Smart grid contracts up 31% in June 2020

29 July 2020 (Last Updated August 3rd, 2020 15:02)

Smart grid contracts up 31% in June 2020

Smart grid contracts in June 2020 saw 21 contracts announced, marking a rise of 31% over the last 12-month average of 16, 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: 20 contracts and a 95.2% share
  2. Project Implementation: one contract and a 4.8% share.

Europe leads smart grid activity in June 2020

Comparing contracts activity in smart grid segment in different regions of the globe, Europe held the top position with 11 contracts and a share of 52.4% during June 2020, followed by North America with six contracts and a 28.6% share and Asia-Pacific with four contracts and a 19% share.

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Wind is leading technology for smart grid contracts in June 2020

Among the technologies, wind accounted for seven contracts with a 77.8% share, followed by hydro with one contract and an 11.1% share and solar with one contract and an 11.1% 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.