Generation equipment contracts remain flat in July 2020

18 August 2020 (Last Updated August 18th, 2020 05:53)
Generation equipment contracts remain flat in July 2020

Generation equipment contracts in July 2020 saw 85 contracts announced, marking a flat growth over the last 12-month average of 85, 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: 66 contracts and a 77.6% share
  2. Repair, Maintenance, Upgrade & Others: ten contracts and an 11.8% share
  3. Project Implementation: eight contracts and a 9.4% share
  4. Consulting & Similar Services: one contract and a 1.2% share.

Europe leads generation equipment activity in July 2020

Comparing contracts activity in generation equipment segment in different regions of the globe, Europe held the top position with 32 contracts and a share of 37.6% during July 2020, followed by Asia-Pacific with 26 contracts and a 30.6% share and North America with 11 contracts and a 12.9% share.

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Wind is leading technology for generation equipment contracts in July 2020

Among the technologies, wind accounted for 35 contracts with a 40.7% share, followed by thermal with 23 contracts and a 26.7% share and solar with 15 contracts and a 17.4% share.

Generation equipment contracts in July 2020: Top issuers by capacity

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

  1. Xinghai Group: 250MW from one contract
  2. Ecotech Tra Vinh Renewable Energy (Vietnam): 78MW from one contract
  3. Virgin Islands Water and Power Authority (United States): 36MW capacity from one contract.

Generation equipment contracts in July 2020: Top winners by capacity

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

  1. Risen Energy (China): 250MW from one contract
  2. Siemens Gamesa Renewable Energy (Spain) and Powerchina Huadong Engineering (China): 78MW from one contract
  3. Wartsila (Finland): 36MW 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.