Generation equipment contracts up 21% in Q2 2020

10 August 2020 (Last Updated August 26th, 2020 14:20)
Generation equipment contracts up 21% in Q2 2020

Generation equipment contracts in Q2 2020 saw 292 contracts announced, marking a rise of 21% over the last four-quarter average of 241, 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: 244 contracts and an 83.6% share
  2. Repair, Maintenance, Upgrade & Others: 31 contracts and a 10.6% share
  3. Project Implementation: 12 contracts and a 4.1% share
  4. Consulting & Similar Services: five contracts and a 1.7% share.

Europe leads generation equipment activity in Q2 2020

Comparing contracts activity in generation equipment segment in different regions of the globe, Europe held the top position with 121 contracts and a share of 41.4% during Q2 2020, followed by Asia-Pacific with 94 contracts and a 32.2% share and North America with 45 contracts and a 15.4% share.

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Wind is leading technology for generation equipment contracts in Q2 2020

Among the technologies, wind accounted for 120 contracts with a 41.4% share, followed by thermal with 74 contracts and a 25.5% share and solar with 53 contracts and an 18.3% share.

Generation equipment contracts in Q2 2020: Top issuers by capacity

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

  1. Primesouth Lebanon s.a.l.: 640MW from one contract
  2. Khoramabad Power Generation (Iran): 484MW from one contract
  3. Continuum Power Trading (TN) Pvt (India): 250MW capacity from one contract.

Generation equipment contracts in Q2 2020: Top winners by capacity

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

  1. China CAMC Engineering (China): 640MW from one contract
  2. Wartsila (Finland): 505MW from two contracts
  3. MAPNA Group (Iran): 484MW 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.