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October 26, 2021

Europe Hydro technology contracts activity drops 15% in Q3 2021

Europe hydro technology contracts in Q3 2021 saw 22 contracts announced, marking a drop of 15% over the last four-quarter average of 26, according to GlobalData’s power industry contracts database.

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

  1. Power Purchase Agreement with eight contracts and a 36.4% share
  2. Supply & Erection: six contracts and a 27.3% share
  3. Project Implementation: five contracts and a 22.7% share
  4. Repair, Maintenance, Upgrade & Others: two contracts and a 9.1% share
  5. Electricity Supply: one contract and a 4.5% share.

Russia tops Europe hydro power contracts activity

Russia was the top country in the Europe region for hydro technology contracts recorded in Q3 2021 with six contracts and a 27.3% share, followed by Norway with four contracts and an 18.2% share and Iceland with two contracts and a 9.1% share.

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Europe hydro technology contracts in Q3 2021: Top companies by capacity

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

  1. Korporata Elektroenergjitike Shqiptare (Albania): 210MW from one contract
  2. Nordural Grundartangi ehf: 182MW from one contract
  3. AO ATC (Russia): 96MW capacity from three contracts.

Europe hydro technology contracts in Q3 2021: Top winners by capacity

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

  1. Bechtel (United States): 210MW from one contract
  2. Landsvirkjun hf (Iceland): 182MW from one contract
  3. RusHydro (Russia): 96MW capacity from three 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.

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