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

18 April 2020 (Last Updated April 15th, 2020 15:06)

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

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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.


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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 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.