Power industry contracts activity in February 2022 saw 198 contracts announced, marking a drop of 47% over the last 12-month average of 371, according to GlobalData’s power database.
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Power industry contracts in February 2022: Europe leads global activity
On comparing contracts activity in different regions of the globe, Europe held the top position with 76 contracts and a share of 38.4% during February 2022, followed by Asia-Pacific with 64 contracts and a 32.3% share and North America with 35 contracts and a 17.7% share.
In fourth place was South and Central America with 12 contracts and a 6.1% share and in fifth place was Middle East and Africa with 11 contracts and a 5.6% share.
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By GlobalDataOn the basis of the last 12-month average, Europe held a lead over others with 142 contracts, followed by Asia-Pacific with 110.
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Solar tops by technology in February 2022
Looking at contracts by the type of technology, solar accounted for the largest proportion with 73 contracts and a 43.5% share, followed by wind with 56 contracts and a 33.3% share and thermal with 13 contracts and a 7.7% share.
Looking at power industry contracts divided by segment as tracked by GlobalData, Electricity Procurement was the most popular segment during February 2022, with 63 contracts, followed by Power Plant (54) and Generation Equipment (38).
The proportion of contracts by category tracked by GlobalData in the month was as follows:
- Power Purchase Agreement: 60 contracts and a 30.3% share
- Project Implementation: 60 contracts and a 30.3% share
- Supply & Erection: 47 contracts and a 23.7% share
- Consulting & Similar Services: 21 contracts and a 10.6% share
- Repair, Maintenance, Upgrade & Others: seven contracts and a 3.5% share
- Electricity Supply: three contracts and a 1.5% share.
Power contracts in February 2022: Top companies by capacity
The top issuers of contracts for the month in terms of power capacity involved were:
- Rajasthan Rajya Vidyut Utpadan Nigam (India): 1,785MW from one contract
- Comision Federal de Electricidad (Mexico): 1,500MW from one contract
- Alcoa (United States): 906.3MW capacity from one contract.
Power contracts in February 2022: Top winners by capacity
The top winners of contracts for the month in terms of power capacity involved were:
- Solar Energy Corporation of India (India): 1,785MW from one contract
- Tecnicas Reunidas (Spain) and TSK Group (Spain): 1,500MW from one contract
- Endesa (Spain): 906.3MW 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.
