Power industry contracts activity in Q4 2021 saw 1,044 contracts announced, marking a drop of 15% over the last four-quarter average of 1,225, according to GlobalData’s power database.

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Power industry contracts in Q4 2021: Europe leads global activity

On comparing contracts activity in different regions of the globe, Europe held the top position with 366 contracts and a share of 35.1% during Q4 2021, followed by Asia-Pacific with 349 contracts and a 33.4% share and North America with 168 contracts and a 16.1% share.

In fourth place was Middle East and Africa with 117 contracts and an 11.2% share and in fifth place was South and Central America with 44 contracts and a 4.2% share.

On the basis of the last four-quarter average, Europe held a lead over others with 521 contracts, followed by Asia-Pacific with 334.

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Solar tops by technology in Q4 2021

Looking at contracts by the type of technology, solar accounted for the largest proportion with 463 contracts and a 50.7% share, followed by wind with 304 contracts and a 33.3% share and thermal with 56 contracts and a 6.1% 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 Q4 2021, with 428 contracts, followed by Electricity Procurement (301) and Generation Equipment (237).

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

  1. Project Implementation: 447 contracts and a 42.8% share
  2. Supply & Erection: 278 contracts and a 26.6% share
  3. Power Purchase Agreement: 200 contracts and a 19.2% share
  4. Consulting & Similar Services: 66 contracts and a 6.3% share
  5. Repair, Maintenance, Upgrade & Others: 40 contracts and a 3.8% share
  6. Electricity Supply: nine contracts and a 0.9% share
  7. Others: four contracts and a 0.4% share.

Power contracts in Q4 2021: Top companies by capacity

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

  1. Copenhagen Infrastructure Partners KS (Denmark): 10,000MW from one contract
  2. Solar Energy Corporation of India (India): 9,985MW from 12 contracts
  3. Ministry for the Ecological Transition and Demographic Challenge (Spain): 3,123.88MW capacity from 91 contracts.

Power contracts in Q4 2021: Top winners by capacity

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

  1. Acciona (Spain), Boskalis (Netherlands), DEME Group (Belgium) and MT Hojgaard Holding (Denmark): 10,000MW from one contract
  2. China Energy Engineering Group Planning and Engineering (China): 5,442.54MW from 22 contracts
  3. Adani Green Energy (India): 5,000MW capacity from two 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.