Smart grid contracts down 8% in Q3 2019

17 November 2019 (Last Updated November 20th, 2019 08:48)

Smart grid contracts down 8% in Q3 2019

Smart grid contracts in Q3 2019 saw 24 contracts announced, marking a drop of 8% over the last four-quarter average of 26, 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: 22 contracts and a 91.7% share
  2. Project Implementation: one contract and a 4.2% share
  3. Repair, Maintenance, Upgrade & Others: one contract and a 4.2% share.

Europe leads smart grid activity in Q3 2019

Comparing contracts activity in smart grid segment in different regions of the globe, Europe held the top position with nine contracts and a share of 37.5% during Q3 2019, followed by North America with eight contracts and a 33.3% share and Asia-Pacific with six contracts and a 25% share.

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Solar is leading technology for smart grid contracts in Q3 2019

Among the technologies, solar accounted for five contracts with a 62.5% share, followed by wind with two contracts and a 25% share and thermal with one contract and a 12.5% share.

Smart grid contracts in Q3 2019: Top companies by capacity

The top issuer of smart grid contracts for the quarter in terms of power capacity involved was:University of Massachusetts (United States) with 1MW from one contract.

Smart grid contracts in Q3 2019: Top winners by capacity

The top winner of contracts for the quarter in terms of power capacity involved was:Enel X North America (United States) with 1MW 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.