There were 62 generation equipment contracts announced in the Europe region in Q1 2022, marking a drop of 42% over the last four-quarter average of 107, 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 Q1 2022 with 80 contracts and a 30.5% share, followed by Generation Equipment with 62 contracts and a 23.7% share and Electricity Procurement with 57 contracts and a 21.8% share during the quarter.

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

  1. Supply & Erection: 50 contracts and an 80.6% share
  2. Repair, Maintenance, Upgrade & Others: eight contracts and a 12.9% share
  3. Project Implementation: four contracts and a 6.5% share.

Wind is top technology for Europe generation equipment contracts in Q1 2022

Looking at generation equipment contracts by the type of technology in the Europe region, wind accounted for 32 contracts with a 52.5% share, followed by solar with 14 contracts and a 23% share and thermal with ten contracts and a 16.4% share.

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Europe generation equipment contracts in Q1 2022: Top companies by capacity

The top issuers of generation equipment contracts for the quarter in terms of power capacity involved in Europe were:

  1. A2A Gencogas: 110MW from one contract
  2. Unimetal: 25MW from one contract
  3. Stefani: 0.95MW capacity from one contract.

Europe generation equipment contracts in Q1 2022: Top winners by capacity

The top winners of contracts for the quarter in terms of power capacity involved in Europe were:

  1. Wartsila (Finland): 110MW from one contract
  2. Midsummer (Sweden): 25MW 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.