Europe T&D project contracts activity up 67% in Q2 2020

20 August 2020 (Last Updated August 20th, 2020 15:26)

Europe T&D project contracts activity up 67% in Q2 2020

There were 35 T&D project contracts announced in the Europe region in Q2 2020, marking a rise of 67% over the last 12-month average of 21, 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 Q2 2020 with 294 contracts and a 48.7% share, followed by Generation Equipment with 121 contracts and a 20% share and T&D Equipment with 102 contracts and a 16.9% share during the quarter.

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

  1. Project Implementation: 27 contracts and a 77.1% share
  2. Repair, Maintenance, Upgrade & Others: six contracts and a 17.1% share
  3. Consulting & Similar Services: two contracts and a 5.7% share.

Wind is top technology for Europe T&D project contracts in Q2 2020

Looking at T&D project contracts by the type of technology in the Europe region, wind accounted for 15 contracts with an 83.3% share, followed by hydro with two contracts and an 11.1% share and nuclear with one contract and a 5.6% 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.