Generation equipment contracts up 24% in Q3 2020

28 October 2020 (Last Updated October 28th, 2020 02:36)

Generation equipment contracts up 24% in Q3 2020

Generation equipment contracts in Q3 2020 saw 328 contracts announced, marking a rise of 24% over the last four-quarter average of 265, 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: 262 contracts and a 79.9% share
  2. Repair, Maintenance, Upgrade & Others: 42 contracts and a 12.8% share
  3. Project Implementation: 20 contracts and a 6.1% share
  4. Consulting & Similar Services: four contracts and a 1.2% share.

Europe leads generation equipment activity in Q3 2020

Comparing contracts activity in generation equipment segment in different regions of the globe, Europe held the top position with 124 contracts and a share of 37.8% during Q3 2020, followed by Asia-Pacific with 96 contracts and a 29.3% share and North America with 63 contracts and a 19.2% share.

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Wind is leading technology for generation equipment contracts in Q3 2020

Among the technologies, wind accounted for 134 contracts with a 40.6% share, followed by thermal with 77 contracts and a 23.3% share and solar with 75 contracts and a 22.7% share.

Generation equipment contracts in Q3 2020: Top issuers by capacity

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

  1. Taiwan Power (Taiwan): 6,500MW from one contract
  2. Hin Kong Power (Thailand): 1,400MW from one contract
  3. Gmina Puchaczow: 892MW capacity from one contract.

Generation equipment contracts in Q3 2020: Top winners by capacity

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

  1. General Electric International (United States): 6,709MW from two contracts
  2. CTCI (Taiwan): 6,500MW from one contract
  3. Mitsubishi Power (Japan): 1,400MW 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.