T&D equipment contracts up 92% in Q2 2020

T&D equipment contracts in Q2 2020 saw 152 contracts announced, marking a rise of 92% over the last four-quarter average of 79, according to GlobalData’s power industry contracts database.

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

1. Supply & Erection: 135 contracts and an 88.8% share
2. Project Implementation: ten contracts and a 6.6% share
3. Repair, Maintenance, Upgrade & Others: six contracts and a 3.9% share
4. Consulting & Similar Services: one contract and a 0.7% share.

Europe leads T&D equipment activity in Q2 2020

Comparing contracts activity in T&D equipment segment in different regions of the globe, Europe held the top position with 102 contracts and a share of 67.1% during Q2 2020, followed by North America with 33 contracts and a 21.7% share and Asia-Pacific with nine contracts and a 5.9% share.

Wind is leading technology for T&D equipment contracts in Q2 2020

Among the technologies, wind accounted for 15 contracts with a 53.6% share, followed by solar with six contracts and a 21.4% share and hydro with five contracts and a 17.9% share.

T&D equipment contracts in Q2 2020: Top issuer by capacity

The top issuer of T&D equipment contracts for the quarter in terms of power capacity involved was:Akita Offshore Wind Farm (Japan) with 140MW from one contract.

T&D equipment contracts in Q2 2020: Top winners by capacity

The top winner of contracts for the quarter in terms of power capacity involved was:Kajima (Japan) and Sumitomo Electric Industries (Japan) with 140MW 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.