Generation equipment contracts down 36% in January 2020

25 February 2020 (Last Updated February 25th, 2020 06:46)

Generation equipment contracts down 36% in January 2020

Generation equipment contracts in January 2020 saw 49 contracts announced, marking a drop of 36% over the last 12-month average of 77, according to GlobalData’s power industry contracts database.

  • Embed this chart

    Embed this chart into your website

    Copy and paste the code below into your website to display the chart.

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

  1. Supply & Erection: 38 contracts and a 77.6% share
  2. Repair, Maintenance, Upgrade & Others: nine contracts and an 18.4% share
  3. Project Implementation: two contracts and a 4.1% share.

Europe leads generation equipment activity in January 2020

Comparing contracts activity in generation equipment segment in different regions of the globe, Europe held the top position with 23 contracts and a share of 46.9% during January 2020, followed by Asia-Pacific with ten contracts and a 20.4% share and North America with eight contracts and a 16.3% share.

  • Embed this chart

    Embed this chart into your website

    Copy and paste the code below into your website to display the chart.

Wind is leading technology for generation equipment contracts in January 2020

Among the technologies, wind accounted for 18 contracts with a 36.7% share, followed by solar with 16 contracts and a 32.7% share and thermal with nine contracts and an 18.4% share.

Generation equipment contracts in January 2020: Top winners by capacity

The top winner of contracts for the month in terms of power capacity involved was:Progetti International (Italy) with 10MW 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.