Europe generation equipment contracts activity up 19% in Q3 2020

29 October 2020 (Last Updated October 29th, 2020 03:21)

Europe generation equipment contracts activity up 19% in Q3 2020

There were 124 generation equipment contracts announced in the Europe region in Q3 2020, marking a rise of 19% over the last 12-month average of 104, 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 Q3 2020 with 231 contracts and a 40% share, followed by Generation Equipment with 124 contracts and a 21.5% share and T&D Equipment with 101 contracts and a 17.5% share during the quarter.

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

  1. Supply & Erection: 94 contracts and a 75.8% share
  2. Repair, Maintenance, Upgrade & Others: 21 contracts and a 16.9% share
  3. Project Implementation: five contracts and a 4% share
  4. Consulting & Similar Services: four contracts and a 3.2% share.

Wind is top technology for Europe generation equipment contracts in Q3 2020

Looking at generation equipment contracts by the type of technology in the Europe region, wind accounted for 64 contracts with a 51.2% share, followed by thermal with 26 contracts and a 20.8% share and solar with 16 contracts and a 12.8% share.

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Europe generation equipment contracts in Q3 2020: Top issuers by capacity

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

  1. Gmina Puchaczow: 892MW from one contract
  2. UKA Group (United Kingdom): 13.5MW from one contract
  3. GS Solar (Germany): 10MW capacity from one contract.

Europe generation equipment contracts in Q3 2020: Top winners by capacity

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

  1. ML System (Poland): 892MW from one contract
  2. Nordex (Germany): 13.5MW from one contract
  3. Canadian Solar (Canada): 10MW 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.