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  1. Market Data
April 11, 2022

Global power industry tenders for Q1 2022 down 73%

By Carmen

Power industry tenders activity in Q1 2022 saw 581 tenders announced, marking a drop of 73% over the last four-quarter average of 2,179, according to GlobalData’s power database.

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Power industry tenders in Q1 2022: North America leads global activity

On comparing tenders activity in different regions of the globe, North America held the top position with 175 tenders and a share of 30.1% during Q1 2022, followed by Asia-Pacific with 159 tenders and a 27.4% share and Europe with 131 tenders and a 22.5% share.

In fourth place was Middle East and Africa with 88 tenders and a 15.1% share and in fifth place was South and Central America with 28 tenders and a 4.8% share.

On the basis of the last four-quarter average, North America held a lead over others with 694 tenders, followed by Middle East and Africa with 552.

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Solar tops by technology in Q1 2022

Looking at tenders by the type of technology, solar accounted for the largest proportion with 82 tenders and a 44.3% share, followed by thermal with 74 tenders and a 40% share and wind with 11 tenders and a 5.9% share.

Looking at power industry tenders divided by segment as tracked by GlobalData, T&D Equipment was the most popular segment in global power tenders activity during Q1 2022, with 254 tenders, followed by T&D Project (113) and Generation Equipment (79).

The proportion of tenders by category tracked by GlobalData in the quarter was as follows:

  1. Supply & Erection: 347 tenders and a 59.7% share
  2. Project Implementation: 130 tenders and a 22.4% share
  3. Repair, Maintenance, Upgrade & Others: 50 tenders and an 8.6% share
  4. Consulting & Similar Services: 30 tenders and a 5.2% share
  5. Electricity Supply: 20 tenders and a 3.4% share
  6. Power Purchase Agreement: three tenders and a 0.5% share
  7. Others: one tender and a 0.2% share.

Power tenders in Q1 2022: Top companies by capacity

The top issuers of tenders for the quarter in terms of power capacity involved were:

  1. Bundesnetzagentur (Germany): 10,700MW from 15 tenders
  2. Philippines Department of Energy (Philippines) and Rajasthan Rajya Vidyut Utpadan Nigam: 2,000MW from one tender
  3. Indiana Michigan Power (United States): 1,300MW capacity from one tender.

All publicly-announced tenders 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 tenders are available for subscribers to GlobalData’s Power database.

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