Power plant contracts down 62% in November 2020

16 December 2020 (Last Updated December 16th, 2020 03:37)

Power plant contracts down 62% in November 2020
Oil and gas companies are making moves into the UK energy market.

Power plant contracts in November 2020 saw 56 contracts announced, marking a drop of 62% over the last 12-month average of 146, 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: 37 contracts and a 66.1% share
  2. Power Purchase Agreement: eight contracts and a 14.3% share
  3. Consulting & Similar Services: six contracts and a 10.7% share
  4. Repair, Maintenance, Upgrade & Others: five contracts and an 8.9% share.

Asia-Pacific leads power plant activity in November 2020

Comparing contracts activity in power plant segment in different regions of the globe, Asia-Pacific held the top position with 24 contracts and a share of 42.9% during November 2020, followed by Europe with 13 contracts and a 23.2% share and North America with 11 contracts and a 19.6% share.

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Solar is leading technology for power plant contracts in November 2020

Among the technologies, solar accounted for 32 contracts with a 54.2% share, followed by wind with 14 contracts and a 23.7% share and thermal with four contracts and a 6.8% share.

Power plant contracts in November 2020: Top issuers by capacity

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

  1. Korea Western Power (South Korea): 728MW from one contract
  2. Trading Construction Works Organization: 350MW from one contract
  3. The Red Sea Development: 210MW capacity from one contract.

Power plant contracts in November 2020: Top winners by capacity

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

  1. Doosan Heavy Industries & Construction (South Korea): 728MW from one contract
  2. SEPCO Electric Power Construction (China): 450MW from one contract
  3. China Gezhouba Group (China): 350MW 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.