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October 19, 2020

Power industry tenders in North America for Q3 2020 up 63%

North America power industry tenders activity in Q3 2020 saw 726 tenders announced, marking a rise of 63% over the last four-quarter average of 445, according to GlobalData’s power database.

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North America power industry tenders in Q3 2020: The US leads activity

Looking at tenders by country, the US led the activity in Q3 2020 with 623 tenders and a share of 85.8%, up 1.8% over the previous quarter and up 75% when compared with the last four-quarter average, followed by Canada with 103 tenders and a share of 14.2%.

Looking at the last four-quarter average, the US held the top spot with 357 tenders, followed by Canada with 86 and Mexico with one tender.

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Thermal is top technology area for tenders in Q3 2020

Looking at tenders divided by the type of technology, thermal accounted for the largest proportion with 306 tenders and an 82.7% share, followed by solar with 51 tenders and a 13.8% share and wind with seven tenders and a 1.9% share.

Looking at power industry tenders divided by segment as tracked by GlobalData, T&D Equipment was the most popular segment in North America power tenders activity during Q3 2020, with 318 tenders, followed by Generation Equipment (307) and Power Plant (44).

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

  1. Supply & Erection: 516 tenders and a 71.1% share
  2. Repair, Maintenance, Upgrade & Others: 139 tenders and a 19.1% share
  3. Project Implementation: 53 tenders and a 7.3% share
  4. Power Purchase Agreement: eight tenders and a 1.1% share
  5. Consulting & Similar Services: eight tenders and a 1.1% share
  6. Electricity Supply: two tenders and a 0.3% share.

Power tenders in Q3 2020: Top issuers by capacity

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

  1. PacifiCorp (United States): 4,300MW from one tender
  2. New York State Energy Research & Development Authority (United States): 4,000MW from one tender
  3. New Jersey Board of Public Utilities (United States): 2,400MW 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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