Power industry contracts activity in September 2022 saw 59 contracts announced, marking a drop of 81% over the last 12-month average of 314, according to GlobalData’s power database.

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Power industry contracts in September 2022: Europe leads global activity

On comparing contracts activity in different regions of the globe, Europe held the top position with 19 contracts and a share of 32.2% during September 2022, followed by Asia-Pacific with 17 contracts and a 28.8% share and Middle East and Africa with 13 contracts and a 22% share.

In fourth place was North America with ten contracts and a 16.9% share.

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On the basis of the last 12-month average, Asia-Pacific held a lead over others with 119 contracts, followed by Europe with 104.

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Solar tops by technology in September 2022

Looking at contracts by the type of technology, solar accounted for the largest proportion with 29 contracts and a 55.8% share, followed by wind with 15 contracts and a 28.8% share and thermal with four 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 September 2022, with 36 contracts, followed by Power Plant (19) and T&D Project (8).

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

  1. Power Purchase Agreement: 36 contracts and a 61% share
  2. Project Implementation: 14 contracts and a 23.7% share
  3. Consulting & Similar Services: five contracts and an 8.5% share
  4. Supply & Erection: four contracts and a 6.8% share.

Power contracts in September 2022: Top companies by capacity

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

  1. FORTE Vannkraft (Norway): 13,600MW from two contracts
  2. NTPC (India): 1,320MW from one contract
  3. Government of Nigeria (Nigeria): 961MW capacity from one contract.

Power contracts in September 2022: Top winners by capacity

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

  1. Spetals Verk (Norway): 13,600MW from two contracts
  2. TBEA (China): 2,020MW from two contracts
  3. Bharat Heavy Electricals (India): 1,320MW 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.