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June 22, 2022

Global power industry contracts in May 2022: Wind technology down 48%

By Carmen

Wind technology contracts activity in May 2022 saw 50 contracts announced, marking a drop of 48% over the last 12-month average of 96, 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 38 contracts and a 76% share, followed by Offshore with 12 contracts and a 24% 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 May 2022 with a 27% share.

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

  1. Project Implementation: 15 contracts and a 30% share
  2. Supply & Erection: 14 contracts and a 28% share
  3. Consulting & Similar Services: ten contracts and a 20% share
  4. Power Purchase Agreement: nine contracts and an 18% share
  5. Repair, Maintenance, Upgrade & Others: two contracts and a 4% share.

Asia-Pacific leads wind contracts activity in May 2022

Comparing contracts activity in wind technology in different regions of the globe, Asia-Pacific held the top position with 22 contracts and a share of 44% during May 2022, followed by Europe with 17 contracts and a 34% share and North America with seven contracts and a 14% share.

In fourth place was South and Central America with two contracts and a 4% share and in fifth place was Middle East and Africa with two contracts and a 4% share.

Wind technology contracts in May 2022: Top companies by capacity

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

  1. Neom (Saudi Arabia): 4,300MW from one contract
  2. People’s Government of Yongfu County: 900MW from one contract
  3. Solar Energy Corporation of India (India): 420MW capacity from two contracts.

Wind technology contracts in May 2022: Top winners by capacity

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

  1. Larsen & Toubro (Oman) (Oman): 4,300MW from one contract
  2. Dongfang Electric (China): 1,027.5MW from one contract
  3. China Energy Engineering (China): 750MW 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.

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