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  1. Market Data
April 8, 2022

Generation equipment contracts down 33% in March 2022

By Carmen

Generation equipment contracts in March 2022 saw 57 contracts announced, marking a drop of 33% over the last 12-month average of 85, 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: 48 contracts and an 84.2% share
  2. Project Implementation: five contracts and an 8.8% share
  3. Repair, Maintenance, Upgrade & Others: three contracts and a 5.3% share
  4. Consulting & Similar Services: one contract and a 1.8% share.

Asia-Pacific leads generation equipment activity in March 2022

Comparing contracts activity in generation equipment segment in different regions of the globe, Asia-Pacific held the top position with 27 contracts and a share of 47.4% during March 2022, followed by Europe with 16 contracts and a 28.1% share and North America with five contracts and an 8.8% share.

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Wind is leading technology for generation equipment contracts in March 2022

Among the technologies, wind accounted for 24 contracts with a 42.1% share, followed by solar with 17 contracts and a 29.8% share and thermal with 11 contracts and a 19.3% share.

Generation equipment contracts in March 2022: Top companies by capacity

The top issuer of generation equipment contracts for the month in terms of power capacity involved was:Housing Development Board and Singapore Economic Development Board (Singapore) with 70MW from one contract.

Generation equipment contracts in March 2022: Top winners by capacity

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

  1. Shanghai Electric Power Construction (China): 150MW from one contract
  2. PowerChina Nuclear Engineering (China): 100MW from one contract
  3. Terrenus Energy (Singapore): 70MW 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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