Smart grid contracts up 12% in Q2 2020

10 August 2020 (Last Updated August 21st, 2020 07:52)

Smart grid contracts up 12% in Q2 2020

Smart grid contracts in Q2 2020 saw 55 contracts announced, marking a rise of 12% over the last four-quarter average of 49, 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: 48 contracts and an 87.3% share
  2. Project Implementation: five contracts and a 9.1% share
  3. Repair, Maintenance, Upgrade & Others: one contract and a 1.8% share
  4. Consulting & Similar Services: one contract and a 1.8% share.

North America leads smart grid activity in Q2 2020

Comparing contracts activity in smart grid segment in different regions of the globe, North America held the top position with 22 contracts and a share of 40% during Q2 2020, followed by Europe with 21 contracts and a 38.2% share and Asia-Pacific with ten contracts and an 18.2% share.

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Wind is leading technology for smart grid contracts in Q2 2020

Among the technologies, wind accounted for 11 contracts with a 50% share, followed by solar with eight contracts and a 36.4% share and hydro with two contracts and a 9.1% share.

Smart grid contracts in Q2 2020: Top issuers by capacity

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

  1. Naval Submarine Base New London: 10.75MW from one contract
  2. Cambridgeshire County Council (United Kingdom): 2.5MW from one contract
  3. Cubic: 0.96MW capacity from one contract.

Smart grid contracts in Q2 2020: Top winners by capacity

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

  1. Noresco (United States): 10.75MW from one contract
  2. Bouygues Energies & Services UK (United Kingdom): 2.5MW from one contract
  3. EDF Renewables North America (United States): 0.96MW 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.