Generation equipment contracts up 10% in Q4 2019

23 February 2020 (Last Updated February 18th, 2020 06:31)

Generation equipment contracts up 10% in Q4 2019

Generation equipment contracts in Q4 2019 saw 254 contracts announced, marking a rise of 10% over the last four-quarter average of 230, 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: 201 contracts and a 79.1% share
  2. Repair, Maintenance, Upgrade & Others: 32 contracts and a 12.6% share
  3. Project Implementation: 19 contracts and a 7.5% share
  4. Consulting & Similar Services: two contracts and a 0.8% share.

Europe leads generation equipment activity in Q4 2019

Comparing contracts activity in generation equipment segment in different regions of the globe, Europe held the top position with 97 contracts and a share of 38.2% during Q4 2019, followed by Asia-Pacific with 81 contracts and a 31.9% share and North America with 41 contracts and a 16.1% share.

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Wind is leading technology for generation equipment contracts in Q4 2019

Among the technologies, wind accounted for 96 contracts with a 37.9% share, followed by solar with 67 contracts and a 26.5% share and thermal with 61 contracts and a 24.1% share.

Generation equipment contracts in Q4 2019: Top companies by capacity

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

  1. K-Electric (Pakistan): 900MW from one contract
  2. Edison (Italy): 760MW from one contract
  3. China Huaneng Group (China): 715MW capacity from one contract.

Generation equipment contracts in Q4 2019: Top winners by capacity

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

  1. Siemens (Germany): 1,150MW from two contracts
  2. Harbin Electric (China): 900MW from one contract
  3. Ansaldo Energia (Italy): 760MW 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.