Power plant contracts up 17% in Q2 2020

26 August 2020 (Last Updated August 26th, 2020 14:18)

Power plant contracts up 17% in Q2 2020

Power plant contracts in Q2 2020 saw 477 contracts announced, marking a rise of 17% over the last four-quarter average of 407, 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: 406 contracts and an 85.1% share
  2. Consulting & Similar Services: 47 contracts and a 9.9% share
  3. Repair, Maintenance, Upgrade & Others: 20 contracts and a 4.2% share
  4. Power Purchase Agreement: four contracts and a 0.8% share.

Europe leads power plant activity in Q2 2020

Comparing contracts activity in power plant segment in different regions of the globe, Europe held the top position with 294 contracts and a share of 61.6% during Q2 2020, followed by Asia-Pacific with 98 contracts and a 20.5% share and North America with 56 contracts and an 11.7% share.

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Solar is leading technology for power plant contracts in Q2 2020

Among the technologies, solar accounted for 320 contracts with a 66.7% share, followed by wind with 91 contracts and a 19% share and thermal with 26 contracts and a 5.4% share.

Power plant contracts in Q2 2020: Top issuers by capacity

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

  1. Solar Energy Corporation of India (India): 10,400MW from nine contracts
  2. NHPC (India): 2,000MW from five contracts
  3. Ministry of Energy of the Republic of Uzbekistan (Uzbekistan): 1,740MW capacity from two contracts.

Power plant contracts in Q2 2020: Top winners by capacity

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

  1. Adani Green Energy (India): 8,000MW from one contract
  2. China Gezhouba Group (China): 1,715MW from five contracts
  3. Altmax Holding (Cyprus): 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.