Global power industry contracts in Q3 2020: Biopower technology down 11%

21 October 2020 (Last Updated October 21st, 2020 04:42)

Global power industry contracts in Q3 2020: Biopower technology down 11%

Biopower technology contracts activity in Q3 2020 saw 25 contracts announced, marking a drop of 11% over the last four-quarter average of 28, according to GlobalData’s power industry contracts database.

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Looking at global power contracts activity divided by the type of technology, biopower held the fifth position in terms of number of contracts during Q3 2020 with a 2.6% share.

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

  1. Supply & Erection: ten contracts and a 40% share
  2. Project Implementation: eight contracts and a 32% share
  3. Repair, Maintenance, Upgrade & Others: three contracts and a 12% share
  4. Power Purchase Agreement: three contracts and a 12% share
  5. Consulting & Similar Services: one contract and a 4% share.

Asia-Pacific leads biopower contracts activity in Q3 2020

Comparing contracts activity in biopower technology in different regions of the globe, Asia-Pacific held the top position with 16 contracts and a share of 64% during Q3 2020, followed by Europe with six contracts and a 24% share and South and Central America with two contracts and an 8% share.

In fourth place was North America with one contract and a 4% share.

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Biopower technology contracts in Q3 2020: Top issuers by capacity

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

  1. Ichihara Yawatafuto Biomass Power Godo Kaisha: 75MW from one contract
  2. SmartestEnergy (United Kingdom): 42MW from one contract
  3. TTC Group: 20MW capacity from one contract.

Biopower technology contracts in Q3 2020: Top winners by capacity

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

  1. Toyo Engineering (Japan): 75MW from one contract
  2. Green Investment Group (United Kingdom), Biffa (United Kingdom) and Covanta Holding (United States): 42MW from one contract
  3. China Gezhouba Group (China): 20MW 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.