Smart grid contracts up 41% in July 2020

21 August 2020 (Last Updated August 21st, 2020 05:09)

Smart grid contracts up 41% in July 2020

Smart grid contracts in July 2020 saw 24 contracts announced, marking a rise of 41% over the last 12-month average of 17, 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: 23 contracts and a 95.8% share
  2. Project Implementation: one contract and a 4.2% share.

Europe leads smart grid activity in July 2020

Comparing contracts activity in smart grid segment in different regions of the globe, Europe held the top position with 16 contracts and a share of 66.7% during July 2020, followed by Asia-Pacific with four contracts and a 16.7% share and Middle East and Africa with three contracts and a 12.5% share.

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Wind is leading technology for smart grid contracts in July 2020

Among the technologies, wind accounted for three contracts with a 50% share, followed by hydro with two contracts and a 33.3% share and solar with one contract and a 16.7% 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.