Smart grid contracts up 17% in August 2020

7 October 2020 (Last Updated October 7th, 2020 16:31)

Smart grid contracts up 17% in August 2020

Smart grid contracts in August 2020 saw 21 contracts announced, marking a rise of 17% over the last 12-month average of 18, 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. Supply & Erection: 18 contracts and an 85.7% share
  2. Project Implementation: two contracts and a 9.5% share
  3. Consulting & Similar Services: one contract and a 4.8% share.

Europe leads smart grid activity in August 2020

Comparing contracts activity in smart grid segment in different regions of the globe, Europe held the top position with eight contracts and a share of 38.1% during August 2020, followed by Asia-Pacific with seven contracts and a 33.3% share and North America with five contracts and a 23.8% share.

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Wind is leading technology for smart grid contracts in August 2020

Among the technologies, wind accounted for four contracts with a 44.4% share, followed by hydro with two contracts and a 22.2% share and solar with two contracts and a 22.2% share.

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.