Generation equipment contracts down 14% in November 2020
Generation equipment contracts in November 2020 saw 88 contracts announced, marking a drop of 14% over the last 12-month average of 102, 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:
- Supply & Erection: 75 contracts and an 85.2% share
- Repair, Maintenance, Upgrade & Others: seven contracts and an 8% share
- Project Implementation: five contracts and a 5.7% share
- Consulting & Similar Services: one contract and a 1.1% share.
Europe leads generation equipment activity in November 2020
Comparing contracts activity in generation equipment segment in different regions of the globe, Europe held the top position with 42 contracts and a share of 47.7% during November 2020, followed by Asia-Pacific with 25 contracts and a 28.4% share and North America with 11 contracts and a 12.5% share.
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Wind is leading technology for generation equipment contracts in November 2020
Among the technologies, wind accounted for 34 contracts with a 38.6% share, followed by solar with 26 contracts and a 29.5% share and thermal with 16 contracts and an 18.2% share.
Generation equipment contracts in November 2020: Top issuers by capacity
The top issuers of generation equipment contracts for the month in terms of power capacity involved were:
- Korea Western Power (South Korea): 728MW from one contract
- Global Power Generation (Spain): 109.2MW from one contract
- UAB Ignitis Renewables (Lithuania): 63MW capacity from one contract.
Generation equipment contracts in November 2020: Top winners by capacity
The top winners of contracts for the month in terms of power capacity involved were:
- Doosan Heavy Industries & Construction (South Korea): 728MW from one contract
- Vestas Asia Pacific Wind Technology Pte. (Singapore): 109.2MW from one contract
- Nordex (Germany): 63MW 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.