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  1. Market Data
June 17, 2021

Generation equipment contracts down 43% in May 2021

By Amit Sharma

Generation equipment contracts in May 2021 saw 60 contracts announced, marking a drop of 43% over the last 12-month average of 106, 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: 47 contracts and a 78.3% share
  2. Repair, Maintenance, Upgrade & Others: seven contracts and an 11.7% share
  3. Project Implementation: four contracts and a 6.7% share
  4. Consulting & Similar Services: two contracts and a 3.3% share.

Asia-Pacific leads generation equipment activity in May 2021

Comparing contracts activity in generation equipment segment in different regions of the globe, Asia-Pacific held the top position with 21 contracts and a share of 35% during May 2021, followed by Europe with 20 contracts and a 33.3% share and Middle East and Africa with nine contracts and a 15% share.

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Solar is leading technology for generation equipment contracts in May 2021

Among the technologies, solar accounted for 19 contracts with a 32.8% share, followed by wind with 18 contracts and a 31% share and thermal with ten contracts and a 17.2% share.

Generation equipment contracts in May 2021: Top issuers by capacity

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

  1. State Power Investment (China): 7,200MW from one contract
  2. Neoen (France): 404MW from one contract
  3. Neoen Australia Pty (Australia): 157MW capacity from one contract.

Generation equipment contracts in May 2021: Top winners by capacity

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

  1. Jolywood (Taizhou) Solar Technology (China): 7,200MW from one contract
  2. Vestas Northern and Central Europe (Germany): 404MW from one contract
  3. Vestas Asia Pacific Wind Technology Pte. (Singapore): 157MW 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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