Generation equipment contracts in Q3 2022 saw 38 contracts announced, marking a drop of 84% over the last four-quarter average of 232, 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: 28 contracts and a 73.7% share
  2. Project Implementation: six contracts and a 15.8% share
  3. Repair, Maintenance, Upgrade & Others: three contracts and a 7.9% share
  4. Consulting & Similar Services: one contract and a 2.6% share.

Europe leads generation equipment activity in Q3 2022

Comparing contracts activity in generation equipment segment in different regions of the globe, Europe held the top position with 17 contracts and a share of 44.7% during Q3 2022, followed by Asia-Pacific with 15 contracts and a 39.5% share and North America with three contracts and a 7.9% share.

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Wind is leading technology for generation equipment contracts in Q3 2022

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Among the technologies, wind accounted for 18 contracts with a 50% share, followed by thermal with five contracts and a 13.9% share and nuclear with four contracts and an 11.1% share.

Generation equipment contracts in Q3 2022: Top companies by capacity

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

  1. FORTE Vannkraft (Norway): 13,600MW from two contracts
  2. EnBW Energy Solutions (Germany): 900MW from one contract
  3. Energa (Poland): 88MW capacity from one contract.

Generation equipment contracts in Q3 2022: Top winners by capacity

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

  1. Spetals Verk (Norway): 13,600MW from two contracts
  2. Siemens Energy (Germany): 900MW from one contract
  3. Shanghai Electric Power Construction (China): 600MW 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.