Power plant contracts up 82% in April 2020

19 May 2020 (Last Updated May 19th, 2020 15:33)

Power plant contracts up 82% in April 2020

Power plant contracts in April 2020 saw 242 contracts announced, marking a rise of 82% over the last 12-month average of 133, according to GlobalData’s power industry contracts database.

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

  1. Project Implementation: 219 contracts and a 90.5% share
  2. Consulting & Similar Services: 12 contracts and a 5% share
  3. Repair, Maintenance, Upgrade & Others: ten contracts and a 4.1% share
  4. Power Purchase Agreement: one contract and a 0.4% share.

Europe leads power plant activity in April 2020

Comparing contracts activity in power plant segment in different regions of the globe, Europe held the top position with 192 contracts and a share of 79.3% during April 2020, followed by Asia-Pacific with 25 contracts and a 10.3% share and North America with 15 contracts and a 6.2% share.

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Solar is leading technology for power plant contracts in April 2020

Among the technologies, solar accounted for 175 contracts with a 72.3% share, followed by wind with 54 contracts and a 22.3% share and thermal with six contracts and a 2.5% share.

Power plant contracts in April 2020: Top companies by capacity

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

  1. NHPC (India): 2,000MW from five contracts
  2. Ministere de l’Environnement, de l’Energie et de la Mer (France): 1,490.51MW from 161 contracts
  3. NTPC (India): 600MW capacity from two contracts.

Power plant contracts in April 2020: Top winners by capacity

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

  1. SB Energy (Japan): 600MW from one contract
  2. M. A. Mortenson (United States): 548.2MW from two contracts
  3. Axis Energy Ventures India Pvt (India) and Wartsila (Finland): 400MW 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.