Global power industry contracts in May 2020: Wind technology down 34%

26 June 2020 (Last Updated June 26th, 2020 13:45)
Global power industry contracts in May 2020: Wind technology down 34%

Wind technology contracts activity in May 2020 saw 57 contracts announced, marking a drop of 34% over the last 12-month average of 87, 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 41 contracts and a 70.7% share, followed by Offshore with 17 contracts and a 29.3% 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 May 2020 with a 28.1% share.

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

  1. Supply & Erection: 24 contracts and a 42.1% share
  2. Consulting & Similar Services: 11 contracts and a 19.3% share
  3. Power Purchase Agreement: nine contracts and a 15.8% share
  4. Project Implementation: eight contracts and a 14% share
  5. Repair, Maintenance, Upgrade & Others: three contracts and a 5.3% share
  6. Electricity Supply: two contracts and a 3.5% share.

Europe leads wind contracts activity in May 2020

Comparing contracts activity in wind technology in different regions of the globe, Europe held the top position with 23 contracts and a share of 40.4% during May 2020, followed by Asia-Pacific with 18 contracts and a 31.6% share and North America with ten contracts and a 17.5% share.

In fourth place was South and Central America with five contracts and an 8.8% share and in fifth place was Middle East and Africa with one contract and a 1.8% share.

Wind technology contracts in May 2020: Top companies by capacity

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

  1. Solar Energy Corporation of India (India): 400MW from one contract
  2. Continuum Power Trading (TN) Pvt (India): 250MW from one contract
  3. Tenaska Clear Creek Wind L (United States): 242MW capacity from one contract.

Wind technology contracts in May 2020: Top winners by capacity

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

  1. Renew Solar Power Pvt (India): 400MW from one contract
  2. Inox Wind (India): 250MW from one contract
  3. M. A. Mortenson (United States): 242MW 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.