Power plant contracts in May 2021 saw 91 contracts announced, marking a drop of 42% over the last 12-month average of 156, according to GlobalData’s power industry contracts database.

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

  1. Project Implementation: 59 contracts and a 64.8% share
  2. Consulting & Similar Services: 19 contracts and a 20.9% share
  3. Repair, Maintenance, Upgrade & Others: nine contracts and a 9.9% share
  4. Power Purchase Agreement: four contracts and a 4.4% share.

Asia-Pacific leads power plant activity in May 2021

Comparing contracts activity in power plant segment in different regions of the globe, Asia-Pacific held the top position with 37 contracts and a share of 40.7% during May 2021, followed by Europe with 35 contracts and a 38.5% share and North America with 11 contracts and a 12.1% share.

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Solar is leading technology for power plant contracts in May 2021

Among the technologies, solar accounted for 48 contracts with a 52.7% share, followed by wind with 25 contracts and a 27.5% share and biopower with eight contracts and an 8.8% share.

Power plant contracts in May 2021: Top issuers by capacity

The top issuers of power plant contracts for the month in terms of power capacity involved were:

  1. State Power Investment (China): 7,200MW from one contract
  2. Ministry of Energy of the Republic of Uzbekistan (Uzbekistan): 1,940MW from two contracts
  3. Pakistan Water and Power Development Authority (Pakistan): 1,530MW capacity from one contract.

Power plant contracts in May 2021: Top winners by capacity

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

  1. Jolywood (Taizhou) Solar Technology (China): 7,200MW from one contract
  2. Power Construction Corporation of China (China): 1,530MW from one contract
  3. ACWA Power International (Saudi Arabia): 1,500MW 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.