Smart grid contracts up 64% in Q1 2020

8 May 2020 (Last Updated May 8th, 2020 16:05)
Smart grid contracts up 64% in Q1 2020

Smart grid contracts in Q1 2020 saw 64 contracts announced, marking a rise of 64% over the last four-quarter average of 39, according to GlobalData’s power industry contracts database.

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The proportion of contracts by category tracked by GlobalData in the quarter was as follows:

  1. Supply & Erection: 56 contracts and an 87.5% share
  2. Project Implementation: eight contracts and a 12.5% share.

Europe leads smart grid activity in Q1 2020

Comparing contracts activity in smart grid segment in different regions of the globe, Europe held the top position with 34 contracts and a share of 53.1% during Q1 2020, followed by North America with 15 contracts and a 23.4% share and Asia-Pacific with 12 contracts and an 18.8% share.

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Wind is leading technology for smart grid contracts in Q1 2020

Among the technologies, wind accounted for 12 contracts with a 44.4% share, followed by solar with nine contracts and a 33.3% share and thermal with three contracts and an 11.1% share.

Smart grid contracts in Q1 2020: Top companies by capacity

The top issuers of smart grid contracts for the quarter in terms of power capacity involved were:

  1. State Compensation Insurance Fund: 11MW from one contract
  2. Cremonini Group: 4MW from one contract
  3. Seattle City Light (United States): 0.04MW capacity from one contract.

Smart grid contracts in Q1 2020: Top winners by capacity

The top winners of contracts for the quarter in terms of power capacity involved were:

  1. ENGIE North America (United States): 11MW from one contract
  2. Enel X (Italy): 4MW from one contract
  3. WorleyParsons (Australia): 0.04MW capacity from one contract.

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.