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October 26, 2021

Global power industry contracts in Q3 2021: Wind technology down 14%

Wind technology contracts activity in Q3 2021 saw 283 contracts announced, marking a drop of 14% over the last four-quarter average of 328, 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 236 contracts and an 83.1% share, followed by Offshore with 46 contracts and a 16.2% share. Onshore Repowered stood in third place with two contracts and a 0.7% share.

Looking at global power contracts activity divided by the type of technology, wind held the second position in terms of number of contracts during Q3 2021 with a 32.2% share.

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

  1. Supply & Erection: 84 contracts and a 29.7% share
  2. Project Implementation: 83 contracts and a 29.3% share
  3. Power Purchase Agreement: 74 contracts and a 26.1% share
  4. Consulting & Similar Services: 29 contracts and a 10.2% share
  5. Repair, Maintenance, Upgrade & Others: seven contracts and a 2.5% share
  6. Electricity Supply: six contracts and a 2.1% share.

Europe leads wind contracts activity in Q3 2021

Comparing contracts activity in wind technology in different regions of the globe, Europe held the top position with 152 contracts and a share of 53.7% during Q3 2021, followed by Asia-Pacific with 75 contracts and a 26.5% share and North America with 39 contracts and a 13.8% share.

In fourth place was South and Central America with 13 contracts and a 4.6% share and in fifth place was Middle East and Africa with four contracts and a 1.4% share.

Wind technology contracts in Q3 2021: Top companies by capacity

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

  1. Akimat of Mangystau Region: 30,000MW from one contract
  2. Solar Energy Corporation of India (India): 4,270MW from 15 contracts
  3. Three Gorges New Energy Siziwangqi (China): 2,000MW capacity from one contract.

Wind 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. Svevind (Sweden): 30,000MW from one contract
  2. China Power Engineering Consulting Group (China): 2,000MW from one contract
  3. Solar Energy Corporation of India (India): 1,850.64MW 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.

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