Global power industry contracts in Q1 2020: Wind technology down 11%

Wind technology contracts activity in Q1 2020 saw 211 contracts announced, marking a drop of 11% over the last four-quarter average of 238, according to GlobalData’s power industry contracts database.

Onshore was the top category in wind technology in terms of number of contracts for the quarter, accounting for 153 contracts and a 72.5% share, followed by Offshore with 56 contracts and a 26.5% share. Onshore Repowered stood in third place with two contracts and a 0.9% share.

Looking at global power contracts activity divided by the type of technology, wind held the second position in terms of number of contracts during Q1 2020 with a 27.7% share.

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

1. Supply & Erection: 81 contracts and a 38.4% share
2. Project Implementation: 57 contracts and a 27% share
3. Power Purchase Agreement: 41 contracts and a 19.4% share
4. Consulting & Similar Services: 21 contracts and a 10% share
5. Repair, Maintenance, Upgrade & Others: six contracts and a 2.8% share
6. Electricity Supply: five contracts and a 2.4% share.

Europe leads wind contracts activity in Q1 2020

Comparing contracts activity in wind technology in different regions of the globe, Europe held the top position with 116 contracts and a share of 55% during Q1 2020, followed by Asia-Pacific with 53 contracts and a 25.1% share and North America with 26 contracts and a 12.3% share.

In fourth place was South and Central America with 12 contracts and a 5.7% share and in fifth place was Middle East and Africa with four contracts and a 1.9% share.

Wind technology contracts in Q1 2020: Top companies by capacity

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

1. Solar Energy Corporation of India (India): 1,200MW from two contracts
2. Philippines Department of Energy (Philippines): 1,100MW from two contracts
3. Adani Electricity Mumbai (India): 700MW capacity from one contract.

Wind technology contracts in Q1 2020: Top winners by capacity

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

1. Triconti ECC Renewables (Philippines): 1,100MW from two contracts
2. Greenko Group (India): 900MW from one contract
3. Adani Green Energy (India): 700MW 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.