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  1. Market Data
August 20, 2021

Generation equipment contracts down 27% in July 2021

Generation equipment contracts in July 2021 saw 78 contracts announced, marking a drop of 27% over the last 12-month average of 107, according to GlobalData’s power industry contracts database.

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

  1. Supply & Erection: 60 contracts and a 76.9% share
  2. Repair, Maintenance, Upgrade & Others: 13 contracts and a 16.7% share
  3. Project Implementation: four contracts and a 5.1% share
  4. Consulting & Similar Services: one contract and a 1.3% share.

Asia-Pacific leads generation equipment activity in July 2021

Comparing contracts activity in generation equipment segment in different regions of the globe, Asia-Pacific held the top position with 32 contracts and a share of 41% during July 2021, followed by Europe with 22 contracts and a 28.2% share and North America with 14 contracts and a 17.9% share.

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Solar is leading technology for generation equipment contracts in July 2021

Among the technologies, solar accounted for 28 contracts with a 35.9% share, followed by wind with 24 contracts and a 30.8% share and thermal with 14 contracts and a 17.9% share.

Generation equipment contracts in July 2021: Top companies by capacity

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

  1. Metaenergiaproduzione S.R.L: 380MW from one contract
  2. Intersect Power (United States): 313MW from one contract
  3. Centralized Utilities Company (Marafiq): 80MW capacity from one contract.

Generation equipment contracts in July 2021: Top winners by capacity

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

  1. Wartsila (Finland): 380MW from one contract
  2. First Solar (United States): 313MW from one contract
  3. GE Gas Power (United States): 80MW 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.

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