Europe generation equipment contracts activity up 20% in June 2020

31 July 2020 (Last Updated August 4th, 2020 13:11)

Europe generation equipment contracts activity up 20% in June 2020
Oil and gas companies are making moves into the UK energy market.

There were 36 generation equipment contracts announced in the Europe region in June 2020, marking a rise of 20% over the last 12-month average of 30, 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 June 2020 with 76 contracts and a 39.4% share, followed by T&D Equipment with 43 contracts and a 22.3% share and Generation Equipment with 36 contracts and an 18.7% share during the month.

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

  1. Supply & Erection: 30 contracts and an 83.3% share
  2. Repair, Maintenance, Upgrade & Others: four contracts and an 11.1% share
  3. Consulting & Similar Services: one contract and a 2.8% share
  4. Project Implementation: one contract and a 2.8% share.

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

Looking at generation equipment contracts by the type of technology in the Europe region, wind accounted for 27 contracts with a 75% share, followed by solar with three contracts and an 8.3% share and thermal with three contracts and an 8.3% share.

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Europe generation equipment contracts in June 2020: Top companies by capacity

The top issuer of generation equipment contracts for the month in terms of power capacity involved in Europe was:Evonik Industries (Germany) with 90MW from one contract.

Europe generation equipment contracts in June 2020: Top winners by capacity

The top winner of contracts for the month in terms of power capacity involved in Europe was:Siemens (Germany) with 90MW 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.