongst world builders with 22.2 GW, adopted by Lightsource bp with 20.9 GW.

With a complete capability of 23.6 GW, Lightsource bp emerged as the highest solar PV developer on this planet primarily based on operational, below building, and awarded (contracted) tasks, adopted carefully by Canadian Solar with 23.5 GW. Brookfield Renewables ranked third with 19.5 GW.

In growing this world report, a key criterion for qualification was builders with tasks in a minimum of two international locations.

The prime builders embody a number of renewable energy arms of commercial and power conglomerates, subsidiaries of asset administration firms, and pure-play renewable and solar firms. They hailed from all around the globe, together with the United Kingdom, Canada, the United States, India, Italy, Norway, France, and Germany.

The prime 10 builders account for over 125 GW of operational, under-construction, and awarded (contracted) solar tasks. For under-construction and awarded tasks, the highest large-scale solar builders accounted for nearly 100 GW.

There have been important adjustments within the prime 10 checklist in comparison with the earlier 12 months on account of some giant M&A offers within the trade, with gigawatt-scale portfolios altering arms. According to Mercom’s 2020 Solar Funding and M&A Report, about 40 GW of tasks modified arms in calendar 12 months 2020. During the reporting interval of July 2020 to June 2021, over 64 GW of tasks have been acquired throughout the globe.

Of the highest 10 world solar builders, the Asia-Pacific (APAC) area made up about 24% of builders’ capability; North America at about 18%; and Europe, the Middle East, and Africa (EMEA) at about 20%. Approximately 38% of tasks have been sited in Latin America.

A big variety of installations and under-construction tasks by the highest builders have been in Latin America. Countries equivalent to Brazil, Mexico, Chile, and Argentina have good solar sources, and are seeing declining costs, and favorable insurance policies.

“Despite lockdowns, labor shortages, and supply chain issues associated with the COVID-19 pandemic, top solar developers overcame these challenges and continued to expand in mature and emerging markets at an unprecedented pace,” stated Raj Prabhu, CEO of Mercom Capital Group.

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Tags: market analysis, utility-scale

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