Generation equipment contracts down 14% in Q2 2019

14 August 2019 (Last Updated August 14th, 2019 09:55)

Generation equipment contracts down 14% in Q2 2019

Generation equipment contracts in Q2 2019 saw 214 contracts announced, marking a drop of 14% over the last four-quarter average of 248, according to GlobalData's power industry contracts database.

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

  1. Supply & Erection: 174 contracts and an 81.3% share
  2. Repair, Maintenance, Upgrade & Others: 31 contracts and a 14.5% share
  3. Project Implementation: eight contracts and a 3.7% share
  4. Consulting & Similar Services: one contract and a 0.5% share.

Europe leads generation equipment activity in Q2 2019

Comparing contracts activity in generation equipment segment in different regions of the globe, Europe held the top position with 84 contracts and a share of 39.3% during Q2 2019, followed by Asia-Pacific with 52 contracts and a 24.3% share and North America with 44 contracts and a 20.6% share.

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Wind is leading technology for generation equipment contracts in Q2 2019

Among the technologies, wind accounted for 89 contracts with a 41.4% share, followed by thermal with 47 contracts and a 21.9% share and solar with 43 contracts and a 20% share.

Generation equipment contracts in Q2 2019: Top companies by capacity

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

  1. SJVN Thermal Private (India): 1,320MW from one contract
  2. UTE GNA I Geracao de Energia (Brazil): 1,300MW from one contract
  3. Sprng Energy Pvt (India): 250MW capacity from one contract.

Generation equipment contracts in Q2 2019: Top winners by capacity

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

  1. Larsen & Toubro (Oman): 1,320MW from one contract
  2. Andrade Gutierrez (Brazil) and Siemens (Germany): 1,300MW from one contract
  3. Siemens Gamesa Renewable Energy (Spain): 250MW 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.