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November 12, 2021

Global power industry contracts in October 2021: Wind technology down 36%

Wind technology contracts activity in October 2021 saw 67 contracts announced, marking a drop of 36% over the last 12-month average of 104, 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 44 contracts and a 65.7% share, followed by Offshore with 22 contracts and a 32.8% share. Onshore Repowered stood in third place with one contract and a 1.5% 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 October 2021 with a 31.3% share.

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

  1. Supply & Erection: 26 contracts and a 38.8% share
  2. Project Implementation: 25 contracts and a 37.3% share
  3. Power Purchase Agreement: ten contracts and a 14.9% share
  4. Consulting & Similar Services: four contracts and a 6% share
  5. Repair, Maintenance, Upgrade & Others: two contracts and a 3% share.

Europe leads wind contracts activity in October 2021

Comparing contracts activity in wind technology in different regions of the globe, Europe held the top position with 31 contracts and a share of 46.3% during October 2021, followed by Middle East and Africa with 14 contracts and a 20.9% share and Asia-Pacific with 13 contracts and a 19.4% share.

In fourth place was North America with seven contracts and a 10.4% share and in fifth place was South and Central America with two contracts and a 3% share.

Wind technology contracts in October 2021: Top companies by capacity

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

  1. Department of Energy, South Africa (South Africa): 1,608MW from 12 contracts
  2. Energy Bureau of Guangxi Zhuang Autonomous Region: 1,550MW from one contract
  3. Ministry of Energy of the Republic of Kazakhstan (Kazakhstan): 1,000MW capacity from one contract.

Wind technology contracts in October 2021: Top winners by capacity

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

  1. H1 Holdings (South Africa): 1,188MW from nine contracts
  2. Total Eren (France): 1,000MW from one contract
  3. Orsted (Denmark): 900MW 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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