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Generation equipment contracts in Q1 2021 saw 259 contracts announced, marking a drop of 19% over the last four-quarter average of 320, according to GlobalData’s power industry contracts database.

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

  1. Supply & Erection: 236 contracts and a 91.1% share
  2. Repair, Maintenance, Upgrade & Others: 16 contracts and a 6.2% share
  3. Project Implementation: six contracts and a 2.3% share
  4. Consulting & Similar Services: one contract and a 0.4% share.

Europe leads generation equipment activity in Q1 2021

Comparing contracts activity in generation equipment segment in different regions of the globe, Europe held the top position with 106 contracts and a share of 40.9% during Q1 2021, followed by Asia-Pacific with 80 contracts and a 30.9% share and North America with 42 contracts and a 16.2% share.

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Wind is leading technology for generation equipment contracts in Q1 2021

Among the technologies, wind accounted for 115 contracts with a 44.4% share, followed by solar with 74 contracts and a 28.6% share and thermal with 36 contracts and a 13.9% share.

Generation equipment contracts in Q1 2021: Top issuers by capacity

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

  1. Canacol Energy, Celsia (Colombia) and Proelectrica & CIA (Spain): 200MW from one contract
  2. Ethiopian Electric Power (Ethiopia) and Hanbaram Wind Power (Vietnam): 100MW from one contract
  3. Integrum Energy Infrastructure Pvt (India): 96MW capacity from one contract.

Generation equipment contracts in Q1 2021: Top winners by capacity

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

  1. Siemens Gamesa Renewable Energy (Spain) and Wartsila (Finland): 200MW from one contract
  2. Inox Wind (India): 96MW from one contract
  3. Amara Raja Power Systems (India): 90MW 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.