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April 8, 2022

Global power industry contracts in March 2022: Wind technology down 38%

By Carmen

Wind technology contracts activity in March 2022 saw 62 contracts announced, marking a drop of 38% over the last 12-month average of 100, 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 56 contracts and a 90.3% share, followed by Offshore with six contracts and a 9.7% 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 March 2022 with a 30.8% share.

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

  1. Supply & Erection: 25 contracts and a 40.3% share
  2. Power Purchase Agreement: 19 contracts and a 30.6% share
  3. Consulting & Similar Services: 11 contracts and a 17.7% share
  4. Project Implementation: five contracts and an 8.1% share
  5. Repair, Maintenance, Upgrade & Others: two contracts and a 3.2% share.

 

Asia-Pacific leads wind contracts activity in March 2022

 

Comparing contracts activity in wind technology in different regions of the globe, Asia-Pacific held the top position with 29 contracts and a share of 46.8% during March 2022, followed by Europe with 21 contracts and a 33.9% share and North America with six contracts and a 9.7% share.

In fourth place was Middle East and Africa with four contracts and a 6.5% share and in fifth place was South and Central America with two contracts and a 3.2% share.

 

Wind technology contracts in March 2022: Top companies by capacity

 

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

  1. ArcelorMittal (Luxembourg): 975MW from one contract
  2. First Quantum Minerals (Canada): 430MW from one contract
  3. ArcelorMittal Nippon Steel India (India): 250MW capacity from one contract.

 

Wind technology contracts in March 2022: Top winners by capacity

 

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

  1. Greenko Energies (India): 975MW from one contract
  2. Total Eren (France): 430MW from one contract
  3. ArcelorMittal (Luxembourg): 250MW 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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