Generation equipment contracts in May 2022 saw 43 contracts announced, marking a drop of 48% over the last 12-month average of 83, 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: 29 contracts and a 67.4% share
  2. Project Implementation: seven contracts and a 16.3% share
  3. Repair, Maintenance, Upgrade & Others: six contracts and a 14% share
  4. Consulting & Similar Services: one contract and a 2.3% share.

Asia-Pacific leads generation equipment activity in May 2022

Comparing contracts activity in generation equipment segment in different regions of the globe, Asia-Pacific held the top position with 17 contracts and a share of 39.5% during May 2022, followed by Europe with 12 contracts and a 27.9% share and North America with eight contracts and an 18.6% share.

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Wind is leading technology for generation equipment contracts in May 2022

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Among the technologies, wind accounted for 16 contracts with a 38.1% share, followed by solar with eight contracts and a 19% share and thermal with eight contracts and a 19% share.

Generation equipment contracts in May 2022: Top companies by capacity

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

  1. Zhenhai Natural Gas Power Generation (China): 860MW from one contract
  2. : 680.9MW from one contract
  3. Elektroprivreda Srbije (Serbia): 66MW capacity from one contract.

Generation equipment contracts in May 2022: Top winners by capacity

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

  1. Sinohydro Engineering Bureau four (China): 1,200MW from one contract
  2. Zhejiang Electric Power Construction (China) and China Energy Engineering (China): 860MW from one contract
  3. Mitsubishi Power (Japan) and SEPCOIII Electric Power Construction (China): 680.9MW 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.