Oil and gas companies are making moves into the UK energy market.

Generation equipment contracts in January 2022 saw 38 contracts announced, marking a drop of 58% over the last 12-month average of 91, 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: 33 contracts and an 86.8% share
  2. Repair, Maintenance, Upgrade & Others: three contracts and a 7.9% share
  3. Project Implementation: two contracts and a 5.3% share.

Europe leads generation equipment activity in January 2022

Comparing contracts activity in generation equipment segment in different regions of the globe, Europe held the top position with 14 contracts and a share of 36.8% during January 2022, followed by Asia-Pacific with ten contracts and a 26.3% share and South and Central America with seven contracts and an 18.4% share.

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Solar is leading technology for generation equipment contracts in January 2022

Among the technologies, solar accounted for 15 contracts with a 40.5% share, followed by wind with 12 contracts and a 32.4% share and thermal with seven contracts and an 18.9% share.

Generation equipment contracts in January 2022: Top companies by capacity

The top issuer of generation equipment contracts for the month in terms of power capacity involved was:A2A Gencogas with 110MW from one contract.

Generation equipment contracts in January 2022: Top winners by capacity

The top winner of contracts for the month in terms of power capacity involved was:Wartsila (Finland) with 110MW 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.