Power industry contracts activity in October 2022 saw 23 contracts announced, marking a drop of 92% over the last 12-month average of 285, according to GlobalData’s power database.

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Power industry contracts in October 2022: Europe leads global activity

On comparing contracts activity in different regions of the globe, Europe held the top position with nine contracts and a share of 39.1% during October 2022, followed by Middle East and Africa with six contracts and a 26.1% share and North America with three contracts and a 13% share.

In fourth place was Asia-Pacific with three contracts and a 13% share and in fifth place was South and Central America with two contracts and an 8.7% share.

On the basis of the last 12-month average, Asia-Pacific held a lead over others with 114 contracts, followed by Europe with 89.

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Solar tops by technology in October 2022

Looking at contracts by the type of technology, solar accounted for the largest proportion with 12 contracts and a 54.5% share, followed by wind with eight contracts and a 36.4% share and thermal with two contracts and a 9.1% share.

Looking at power industry contracts divided by segment as tracked by GlobalData, Electricity Procurement was the most popular segment during October 2022, with 17 contracts, followed by Power Plant (6) and T&D Project (1).

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

  1. Power Purchase Agreement: 17 contracts and a 73.9% share
  2. Project Implementation: four contracts and a 17.4% share
  3. Supply & Erection: one contract and a 4.3% share
  4. Consulting & Similar Services: one contract and a 4.3% share.

Power contracts in October 2022: Top companies by capacity

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

  1. Telstra (Australia): 923.4MW from one contract
  2. Kerala State Electricity Board (India): 400MW from one contract
  3. Telecor: 324.2MW capacity from one contract.

Power contracts in October 2022: Top winners by capacity

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

  1. China Energy Engineering (China) and China Power Engineering Consulting Group (China): 1,000MW from one contract
  2. Ark Energy (United Kingdom): 923.4MW from one contract
  3. NLC India (India): 400MW 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.