Generation equipment contracts down 31% in October 2019

25 November 2019 (Last Updated November 25th, 2019 06:48)

Generation equipment contracts down 31% in October 2019

Generation equipment contracts in October 2019 saw 52 contracts announced, marking a drop of 31% 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: 35 contracts and a 67.3% share
  2. Repair, Maintenance, Upgrade & Others: 11 contracts and a 21.2% share
  3. Project Implementation: six contracts and an 11.5% share.

Europe leads generation equipment activity in October 2019

Comparing contracts activity in generation equipment segment in different regions of the globe, Europe held the top position with 20 contracts and a share of 38.5% during October 2019, followed by Asia-Pacific with 15 contracts and a 28.8% share and Middle East and Africa with eight contracts and a 15.4% share.

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Thermal is leading technology for generation equipment contracts in October 2019

Among the technologies, thermal accounted for 17 contracts with a 32.7% share, followed by wind with 16 contracts and a 30.8% share and solar with 13 contracts and a 25% share.

Generation equipment contracts in October 2019: Top companies by capacity

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

  1. K-Electric (Pakistan): 900MW from one contract
  2. PJSC Kazanorgsintez: 250MW from one contract
  3. Lekela Power (South Africa): 249.6MW capacity from one contract.

Generation equipment contracts in October 2019: Top winners by capacity

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

  1. Siemens (Germany): 1,150MW from two contracts
  2. Harbin Electric (China): 900MW from one contract
  3. Siemens Gamesa Renewable Energy (Spain): 249.6MW 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.