T&D project contracts up 34% in Q1 2020
T&D project contracts in Q1 2020 saw 86 contracts announced, marking a rise of 34% over the last four-quarter average of 64, 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:
- Project Implementation: 66 contracts and a 76.7% share
- Consulting & Similar Services: 15 contracts and a 17.4% share
- Repair, Maintenance, Upgrade & Others: four contracts and a 4.7% share
- Supply & Erection: one contract and a 1.2% share.
Middle East and Africa leads T&D project activity in Q1 2020
Comparing contracts activity in T&D project segment in different regions of the globe, Middle East and Africa held the top position with 29 contracts and a share of 33.7% during Q1 2020, followed by Europe with 24 contracts and a 27.9% share and Asia-Pacific with 17 contracts and a 19.8% share.
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Wind is leading technology for T&D project contracts in Q1 2020
Among the technologies, wind accounted for 14 contracts with a 45.2% share, followed by solar with 11 contracts and a 35.5% share and thermal with four contracts and a 12.9% share.
T&D project contracts in Q1 2020: Top companies by capacity
The top issuers of T&D project contracts for the quarter in terms of power capacity involved were:
- RioZim (Zimbabwe): 700MW from one contract
- Atlas Renewable Energy (Chile): 244MW from one contract
- Clean Capital Energie (Austria): 86MW capacity from one contract.
T&D project contracts in Q1 2020: Top winners by capacity
The top winners of contracts for the quarter in terms of power capacity involved were:
- Power Construction Corporation of China (China): 700MW from one contract
- Proyectos de Instalaciones Electricas (Spain): 244MW from one contract
- China Power Engineering Consulting Group (China): 100MW 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.