Smart grid contracts up 40% in March 2020

24 April 2020 (Last Updated April 24th, 2020 14:26)

Smart grid contracts up 40% in March 2020
Oil and gas companies are making moves into the UK energy market.

Smart grid contracts in March 2020 saw 21 contracts announced, marking a rise of 40% over the last 12-month average of 15, 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: 19 contracts and a 90.5% share
  2. Project Implementation: two contracts and a 9.5% share.

Europe leads smart grid activity in March 2020

Comparing contracts activity in smart grid segment in different regions of the globe, Europe held the top position with 13 contracts and a share of 61.9% during March 2020, followed by Asia-Pacific with four contracts and a 19% share and North America with two contracts and a 9.5% share.

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Wind is leading technology for smart grid contracts in March 2020

Among the technologies, wind accounted for eight contracts with a 61.5% share, followed by solar with three contracts and a 23.1% share and thermal with one contract and a 7.7% 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.