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October 26, 2021

Global power industry contracts in Q3 2021: Thermal technology down 37%

Thermal technology contracts activity in Q3 2021 saw 72 contracts announced, marking a drop of 37% over the last four-quarter average of 115, according to GlobalData’s power industry contracts database.

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Gas was the top category in thermal technology in terms of number of contracts for the quarter, accounting for 59 contracts and a 79.7% share, followed by Coal with nine contracts and a 12.2% share. Oil stood in third place with six contracts and an 8.1% share.

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Looking at global power contracts activity divided by the type of technology, thermal held the third position in terms of number of contracts during Q3 2021 with an 8.2% share.

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

  1. Project Implementation: 25 contracts and a 34.7% share
  2. Supply & Erection: 23 contracts and a 31.9% share
  3. Repair, Maintenance, Upgrade & Others: 12 contracts and a 16.7% share
  4. Power Purchase Agreement: seven contracts and a 9.7% share
  5. Consulting & Similar Services: five contracts and a 6.9% share.

Asia-Pacific leads thermal contracts activity in Q3 2021

Comparing contracts activity in thermal technology in different regions of the globe, Asia-Pacific held the top position with 35 contracts and a share of 48.6% during Q3 2021, followed by Middle East and Africa with 14 contracts and a 19.4% share and Europe with ten contracts and a 13.9% share.

In fourth place was North America with nine contracts and a 12.5% share and in fifth place was South and Central America with four contracts and a 5.6% share.

Thermal technology contracts in Q3 2021: Top companies by capacity

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

  1. Hubei Energy Group Xiangyang Yicheng Power Generation: 2,000MW from one contract
  2. Tsingshan Holding Group (China): 1,140MW from one contract
  3. Sun Ba Power (Taiwan): 1,100MW capacity from one contract.

Thermal technology contracts in Q3 2021: Top winners by capacity

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

  1. China Energy Engineering Group Planning and Engineering (China): 2,000MW from one contract
  2. Zhejiang Thermal Power Construction (China): 1,140MW from one contract
  3. Siemens Energy (Germany) and CTCI (Taiwan): 1,100MW 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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