Power plant contracts down 35% in July 2020

18 August 2020 (Last Updated August 18th, 2020 05:38)
Power plant contracts down 35% in July 2020

Power plant contracts in July 2020 saw 97 contracts announced, marking a drop of 35% over the last 12-month average of 150, 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: 63 contracts and a 64.9% share
  2. Consulting & Similar Services: 21 contracts and a 21.6% share
  3. Repair, Maintenance, Upgrade & Others: seven contracts and a 7.2% share
  4. Power Purchase Agreement: six contracts and a 6.2% share.

Asia-Pacific leads power plant activity in July 2020

Comparing contracts activity in power plant segment in different regions of the globe, Asia-Pacific held the top position with 36 contracts and a share of 37.1% during July 2020, followed by Europe with 34 contracts and a 35.1% share and North America with 14 contracts and a 14.4% share.

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Solar is leading technology for power plant contracts in July 2020

Among the technologies, solar accounted for 48 contracts with a 49.5% share, followed by wind with 27 contracts and a 27.8% share and hydro with nine contracts and a 9.3% share.

Power plant contracts in July 2020: Top issuers by capacity

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

  1. Solar Energy Corporation of India (India): 4,001.95MW from two contracts
  2. Binh Thuan People’s Committee: 3,500MW from one contract
  3. Emirates Water and Electricity (United Arab Emirates): 2,000MW capacity from one contract.

Power plant contracts in July 2020: Top winners by capacity

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

  1. Azure Power (India): 4,000MW from one contract
  2. Copenhagen Infrastructure Partners KS (Denmark): 3,500MW from one contract
  3. EDF Renewables (France), Abu Dhabi Future Energy (United Arab Emirates), Abu Dhabi National Energy (United Arab Emirates) and Jinko Power Technology (China): 2,000MW 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.