Wind technology contracts activity in Q1 2022 saw 211 contracts announced, marking a drop of 34% over the last four-quarter average of 321, 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 quarter, accounting for 149 contracts and a 71% share, followed by Offshore with 61 contracts and a 29% 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 Q1 2022 with a 32.6% share.

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

  1. Power Purchase Agreement: 68 contracts and a 32.2% share
  2. Supply & Erection: 56 contracts and a 26.5% share
  3. Project Implementation: 46 contracts and a 21.8% share
  4. Consulting & Similar Services: 35 contracts and a 16.6% share
  5. Repair, Maintenance, Upgrade & Others: six contracts and a 2.8% share.

Europe leads wind contracts activity in Q1 2022

Comparing contracts activity in wind technology in different regions of the globe, Europe held the top position with 114 contracts and a share of 54% during Q1 2022, followed by Asia-Pacific with 54 contracts and a 25.6% share and North America with 28 contracts and a 13.3% share.

In fourth place was South and Central America with eight contracts and a 3.8% share and in fifth place was Middle East and Africa with seven contracts and a 3.3% share.

Wind technology contracts in Q1 2022: Top companies by capacity

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

  1. Crown Estate Scotland: 24,826MW from 17 contracts
  2. Alcoa (United States): 1,479.3MW from two contracts
  3. ArcelorMittal (Luxembourg): 975MW capacity from one contract.

Wind technology contracts in Q1 2022: Top winners by capacity

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

  1. Scottish Power Generation Holdings (United Kingdom): 5,000MW from two contracts
  2. BP (United Kingdom): 2,907MW from one contract
  3. Falck Renewables Wind (United Kingdom): 2,700MW capacity from three 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.