Generation equipment contracts down 6% in May 2020

29 June 2020 (Last Updated June 29th, 2020 15:14)

Generation equipment contracts down 6% in May 2020

Generation equipment contracts in May 2020 saw 74 contracts announced, marking a drop of 6% over the last 12-month average of 79, 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: 60 contracts and an 81.1% share
  2. Repair, Maintenance, Upgrade & Others: eight contracts and a 10.8% share
  3. Project Implementation: four contracts and a 5.4% share
  4. Consulting & Similar Services: two contracts and a 2.7% share.

Europe leads generation equipment activity in May 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 43.2% during May 2020, followed by Asia-Pacific with 18 contracts and a 24.3% share and North America with 14 contracts and an 18.9% share.

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Wind is leading technology for generation equipment contracts in May 2020

Among the technologies, wind accounted for 27 contracts with a 37% share, followed by thermal with 24 contracts and a 32.9% share and solar with 14 contracts and a 19.2% share.

Generation equipment contracts in May 2020: Top companies by capacity

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

  1. Primesouth Lebanon s.a.l.: 640MW from one contract
  2. Continuum Power Trading (TN) Pvt (India): 250MW from one contract
  3. Swb Erzeugun (Germany): 105MW capacity from one contract.

Generation equipment contracts in May 2020: Top winners by capacity

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

  1. China CAMC Engineering (China): 640MW from one contract
  2. Inox Wind (India): 250MW from one contract
  3. Uniper (Germany) and Wartsila (Finland): 105MW 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.