Global power industry contracts in Q4 2020: Wind technology down 16%

11 January 2021 (Last Updated January 11th, 2021 04:27)

Global power industry contracts in Q4 2020: Wind technology down 16%
Oil and gas companies are making moves into the UK energy market.

Wind technology contracts activity in Q4 2020 saw 258 contracts announced, marking a drop of 16% over the last four-quarter average of 308, according to GlobalData’s power industry contracts database.

  • Embed this chart

    Embed this chart into your website

    Copy and paste the code below into your website to display the chart.

Onshore was the top category in wind technology in terms of number of contracts for the quarter, accounting for 190 contracts and a 73.6% share, followed by Offshore with 64 contracts and a 24.8% share. Onshore Repowered stood in third place with four contracts and a 1.6% share.


  • Embed this chart

    Embed this chart into your website

    Copy and paste the code below into your website to display the chart.

Looking at global power contracts activity divided by the type of technology, wind held the second position in terms of number of contracts during Q4 2020 with a 32.3% share.

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

  1. Supply & Erection: 120 contracts and a 46.5% share
  2. Power Purchase Agreement: 46 contracts and a 17.8% share
  3. Project Implementation: 39 contracts and a 15.1% share
  4. Consulting & Similar Services: 38 contracts and a 14.7% share
  5. Repair, Maintenance, Upgrade & Others: nine contracts and a 3.5% share
  6. Electricity Supply: six contracts and a 2.3% share.

Europe leads wind contracts activity in Q4 2020

Comparing contracts activity in wind technology in different regions of the globe, Europe held the top position with 137 contracts and a share of 53.1% during Q4 2020, followed by Asia-Pacific with 63 contracts and a 24.4% share and North America with 40 contracts and a 15.5% share.

In fourth place was South and Central America with 16 contracts and a 6.2% share and in fifth place was Middle East and Africa with two contracts and a 0.8% share.

Wind technology contracts in Q4 2020: Top issuers by capacity

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

  1. Orsted (Denmark): 1,285MW from two contracts
  2. Amazon Web Services (United States): 1,223MW from four contracts
  3. Wind Farm L (Ukraine): 800MW capacity from one contract.

Wind technology contracts in Q4 2020: Top winners by capacity

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

  1. Doggerbank Offshore Wind Farm Project one Projco (United Kingdom) and Doggerbank Offshore Wind Farm Project two Projco (United Kingdom): 1,920MW from three contracts
  2. Power Construction Corporation of China (China): 800MW from one contract
  3. Engie (France): 569MW 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.