Generation equipment contracts up 23% in March 2020

24 April 2020 (Last Updated April 24th, 2020 14:21)

Generation equipment contracts up 23% in March 2020

Generation equipment contracts in March 2020 saw 92 contracts announced, marking a rise of 23% over the last 12-month average of 75, 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: 80 contracts and an 87% share
  2. Repair, Maintenance, Upgrade & Others: seven contracts and a 7.6% share
  3. Project Implementation: four contracts and a 4.3% share
  4. Consulting & Similar Services: one contract and a 1.1% share.

Asia-Pacific leads generation equipment activity in March 2020

Comparing contracts activity in generation equipment segment in different regions of the globe, Asia-Pacific held the top position with 39 contracts and a share of 42.4% during March 2020, followed by Europe with 32 contracts and a 34.8% share and North America with 15 contracts and a 16.3% share.

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Wind is leading technology for generation equipment contracts in March 2020

Among the technologies, wind accounted for 39 contracts with a 42.4% share, followed by solar with 21 contracts and a 22.8% share and thermal with 18 contracts and a 19.6% share.

Generation equipment contracts in March 2020: Top companies by capacity

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

  1. JERA (Japan): 1,950MW from one contract
  2. Iren Energia (Italy): 430MW from one contract
  3. Guyana Power & Light (Guyana): 46.5MW capacity from one contract.

Generation equipment contracts in March 2020: Top winners by capacity

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

  1. Mitsubishi Electric (Japan) and Mitsubishi Hitachi Power Systems (Japan): 1,950MW from one contract
  2. Ansaldo Energia (Italy): 430MW from one contract
  3. Wartsila (Finland): 46.5MW 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.