Power plant contracts down 52% in December 2020

15 January 2021 (Last Updated January 15th, 2021 07:09)

Power plant contracts down 52% in December 2020

Power plant contracts in December 2020 saw 70 contracts announced, marking a drop of 52% over the last 12-month average of 145, 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: 53 contracts and a 75.7% share
  2. Consulting & Similar Services: nine contracts and a 12.9% share
  3. Repair, Maintenance, Upgrade & Others: seven contracts and a 10% share
  4. Power Purchase Agreement: one contract and a 1.4% share.

Asia-Pacific leads power plant activity in December 2020

Comparing contracts activity in power plant segment in different regions of the globe, Asia-Pacific held the top position with 32 contracts and a share of 45.7% during December 2020, followed by Europe with 19 contracts and a 27.1% share and Middle East and Africa with eight contracts and an 11.4% share.

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Solar is leading technology for power plant contracts in December 2020

Among the technologies, solar accounted for 25 contracts with a 35.7% share, followed by thermal with 19 contracts and a 27.1% share and wind with 14 contracts and a 20% share.

Power plant contracts in December 2020: Top issuers by capacity

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

  1. Terra-Gen L (United States): 1,118MW from one contract
  2. AlDhahir Group (Jordan): 1,000MW from one contract
  3. Mapanuepe Hydropower: 500MW capacity from one contract.

Power plant contracts in December 2020: Top winners by capacity

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

  1. China Energy Engineering Group Planning and Engineering (China): 1,497.8MW from five contracts
  2. Anhui No.1 Electric Power Construction (China), Anhui No.2 Electric Power Engineering & Construction (China) and East China Electric Power Design Institute (China): 1,320MW from one contract
  3. Mortenson Construction (United States): 1,118MW 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.