Power plant contracts down 18% in Q1 2020

24 April 2020 (Last Updated April 24th, 2020 14:15)

Power plant contracts down 18% in Q1 2020

Power plant contracts in Q1 2020 saw 343 contracts announced, marking a drop of 18% over the last four-quarter average of 418, according to GlobalData’s power industry contracts database.

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The proportion of contracts by category tracked by GlobalData in the quarter was as follows:

  1. Project Implementation: 278 contracts and an 81% share
  2. Consulting & Similar Services: 38 contracts and an 11.1% share
  3. Repair, Maintenance, Upgrade & Others: 18 contracts and a 5.2% share
  4. Power Purchase Agreement: nine contracts and a 2.6% share.

Europe leads power plant activity in Q1 2020

Comparing contracts activity in power plant segment in different regions of the globe, Europe held the top position with 131 contracts and a share of 38.2% during Q1 2020, followed by Asia-Pacific with 91 contracts and a 26.5% share and North America with 62 contracts and an 18.1% share.

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Solar is leading technology for power plant contracts in Q1 2020

Among the technologies, solar accounted for 199 contracts with a 57.2% share, followed by wind with 65 contracts and an 18.7% share and thermal with 38 contracts and a 10.9% share.

Power plant contracts in Q1 2020: Top companies by capacity

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

  1. Emirates Water and Electricity (United Arab Emirates): 4,800MW from two contracts
  2. Solar Energy Corporation of India (India): 2,400MW from six contracts
  3. JERA (Japan): 1,950MW capacity from one contract.

Power plant contracts in Q1 2020: Top winners by capacity

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

  1. Gemma Power Systems L (United States): 2,655MW from three contracts
  2. China Gezhouba Group International Engineering (China): 2,550MW from four contracts
  3. Marubeni (Japan) and Samsung C&T (South Korea): 2,400MW 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.