T&D project contracts down 48% in Q3 2019

30 November 2019 (Last Updated November 27th, 2019 06:12)

T&D project contracts down 48% in Q3 2019

T&D project contracts in Q3 2019 saw 37 contracts announced, marking a drop of 48% over the last four-quarter average of 71, 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. Project Implementation: 27 contracts and a 73% share
  2. Consulting & Similar Services: seven contracts and an 18.9% share
  3. Repair, Maintenance, Upgrade & Others: three contracts and an 8.1% share.

Middle East and Africa leads T&D project activity in Q3 2019

Comparing contracts activity in T&D project segment in different regions of the globe, Middle East and Africa held the top position with 12 contracts and a share of 32.4% during Q3 2019, followed by Asia-Pacific with 11 contracts and a 29.7% share and Europe with nine contracts and a 24.3% share.

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Wind is leading technology for T&D project contracts in Q3 2019

Among the technologies, wind accounted for six contracts with a 66.7% share, followed by solar with two contracts and a 22.2% share and thermal with one contract and an 11.1% share.

T&D project contracts in Q3 2019: Top companies by capacity

The top issuer of T&D project contracts for the quarter in terms of power capacity involved was:Apex Clean Energy Holdings (United States) with 300MW from one contract.

T&D project contracts in Q3 2019: Top winners by capacity

The top winner of contracts for the quarter in terms of power capacity involved was:Infrastructure and Energy Alternatives (United States) with 502MW from two contracts.

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.