Europe power plant contracts activity up 7% in Q3 2020

23 October 2020 (Last Updated October 23rd, 2020 06:46)

Europe power plant contracts activity up 7% in Q3 2020

There were 231 power plant contracts announced in the Europe region in Q3 2020, marking a rise of 7% over the last 12-month average of 216, 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. Project Implementation: 203 contracts and an 87.9% share
  2. Consulting & Similar Services: 20 contracts and an 8.7% share
  3. Repair, Maintenance, Upgrade & Others: six contracts and a 2.6% share
  4. Power Purchase Agreement: two contracts and a 0.9% share.

Solar is top technology for Europe power plant contracts in Q3 2020

Looking at power plant contracts by the type of technology in the Europe region, solar accounted for 151 contracts with a 65.1% share, followed by wind with 63 contracts and a 27.2% share and thermal with nine contracts and a 3.9% share.

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Europe power plant contracts in Q3 2020: Top issuers by capacity

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

  1. Total (France): 3,300MW from one contract
  2. Government of Czech Republic: 2,400MW from one contract
  3. Netherlands Enterprise Agency (Netherlands): 1,518MW capacity from one contract.

Europe power plant 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. Ignis Energia (Spain): 3,300MW from one contract
  2. CEZ, (Czech Republic): 2,400MW from one contract
  3. Eneco Holding (Netherlands) and Royal Dutch Shell (Netherlands): 1,518MW 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.