Power plant contracts down 8% in Q3 2020

28 October 2020 (Last Updated October 28th, 2020 02:36)

Power plant contracts down 8% in Q3 2020

Power plant contracts in Q3 2020 saw 424 contracts announced, marking a drop of 8% over the last four-quarter average of 462, 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: 332 contracts and a 78.3% share
  2. Consulting & Similar Services: 55 contracts and a 13% share
  3. Repair, Maintenance, Upgrade & Others: 20 contracts and a 4.7% share
  4. Power Purchase Agreement: 17 contracts and a 4% share.

Europe leads power plant activity in Q3 2020

Comparing contracts activity in power plant segment in different regions of the globe, Europe held the top position with 231 contracts and a share of 54.5% during Q3 2020, followed by Asia-Pacific with 114 contracts and a 26.9% share and North America with 43 contracts and a 10.1% share.

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Solar is leading technology for power plant contracts in Q3 2020

Among the technologies, solar accounted for 253 contracts with a 59% share, followed by wind with 100 contracts and a 23.3% share and thermal with 31 contracts and a 7.2% share.

Power plant contracts in Q3 2020: Top issuers by capacity

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

  1. Taiwan Power (Taiwan): 6,500MW from one contract
  2. Solar Energy Corporation of India (India): 4,981.95MW from five contracts
  3. Binh Thuan People’s Committee: 3,500MW capacity from one contract.

Power plant contracts in Q3 2020: Top winners by capacity

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

  1. General Electric International (United States): 6,709MW from two contracts
  2. CTCI (Taiwan): 6,500MW from one contract
  3. Azure Power (India) and Northwest Electric Power Design Institute (China): 4,000MW 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.