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  1. Market Data
August 20, 2021

Global power industry contracts in July 2021: Thermal technology down 45%

Thermal technology contracts activity in July 2021 saw 21 contracts announced, marking a drop of 45% over the last 12-month average of 38, according to GlobalData’s power industry contracts database.

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Gas was the top category in thermal technology in terms of number of contracts for the month, accounting for 18 contracts and a 78.3% share, followed by Oil with three contracts and a 13% share. Coal stood in third place with two contracts and an 8.7% share.

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Looking at global power contracts activity divided by the type of technology, thermal held the third position in terms of number of contracts during July 2021 with a 7.6% share.

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

  1. Project Implementation: seven contracts and a 33.3% share
  2. Supply & Erection: six contracts and a 28.6% share
  3. Repair, Maintenance, Upgrade & Others: five contracts and a 23.8% share
  4. Power Purchase Agreement: two contracts and a 9.5% share
  5. Consulting & Similar Services: one contract and a 4.8% share.

Asia-Pacific leads thermal contracts activity in July 2021

Comparing contracts activity in thermal technology in different regions of the globe, Asia-Pacific held the top position with 11 contracts and a share of 52.4% during July 2021, followed by Middle East and Africa with three contracts and a 14.3% share and North America with three contracts and a 14.3% share.

In fourth place was South and Central America with two contracts and a 9.5% share and in fifth place was Europe with two contracts and a 9.5% share.

Thermal technology contracts in July 2021: Top companies by capacity

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

  1. Metaenergiaproduzione S.R.L: 380MW from one contract
  2. SaskPower International (Canada): 360MW from one contract
  3. Government of Sri Lanka (Sri Lanka): 350MW capacity from one contract.

Thermal technology contracts in July 2021: Top winners by capacity

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

  1. Wartsila (Finland): 380MW from one contract
  2. PCL Construction Group (Canada), Allan Construction (Canada) and Allan Ventures (United States): 360MW from one contract
  3. Lakdhanavi (Sri Lanka): 350MW 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.

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