Smart grid contracts up 53% in October 2020

24 November 2020 (Last Updated November 24th, 2020 04:14)

Smart grid contracts up 53% in October 2020

Smart grid contracts in October 2020 saw 29 contracts announced, marking a rise of 53% over the last 12-month average of 19, 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: 24 contracts and an 82.8% share
  2. Project Implementation: four contracts and a 13.8% share
  3. Repair, Maintenance, Upgrade & Others: one contract and a 3.4% share.

Europe leads smart grid activity in October 2020

Comparing contracts activity in smart grid segment in different regions of the globe, Europe held the top position with 25 contracts and a share of 86.2% during October 2020, followed by Asia-Pacific with three contracts and a 10.3% share and South and Central America with one contract and a 3.4% share.

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Wind is leading technology for smart grid contracts in October 2020

Among the technologies, wind accounted for one contract with a 100% 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.