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October 26, 2021

Global power industry contracts in September 2021: Thermal technology down 26%

Thermal technology contracts activity in September 2021 saw 26 contracts announced, marking a drop of 26% over the last 12-month average of 35, 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 month, accounting for 23 contracts and an 85.2% share, followed by Coal with three contracts and an 11.1% share. Oil stood in third place with one contract and a 3.7% share.

Looking at global power contracts activity divided by the type of technology, thermal held the third position in terms of number of contracts during September 2021 with an 8.9% share.

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

  1. Supply & Erection: 11 contracts and a 42.3% share
  2. Project Implementation: six contracts and a 23.1% share
  3. Repair, Maintenance, Upgrade & Others: three contracts and an 11.5% share
  4. Consulting & Similar Services: three contracts and an 11.5% share
  5. Power Purchase Agreement: three contracts and an 11.5% share.

Asia-Pacific leads thermal contracts activity in September 2021

Comparing contracts activity in thermal technology in different regions of the globe, Asia-Pacific held the top position with nine contracts and a share of 34.6% during September 2021, followed by Europe with six contracts and a 23.1% share and North America with five contracts and a 19.2% share.

In fourth place was Middle East and Africa with four contracts and a 15.4% share and in fifth place was South and Central America with two contracts and a 7.7% share.

Thermal technology contracts in September 2021: Top companies by capacity

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

  1. Sun Ba Power (Taiwan): 1,100MW from one contract
  2. WattBridge Energy (United States): 288MW from one contract
  3. Government Of Gabon (Gabon) and Societe d’Electricite et d’Eau du Gabon (Gabon): 120MW capacity from one contract.

Thermal technology contracts in September 2021: Top winners by capacity

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

  1. CTCI (Taiwan) and Siemens Energy (Germany): 1,100MW from one contract
  2. PowerChina Hubei Engineering (China): 1,000MW from one contract
  3. ProEnergy Services (United States): 288MW 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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