Generation equipment contracts in January 2021 saw 76 contracts announced, marking a drop of 28% over the last 12-month average of 105, 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: 71 contracts and a 93.4% share
  2. Repair, Maintenance, Upgrade & Others: three contracts and a 3.9% share
  3. Project Implementation: two contracts and a 2.6% share.

Asia-Pacific leads generation equipment activity in January 2021

Comparing contracts activity in generation equipment segment in different regions of the globe, Asia-Pacific held the top position with 26 contracts and a share of 34.2% during January 2021, followed by Europe with 23 contracts and a 30.3% share and North America with 20 contracts and a 26.3% share.

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Wind is leading technology for generation equipment contracts in January 2021

Among the technologies, wind accounted for 33 contracts with a 43.4% share, followed by solar with 19 contracts and a 25% share and thermal with 11 contracts and a 14.5% share.

Generation equipment contracts in January 2021: Top issuers by capacity

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

  1. Ethiopian Electric Power (Ethiopia) and Hanbaram Wind Power (Vietnam): 100MW from one contract
  2. NTPC (India): 90MW from one contract.

Generation equipment contracts in January 2021: Top winners by capacity

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

  1. Siemens Gamesa Renewable Energy (Spain): 200MW from two contracts
  2. Amara Raja Power Systems (India): 90MW 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.