Power plant contracts down 36% in November 2019

20 December 2019 (Last Updated December 20th, 2019 06:54)

Power plant contracts down 36% in November 2019

Power plant contracts in November 2019 saw 87 contracts announced, marking a drop of 36% over the last 12-month average of 137, 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: 62 contracts and a 71.3% share
  2. Repair, Maintenance, Upgrade & Others: ten contracts and an 11.5% share
  3. Consulting & Similar Services: ten contracts and an 11.5% share
  4. Power Purchase Agreement: five contracts and a 5.7% share.

Asia-Pacific leads power plant activity in November 2019

Comparing contracts activity in power plant segment in different regions of the globe, Asia-Pacific held the top position with 37 contracts and a share of 42.5% during November 2019, followed by North America with 16 contracts and an 18.4% share and Europe with 13 contracts and a 14.9% share.

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Solar is leading technology for power plant contracts in November 2019

Among the technologies, solar accounted for 32 contracts with a 36.4% share, followed by wind with 29 contracts and a 33% share and thermal with 13 contracts and a 14.8% share.

Power plant contracts in November 2019: Top companies by capacity

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

  1. Government of Vietnam (Vietnam): 2,200MW from one contract
  2. Dubai Electricity and Water Authority (United Arab Emirates): 900MW from one contract
  3. Edison (Italy): 760MW capacity from one contract.

Power plant contracts in November 2019: Top winners by capacity

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

  1. The AES (United States): 2,200MW from one contract
  2. Zhejiang Electric Power Construction (China), ZheJiang Electric Power Design Institute (China) and Zhejiang Thermal Power Construction (China): 1,320MW from one contract
  3. China Gezhouba Group International Engineering (China): 1,150MW capacity from three contracts.

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.