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October 26, 2021

Generation equipment contracts down 27% in Q3 2021

Generation equipment contracts in Q3 2021 saw 238 contracts announced, marking a drop of 27% over the last four-quarter average of 327, 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. Supply & Erection: 198 contracts and an 83.2% share
  2. Repair, Maintenance, Upgrade & Others: 28 contracts and an 11.8% share
  3. Project Implementation: eight contracts and a 3.4% share
  4. Consulting & Similar Services: four contracts and a 1.7% share.

Asia-Pacific leads generation equipment activity in Q3 2021

Comparing contracts activity in generation equipment segment in different regions of the globe, Asia-Pacific held the top position with 84 contracts and a share of 35.3% during Q3 2021, followed by Europe with 73 contracts and a 30.7% share and North America with 45 contracts and an 18.9% share.

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Wind is leading technology for generation equipment contracts in Q3 2021

Among the technologies, wind accounted for 81 contracts with a 34.5% share, followed by solar with 73 contracts and a 31.1% share and thermal with 39 contracts and a 16.6% share.

Generation equipment contracts in Q3 2021: Top companies by capacity

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

  1. Sun Ba Power (Taiwan): 1,100MW from one contract
  2. Metaenergiaproduzione S.R.L: 380MW from one contract
  3. Intersect Power (United States): 313MW capacity from one contract.

Generation equipment contracts in Q3 2021: Top winners by capacity

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

  1. CTCI (Taiwan) and Siemens Energy (Germany): 1,100MW from one contract
  2. Wartsila (Finland): 380MW from one contract
  3. First Solar (United States): 313MW 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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