Global power industry contracts in March 2020: Wind technology down 4%

16 April 2020 (Last Updated April 16th, 2020 13:08)

Global power industry contracts in March 2020: Wind technology down 4%

Wind technology contracts activity in March 2020 saw 76 contracts announced, marking a drop of 4% over the last 12-month average of 79, according to GlobalData’s power industry contracts database.

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Onshore was the top category in wind technology in terms of number of contracts for the month, accounting for 51 contracts and a 66.2% share, followed by Offshore with 26 contracts and a 33.8% share.


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Looking at global power contracts activity divided by the type of technology, wind held the second position in terms of number of contracts during March 2020 with a 31.1% share.

The proportion of contracts by category in the Wind technology tracked by GlobalData in the month was as follows:

  1. Supply & Erection: 42 contracts and a 55.3% share
  2. Consulting & Similar Services: 11 contracts and a 14.5% share
  3. Project Implementation: 11 contracts and a 14.5% share
  4. Power Purchase Agreement: nine contracts and an 11.8% share
  5. Repair, Maintenance, Upgrade & Others: three contracts and a 3.9% share.

Europe leads wind contracts activity in March 2020

Comparing contracts activity in wind technology in different regions of the globe, Europe held the top position with 35 contracts and a share of 46.1% during March 2020, followed by Asia-Pacific with 30 contracts and a 39.5% share and North America with eight contracts and a 10.5% share.

In fourth place was South and Central America with two contracts and a 2.6% share and in fifth place was Middle East and Africa with one contract and a 1.3% share.

Wind technology contracts in March 2020: Top companies by capacity

The top issuers of contracts in Wind technology for the month in terms of power capacity involved were:

  1. Philippines Department of Energy (Philippines): 1,100MW from two contracts
  2. CleanCo Queensland: 400MW from one contract
  3. New York State Energy Research & Development Authority (United States): 187.4MW capacity from three contracts.

Wind technology contracts in March 2020: Top winners by capacity

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

  1. Triconti ECC Renewables (Philippines): 1,100MW from two contracts
  2. Acciona (Spain): 400MW from one contract
  3. RATCH-Australia (Australia): 179.99MW capacity from two contracts.

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.