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Europe generation equipment contracts activity down 45% in January 2021

23 Feb 2021 (Last Updated February 23rd, 2021 02:36)

Europe generation equipment contracts activity down 45% in January 2021

There were 23 generation equipment contracts announced in the Europe region in January 2021, marking a drop of 45% over the last 12-month average of 42, according to GlobalData’s power industry contracts database.

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Power Plant stood at first place when compared with other power tender categories in the Europe region in January 2021 with 72 contracts and a 51.1% share, followed by Generation Equipment with 23 contracts and a 16.3% share and T&D Equipment with 21 contracts and a 14.9% share during the month.

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

  1. Supply & Erection: 22 contracts and a 95.7% share
  2. Repair, Maintenance, Upgrade & Others: one contract and a 4.3% share.

Wind is top technology for Europe generation equipment contracts in January 2021

Looking at generation equipment contracts by the type of technology in the Europe region, wind accounted for 15 contracts with a 65.2% share, followed by solar with three contracts and a 13% share and thermal with two contracts and an 8.7% 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.