Europe generation equipment contracts activity up 3% in December 2020

8 January 2021 (Last Updated January 8th, 2021 11:32)

Europe generation equipment contracts activity up 3% in December 2020
Oil and gas companies are making moves into the UK energy market.

There were 41 generation equipment contracts announced in the Europe region in December 2020, marking a rise of 3% over the last 12-month average of 40, according to GlobalData’s power industry contracts database.

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T&D Equipment stood at first place when compared with other power tender categories in the Europe region in December 2020 with 42 contracts and a 28.4% share, followed by Generation Equipment with 41 contracts and a 27.7% share and Power Plant with 19 contracts and a 12.8% share during the month.

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

  1. Supply & Erection: 38 contracts and a 92.7% share
  2. Repair, Maintenance, Upgrade & Others: two contracts and a 4.9% share
  3. Project Implementation: one contract and a 2.4% share.

Wind is top technology for Europe generation equipment contracts in December 2020

Looking at generation equipment contracts by the type of technology in the Europe region, wind accounted for 28 contracts with a 68.3% share, followed by solar with five contracts and a 12.2% share and thermal with three contracts and a 7.3% share.

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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.