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August 4, 2021updated 06 Aug 2021 3:38pm

North America generation equipment contracts activity down 27% in Q2 2021

By Amit Sharma

There were 40 generation equipment contracts announced in the North America region in Q2 2021, marking a drop of 27% over the last four-quarter average of 55, according to GlobalData’s power industry contracts database.

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Electricity Procurement stood at first place when compared with other power tender categories in the North America region in Q2 2021 with 89 contracts and a 44.3% share, followed by Power Plant with 41 contracts and a 20.4% share and Generation Equipment with 40 contracts and a 19.9% share during the quarter.

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

  1. Supply & Erection: 27 contracts and a 67.5% share
  2. Repair, Maintenance, Upgrade & Others: 12 contracts and a 30% share
  3. Project Implementation: one contract and a 2.5% share.

Solar is top technology for North America generation equipment contracts in Q2 2021

Looking at generation equipment contracts by the type of technology in the North America region, solar accounted for 13 contracts with a 32.5% share, followed by thermal with 12 contracts and a 30% share and wind with nine contracts and a 22.5% share.

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North America generation equipment contracts in Q2 2021: Top issuers by capacity

The top issuer of generation equipment contracts for the quarter in terms of power capacity involved in North America was:Concord Pacific Developments (Canada) with 106MW from one contract.

North America generation equipment contracts in Q2 2021: Top winners by capacity

The top winner of contracts for the quarter in terms of power capacity involved in North America was:Gp Joule Canada (Canada) with 106MW 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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