South and Central America generation equipment contracts activity up 61% in Q3 2020

29 October 2020 (Last Updated October 29th, 2020 03:21)

South and Central America generation equipment contracts activity up 61% in Q3 2020

There were 29 generation equipment contracts announced in the South and Central America region in Q3 2020, marking a rise of 61% over the last 12-month average of 18, according to GlobalData’s power industry contracts database.

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Generation Equipment stood at first place when compared with other power tender categories in the South and Central America region in Q3 2020 with 29 contracts and a 45.3% share, followed by Electricity Procurement with 13 contracts and a 20.3% share and Power Plant with 12 contracts and an 18.8% share during the quarter.

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

  1. Supply & Erection: 24 contracts and an 82.8% share
  2. Repair, Maintenance, Upgrade & Others: three contracts and a 10.3% share
  3. Project Implementation: two contracts and a 6.9% share.

Solar is top technology for South and Central America generation equipment contracts in Q3 2020

Looking at generation equipment contracts by the type of technology in the South and Central America region, solar accounted for 12 contracts with a 41.4% share, followed by wind with nine contracts and a 31% share and thermal with three contracts and a 10.3% share.

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South and Central America generation equipment contracts in Q3 2020: Top issuers by capacity

The top issuer of generation equipment contracts for the quarter in terms of power capacity involved in South and Central America was:Ferrenergy SAC with 0.96MW from one contract.

South and Central America generation equipment contracts in Q3 2020: Top winners by capacity

The top winners of contracts for the quarter in terms of power capacity involved in South and Central America were:

  1. WEG (Brazil): 31.12MW from one contract
  2. Caterpillar (United States): 0.96MW 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.