Generation equipment contracts down 14% in November 2020

16 December 2020 (Last Updated December 16th, 2020 03:38)

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.

  • Embed this chart

    Embed this chart into your website

    Copy and paste the code below into your website to display the chart.

The proportion of contracts by category tracked by GlobalData in the month was as follows:

  1. Supply & Erection: 75 contracts and an 85.2% share
  2. Repair, Maintenance, Upgrade & Others: seven contracts and an 8% share
  3. Project Implementation: five contracts and a 5.7% share
  4. 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.

  • Embed this chart

    Embed this chart into your website

    Copy and paste the code below into your website to display the chart.

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:

  1. Korea Western Power (South Korea): 728MW from one contract
  2. Global Power Generation (Spain): 109.2MW from one contract
  3. 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:

  1. Doosan Heavy Industries & Construction (South Korea): 728MW from one contract
  2. Vestas Asia Pacific Wind Technology Pte. (Singapore): 109.2MW from one contract
  3. 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.