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Generation equipment contracts down 10% in March 2021

15 Apr 2021 (Last Updated April 15th, 2021 11:21)

Generation equipment contracts down 10% in March 2021

Generation equipment contracts in March 2021 saw 96 contracts announced, marking a drop of 10% over the last 12-month average of 107, 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: 91 contracts and a 94.8% share
  2. Project Implementation: three contracts and a 3.1% share
  3. Repair, Maintenance, Upgrade & Others: two contracts and a 2.1% share.

Europe leads generation equipment activity in March 2021

Comparing contracts activity in generation equipment segment in different regions of the globe, Europe held the top position with 43 contracts and a share of 44.8% during March 2021, followed by Asia-Pacific with 28 contracts and a 29.2% share and North America with 13 contracts and a 13.5% share.

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Wind is leading technology for generation equipment contracts in March 2021

Among the technologies, wind accounted for 46 contracts with a 47.9% share, followed by solar with 33 contracts and a 34.4% share and thermal with 11 contracts and an 11.5% share.

Generation equipment contracts in March 2021: Top issuers by capacity

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

  1. Canacol Energy, Celsia (Colombia) and Proelectrica & CIA (Spain): 200MW from one contract
  2. Integrum Energy Infrastructure Pvt (India): 96MW from one contract
  3. Tokyo Steel: 6.4MW capacity from one contract.

Generation equipment contracts in March 2021: Top winners by capacity

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

  1. Wartsila (Finland): 200MW from one contract
  2. Inox Wind (India): 96MW from one contract
  3. Toshiba Energy Systems and Solutions (Japan) and Toshiba Plant Systems & Services (Japan): 6.4MW 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.