Europe T&D equipment contracts activity down 28% in Q3 2019

3 December 2019 (Last Updated December 3rd, 2019 06:26)

Europe T&D equipment contracts activity down 28% in Q3 2019
Oil and gas companies are making moves into the UK energy market.

There were 21 T&D equipment contracts announced in the Europe region in Q3 2019, marking a drop of 28% over the last 12-month average of 29, 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 2019 with 188 contracts and a 58% share, followed by Generation Equipment with 70 contracts and a 21.6% share and Electricity Procurement with 23 contracts and a 7.1% share during the quarter.

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

  1. Supply & Erection: 16 contracts and a 76.2% share
  2. Project Implementation: three contracts and a 14.3% share
  3. Repair, Maintenance, Upgrade & Others: two contracts and a 9.5% share.

Wind is top technology for Europe T&D equipment contracts in Q3 2019

Looking at T&D equipment contracts by the type of technology in the Europe region, wind accounted for four contracts with a 50% share, followed by solar with three contracts and a 37.5% share and hydro with one contract and a 12.5% 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.