Power industry contracts activity in July 2022 saw 180 contracts announced, marking a drop of 47% over the last 12-month average of 337, according to GlobalData’s power database.

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Power industry contracts in July 2022: Asia-Pacific leads global activity

On comparing contracts activity in different regions of the globe, Asia-Pacific held the top position with 85 contracts and a share of 47.2% during July 2022, followed by Europe with 69 contracts and a 38.3% share and Middle East and Africa with 15 contracts and an 8.3% share.

In fourth place was South and Central America with six contracts and a 3.3% share and in fifth place was North America with five contracts and a 2.8% share.

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On the basis of the last 12-month average, Asia-Pacific held a lead over others with 121 contracts, followed by Europe with 110.

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Solar tops by technology in July 2022

Looking at contracts by the type of technology, solar accounted for the largest proportion with 65 contracts and a 43.6% share, followed by wind with 56 contracts and a 37.6% share and thermal with 12 contracts and an 8.1% share.

Looking at power industry contracts divided by segment as tracked by GlobalData, Power Plant was the most popular segment during July 2022, with 62 contracts, followed by Electricity Procurement (58) and T&D Project (43).

The proportion of contracts by category tracked by GlobalData in the month was as follows:

  1. Project Implementation: 62 contracts and a 34.4% share
  2. Power Purchase Agreement: 58 contracts and a 32.2% share
  3. Supply & Erection: 28 contracts and a 15.6% share
  4. Consulting & Similar Services: 25 contracts and a 13.9% share
  5. Repair, Maintenance, Upgrade & Others: six contracts and a 3.3% share
  6. Others: one contract and a 0.6% share.

Power contracts in July 2022: Top companies by capacity

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

  1. Government Of Rajasthan (India): 10,000MW from one contract
  2. Department for Business, Energy and Industrial Strategy (United Kingdom): 9,213.6MW from 43 contracts
  3. Xinjiang Yecheng: 2,000MW capacity from one contract.

Power contracts in July 2022: Top winners by capacity

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

  1. NTPC Renewable Energy (India): 10,000MW from one contract
  2. China Energy Engineering (China): 3,898MW from 23 contracts
  3. Orsted (Denmark): 2,852MW 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.