Power industry contracts activity in Q3 2022 saw 406 contracts announced, marking a drop of 60% over the last four-quarter average of 1,026, according to GlobalData’s power database.
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Power industry contracts in Q3 2022: Asia-Pacific leads global activity
On comparing contracts activity in different regions of the globe, Asia-Pacific held the top position with 227 contracts and a share of 55.9% during Q3 2022, followed by Europe with 112 contracts and a 27.6% share and Middle East and Africa with 32 contracts and a 7.9% share.
In fourth place was North America with 25 contracts and a 6.2% share and in fifth place was South and Central America with ten contracts and a 2.5% share.
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By GlobalDataOn the basis of the last four-quarter average, Asia-Pacific held a lead over others with 370 contracts, followed by Europe with 336.
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Solar tops by technology in Q3 2022
Looking at contracts by the type of technology, solar accounted for the largest proportion with 146 contracts and a 44% share, followed by wind with 112 contracts and a 33.7% share and thermal with 25 contracts and a 7.5% share.
Looking at power industry contracts divided by segment as tracked by GlobalData, Power Plant was the most popular segment in global power contracts activity during Q3 2022, with 168 contracts, followed by Electricity Procurement (136) and T&D Project (116).
The proportion of contracts by category tracked by GlobalData in the quarter was as follows:
- Power Purchase Agreement: 136 contracts and a 33.5% share
- Project Implementation: 125 contracts and a 30.8% share
- Consulting & Similar Services: 94 contracts and a 23.2% share
- Supply & Erection: 41 contracts and a 10.1% share
- Repair, Maintenance, Upgrade & Others: eight contracts and a 2% share
- Others: two contracts and a 0.5% share.
Power contracts in Q3 2022: Top companies by capacity
The top issuers of contracts for the quarter in terms of power capacity involved were:
- FORTE Vannkraft (Norway): 13,600MW from two contracts
- Government Of Rajasthan (India): 10,000MW from one contract
- Department for Business, Energy and Industrial Strategy (United Kingdom): 9,213.6MW capacity from 43 contracts.
Power contracts in Q3 2022: Top winners by capacity
The top winners of contracts for the quarter in terms of power capacity involved were:
- Spetals Verk (Norway): 13,600MW from two contracts
- NTPC Renewable Energy (India): 10,000MW from one contract
- China Energy Engineering (China): 8,454.7MW capacity from 44 contracts.
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.
