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August 9, 2022

Global power industry contracts in July 2022: Wind technology down 37%

By Carmen

Wind technology contracts activity in July 2022 saw 56 contracts announced, marking a drop of 37% over the last 12-month average of 89, according to GlobalData’s power industry contracts database.

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Onshore was the top category in wind technology in terms of number of contracts for the month, accounting for 37 contracts and a 66.1% share, followed by Offshore with 19 contracts and a 33.9% share.

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Looking at global power contracts activity divided by the type of technology, wind held the second position in terms of number of contracts during July 2022 with a 37.6% share.

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

  1. Power Purchase Agreement: 25 contracts and a 44.6% share
  2. Supply & Erection: 16 contracts and a 28.6% share
  3. Project Implementation: ten contracts and a 17.9% share
  4. Consulting & Similar Services: three contracts and a 5.4% share
  5. Repair, Maintenance, Upgrade & Others: two contracts and a 3.6% share.

Europe leads wind contracts activity in July 2022

Comparing contracts activity in wind technology in different regions of the globe, Europe held the top position with 36 contracts and a share of 64.3% during July 2022, followed by Asia-Pacific with 18 contracts and a 32.1% share and South and Central America with two contracts and a 3.6% share.

Wind technology contracts in July 2022: Top companies by capacity

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

  1. Department for Business, Energy and Industrial Strategy (United Kingdom): 8,511.9MW from 22 contracts
  2. Hydro Rein Invest (Norway): 586MW from one contract
  3. An Xuan Energy: 128MW capacity from one contract.

Wind technology contracts in July 2022: Top winners by capacity

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

  1. Orsted (Denmark): 2,852MW from one contract
  2. Norfolk Boreas (United Kingdom): 1,396MW from one contract
  3. East Anglia Three (United Kingdom): 1,372.34MW 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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