Generation equipment contracts up 3% in August 2020

6 October 2020 (Last Updated October 6th, 2020 03:36)

Generation equipment contracts up 3% in August 2020

Generation equipment contracts in August 2020 saw 92 contracts announced, marking a rise of 3% over the last 12-month average of 89, 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: 68 contracts and a 73.9% share
  2. Repair, Maintenance, Upgrade & Others: 21 contracts and a 22.8% share
  3. Project Implementation: three contracts and a 3.3% share.

Europe leads generation equipment activity in August 2020

Comparing contracts activity in generation equipment segment in different regions of the globe, Europe held the top position with 35 contracts and a share of 38% during August 2020, followed by Asia-Pacific with 29 contracts and a 31.5% share and North America with 17 contracts and an 18.5% share.

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Wind is leading technology for generation equipment contracts in August 2020

Among the technologies, wind accounted for 43 contracts with a 46.2% share, followed by thermal with 20 contracts and a 21.5% share and solar with 19 contracts and a 20.4% share.

Generation equipment contracts in August 2020: Top issuers by capacity

The top issuers of generation equipment contracts for the month in terms of power capacity involved were:

  1. Renewable Energy Systems (United Kingdom): 209MW from one contract
  2. Nexif Energy Management Pte (Singapore): 86MW from one contract
  3. GS Solar (Germany): 10MW capacity from one contract.

Generation equipment contracts in August 2020: Top winners by capacity

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

  1. General Electric International (United States): 209MW from one contract
  2. Vestas Asia Pacific Wind Technology Pte. (Singapore): 86MW from one contract
  3. Canadian Solar (Canada): 10MW 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.