Power plant contracts down 40% in January 2020

25 February 2020 (Last Updated February 25th, 2020 06:43)

Power plant contracts down 40% in January 2020

Power plant contracts in January 2020 saw 81 contracts announced, marking a drop of 40% over the last 12-month average of 135, 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 65.4% share
  2. Repair, Maintenance, Upgrade & Others: 11 contracts and a 13.6% share
  3. Consulting & Similar Services: 11 contracts and a 13.6% share
  4. Power Purchase Agreement: six contracts and a 7.4% share.

Asia-Pacific leads power plant activity in January 2020

Comparing contracts activity in power plant segment in different regions of the globe, Asia-Pacific held the top position with 25 contracts and a share of 30.9% during January 2020, followed by Europe with 25 contracts and a 30.9% share and Middle East and Africa with 13 contracts and a 16% share.

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Solar is leading technology for power plant contracts in January 2020

Among the technologies, solar accounted for 42 contracts with a 51.2% share, followed by thermal with 12 contracts and a 14.6% share and wind with 12 contracts and a 14.6% share.

Power plant contracts in January 2020: Top companies by capacity

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

  1. Hyunson Engineering & Construction: 1,300MW from one contract
  2. Harrison Power (United States): 1,085MW from one contract
  3. Peacock Investment: 500MW capacity from one contract.

Power plant contracts in January 2020: Top winners by capacity

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

  1. Hyundai Engineering & Construction (South Korea), Hyundai Engineering (South Korea) and Posco International (South Korea): 1,300MW from one contract
  2. Gemma Power Systems (United States): 1,085MW from one contract
  3. China Gezhouba Group International Engineering (China): 1,000MW 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.