Wind technology contracts activity in Q2 2022 saw 156 contracts announced, marking a drop of 47% over the last four-quarter average of 295, 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 105 contracts and a 67.3% share, followed by Offshore with 51 contracts and a 32.7% 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 Q2 2022 with a 24.9% share.

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

  1. Supply & Erection: 53 contracts and a 34% share
  2. Project Implementation: 36 contracts and a 23.1% share
  3. Power Purchase Agreement: 30 contracts and a 19.2% share
  4. Consulting & Similar Services: 29 contracts and an 18.6% share
  5. Repair, Maintenance, Upgrade & Others: seven contracts and a 4.5% share
  6. Electricity Supply: one contract and a 0.6% share.

Europe leads wind contracts activity in Q2 2022

Comparing contracts activity in wind technology in different regions of the globe, Europe held the top position with 68 contracts and a share of 43.6% during Q2 2022, followed by Asia-Pacific with 58 contracts and a 37.2% share and North America with 21 contracts and a 13.5% share.

In fourth place was South and Central America with seven contracts and a 4.5% share and in fifth place was Middle East and Africa with two contracts and a 1.3% share.

Wind technology contracts in Q2 2022: Top companies by capacity

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

  1. Neom (Saudi Arabia): 4,300MW from one contract
  2. Government Of Karnataka (India): 1,700MW from one contract
  3. People’s Government of Yongfu County: 900MW capacity from one contract.

Wind technology contracts in Q2 2022: Top winners by capacity

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

  1. Larsen & Toubro (Oman) (Oman): 4,300MW from one contract
  2. Azure Power (India): 1,700MW from one contract
  3. Dongfang Electric (China): 1,027.5MW 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.