Power plant contracts down 26% in March 2020

21 April 2020 (Last Updated April 21st, 2020 13:19)

Power plant contracts down 26% in March 2020

Power plant contracts in March 2020 saw 104 contracts announced, marking a drop of 26% over the last 12-month average of 140, 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: 83 contracts and a 79.8% share
  2. Consulting & Similar Services: 16 contracts and a 15.4% share
  3. Power Purchase Agreement: three contracts and a 2.9% share
  4. Repair, Maintenance, Upgrade & Others: two contracts and a 1.9% share.

Asia-Pacific leads power plant activity in March 2020

Comparing contracts activity in power plant segment in different regions of the globe, Asia-Pacific held the top position with 34 contracts and a share of 32.7% during March 2020, followed by North America with 34 contracts and a 32.7% share and Europe with 17 contracts and a 16.3% share.

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Solar is leading technology for power plant contracts in March 2020

Among the technologies, solar accounted for 55 contracts with a 52.9% share, followed by wind with 20 contracts and a 19.2% share and thermal with 13 contracts and a 12.5% share.

Power plant contracts in March 2020: Top companies by capacity

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

  1. JERA (Japan): 1,950MW from one contract
  2. Ministry of Energy of the Republic of Uzbekistan (Uzbekistan): 1,500MW from one contract
  3. New York State Energy Research & Development Authority (United States): 1,277.29MW capacity from 20 contracts.

Power plant contracts in March 2020: Top winners by capacity

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

  1. Mitsubishi Electric (Japan) and Mitsubishi Hitachi Power Systems (Japan): 1,950MW from one contract
  2. Gemma Power Systems L (United States): 1,570MW from two contracts
  3. ACWA Power International (Saudi Arabia): 1,500MW 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.