Thermal technology contracts activity in Q4 2021 saw 56 contracts announced, marking a drop of 47% over the last four-quarter average of 106, 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 42 contracts and a 72.4% share, followed by Coal with 11 contracts and a 19% share. Oil stood in third place with five contracts and an 8.6% 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 Q4 2021 with a 6.1% share.

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

  1. Supply & Erection: 21 contracts and a 37.5% share
  2. Project Implementation: 20 contracts and a 35.7% share
  3. Power Purchase Agreement: six contracts and a 10.7% share
  4. Repair, Maintenance, Upgrade & Others: five contracts and an 8.9% share
  5. Consulting & Similar Services: four contracts and a 7.1% share.

Asia-Pacific leads thermal contracts activity in Q4 2021

Comparing contracts activity in thermal technology in different regions of the globe, Asia-Pacific held the top position with 20 contracts and a share of 35.7% during Q4 2021, followed by Middle East and Africa with 13 contracts and a 23.2% share and Europe with ten contracts and a 17.9% share.

In fourth place was North America with eight contracts and a 14.3% share and in fifth place was South and Central America with five contracts and an 8.9% share.

Thermal technology contracts in Q4 2021: Top companies by capacity

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

  1. Saudi Aramco Power (Saudi Arabia): 1,880MW from two contracts
  2. Gas Natural Acu (GNA) (Brazil): 1,700MW from one contract
  3. Anhui Energy Group (China): 900MW capacity from one contract.

Thermal technology contracts in Q4 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): 2,359MW from five contracts
  2. Abu Dhabi National Energy (United Arab Emirates) and Marubeni (Japan): 1,880MW from two contracts
  3. Siemens Energy (Germany) and Andrade Gutierrez (Brazil): 1,700MW 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.