Power plant contracts down 11% in Q3 2019

18 October 2019 (Last Updated October 18th, 2019 10:48)

Power plant contracts down 11% in Q3 2019
Oil and gas companies are making moves into the UK energy market.

Power plant contracts in Q3 2019 saw 348 contracts announced, marking a drop of 11% over the last four-quarter average of 389, 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: 302 contracts and an 86.8% share
  2. Consulting & Similar Services: 28 contracts and an 8% share
  3. Repair, Maintenance, Upgrade & Others: 13 contracts and a 3.7% share
  4. Power Purchase Agreement: five contracts and a 1.4% share.

Europe leads power plant activity in Q3 2019

Comparing contracts activity in power plant segment in different regions of the globe, Europe held the top position with 188 contracts and a share of 54% during Q3 2019, followed by Asia-Pacific with 62 contracts and a 17.8% share and South and Central America with 43 contracts and a 12.4% share.

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Solar is leading technology for power plant contracts in Q3 2019

Among the technologies, solar accounted for 231 contracts with a 66.2% share, followed by wind with 53 contracts and a 15.2% share and thermal with 32 contracts and a 9.2% share.

Power plant contracts in Q3 2019: Top companies by capacity

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

  1. JERA (Japan) and JXTG Nippon Oil & Energy (Japan): 2,340MW from one contract
  2. Ministry of Electricity, Iraq (Iraq): 1,600MW from one contract
  3. Van Phong Power: 1,320MW capacity from one contract.

Power plant contracts in Q3 2019: Top winners by capacity

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

  1. Toshiba Energy Systems & Solutions (Japan): 3,660MW from two contracts
  2. Siemens (Germany): 2,834MW from four contracts
  3. Toshiba Plant Systems & Services (Japan): 2,340MW 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.