Generation equipment contracts up 1% in April 2020

21 May 2020 (Last Updated May 21st, 2020 14:21)

Generation equipment contracts up 1% in April 2020

Generation equipment contracts in April 2020 saw 79 contracts announced, marking a rise of 1% over the last 12-month average of 78, according to GlobalData’s power industry contracts database.

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

  1. Supply & Erection: 71 contracts and an 89.9% share
  2. Repair, Maintenance, Upgrade & Others: four contracts and a 5.1% share
  3. Consulting & Similar Services: two contracts and a 2.5% share
  4. Project Implementation: two contracts and a 2.5% share.

Asia-Pacific leads generation equipment activity in April 2020

Comparing contracts activity in generation equipment segment in different regions of the globe, Asia-Pacific held the top position with 31 contracts and a share of 39.2% during April 2020, followed by Europe with 31 contracts and a 39.2% share and North America with nine contracts and an 11.4% share.

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Wind is leading technology for generation equipment contracts in April 2020

Among the technologies, wind accounted for 39 contracts with a 49.4% share, followed by solar with 15 contracts and a 19% share and thermal with 15 contracts and a 19% share.

Generation equipment contracts in April 2020: Top companies by capacity

The top issuer of generation equipment contracts for the month in terms of power capacity involved was:Beijing Energy Investment Holding (China) with 92MW from one contract.

Generation equipment contracts in April 2020: Top winners by capacity

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

  1. Wartsila (Finland): 400MW from one contract
  2. LONGi Solar Technology (China): 92MW 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.