Europe power plant contracts activity down 65% in Q4 2020

18 January 2021 (Last Updated January 18th, 2021 08:55)

Europe power plant contracts activity down 65% in Q4 2020

There were 77 power plant contracts announced in the Europe region in Q4 2020, marking a drop of 65% over the last four-quarter average of 217, according to GlobalData’s power industry contracts database.

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Generation Equipment stood at first place when compared with other power tender categories in the Europe region in Q4 2020 with 125 contracts and a 29.1% share, followed by T&D Equipment with 85 contracts and a 19.8% share and Power Plant with 77 contracts and a 17.9% share during the quarter.

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

  1. Project Implementation: 40 contracts and a 51.9% share
  2. Consulting & Similar Services: 26 contracts and a 33.8% share
  3. Repair, Maintenance, Upgrade & Others: 11 contracts and a 14.3% share.

Wind is top technology for Europe power plant contracts in Q4 2020

Looking at power plant contracts by the type of technology in the Europe region, wind accounted for 31 contracts with a 40.3% share, followed by solar with 18 contracts and a 23.4% share and nuclear with 15 contracts and a 19.5% share.

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Europe power plant contracts in Q4 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. Wind Farm L (Ukraine): 800MW from one contract
  2. Elawan Energy (Spain): 250MW from one contract
  3. Hive Energy (United Kingdom): 226MW capacity from two contracts.

Europe power plant contracts in Q4 2020: Top winners by capacity

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

  1. Power Construction Corporation of China (China): 800MW from one contract
  2. Eiffage Energia S L U (Spain): 250MW from one contract
  3. juwi (Germany): 204MW 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.