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November 12, 2021

Europe generation equipment contracts activity down 41% in October 2021

There were 22 generation equipment contracts announced in the Europe region in October 2021, marking a drop of 41% over the last 12-month average of 37, according to GlobalData’s power industry contracts database.

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Power Plant stood at first place when compared with other power tender categories in the Europe region in October 2021 with 27 contracts and a 30.3% share, followed by Electricity Procurement with 24 contracts and a 27% share and Generation Equipment with 22 contracts and a 24.7% share during the month.

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

  1. Supply & Erection: 19 contracts and an 86.4% share
  2. Repair, Maintenance, Upgrade & Others: two contracts and a 9.1% share
  3. Consulting & Similar Services: one contract and a 4.5% share.

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Wind is top technology for Europe generation equipment contracts in October 2021

Looking at generation equipment contracts by the type of technology in the Europe region, wind accounted for 18 contracts with an 81.8% share, followed by solar with two contracts and a 9.1% share and hydro with one contract and a 4.5% share.

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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.

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