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October 1, 2020

Global power industry contracts in August 2020: Wind technology up 11%

Wind technology contracts activity in August 2020 saw 101 contracts announced, marking a rise of 11% over the last 12-month average of 91, according to GlobalData’s power industry contracts database.

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Onshore was the top category in wind technology in terms of number of contracts for the month, accounting for 75 contracts and a 75% share, followed by Offshore with 23 contracts and a 23% share. Onshore Repowered stood in third place with two contracts and a 2% share.

Looking at global power contracts activity divided by the type of technology, wind held the second position in terms of number of contracts during August 2020 with a 32.5% share.

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

  1. Project Implementation: 30 contracts and a 29.7% share
  2. Supply & Erection: 30 contracts and a 29.7% share
  3. Repair, Maintenance, Upgrade & Others: 15 contracts and a 14.9% share
  4. Power Purchase Agreement: 13 contracts and a 12.9% share
  5. Consulting & Similar Services: 11 contracts and a 10.9% share
  6. Electricity Supply: two contracts and a 2% share.

Europe leads wind contracts activity in August 2020

Comparing contracts activity in wind technology in different regions of the globe, Europe held the top position with 50 contracts and a share of 49.5% during August 2020, followed by Asia-Pacific with 34 contracts and a 33.7% share and North America with 13 contracts and a 12.9% share.

In fourth place was South and Central America with three contracts and a 3% share and in fifth place was Middle East and Africa with one contract and a 1% share.

Wind technology contracts in August 2020: Top issuers by capacity

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

  1. Danske Commodities (Denmark): 480MW from one contract
  2. Department of Communications, Climate Action and Environment (Ireland): 479.24MW from 19 contracts
  3. Stanwell: 348MW capacity from one contract.

Wind technology contracts in August 2020: Top winners by capacity

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

  1. Equinor (Norway) and SSE Renewables (United Kingdom): 480MW from one contract
  2. Goldwind Australia Pty (Australia) and Lacour Energy Pty (Australia): 348MW from one contract
  3. Vestas Wind Systems (Denmark): 250MW 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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