Oil and gas companies are making moves into the UK energy market.

There were 42 generation equipment contracts announced in the North America region in Q1 2021, marking a drop of 22% over the last four-quarter average of 54, according to GlobalData’s power industry contracts database.

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Power Plant stood at first place when compared with other power tender categories in the North America region in Q1 2021 with 66 contracts and a 32.2% share, followed by Electricity Procurement with 59 contracts and a 28.8% share and Generation Equipment with 42 contracts and a 20.5% share during the quarter.

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

  1. Supply & Erection: 37 contracts and an 88.1% share
  2. Repair, Maintenance, Upgrade & Others: five contracts and an 11.9% share.

Wind is top technology for North America generation equipment contracts in Q1 2021

Looking at generation equipment contracts by the type of technology in the North America region, wind accounted for 14 contracts with a 33.3% share, followed by solar with 12 contracts and a 28.6% share and thermal with nine contracts and a 21.4% share.

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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.