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March 14, 2022

Power industry contracts in Europe for February 2022 down 46%

Europe power industry contracts activity in February 2022 saw 76 contracts announced, marking a drop of 46% over the last 12-month average of 142, according to GlobalData’s power database.

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Europe power industry contracts in February 2022: Germany leads activity

Looking at contracts by country, Germany led the activity in February 2022 with 11 contracts and a share of 14.5%, up 1.2% over the previous month and flat growth when compared with the last 12 month-average, followed by Spain with 11 contracts and a share of 14.5% and the UK with ten contracts and a share of 13.2% during the month.

Looking at the last 12-month average, the UK held the top spot with 22 contracts, followed by Spain with 18 and France with 16 contracts.

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Wind is top technology area for contracts in February 2022

Looking at contracts divided by the type of technology, wind accounted for the largest proportion with 34 contracts and a 50.7% share, followed by solar with 21 contracts and a 31.3% share and thermal with four contracts and a 6% share.

Looking at power industry contracts divided by segment in Europe as tracked by GlobalData, Electricity Procurement was the most popular segment in February 2022, with 25 contracts, followed by Generation Equipment (18) and Power Plant (17).

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

  1. Power Purchase Agreement: 25 contracts and a 32.9% share
  2. Supply & Erection: 21 contracts and a 27.6% share
  3. Project Implementation: 18 contracts and a 23.7% share
  4. Consulting & Similar Services: eight contracts and a 10.5% share
  5. Repair, Maintenance, Upgrade & Others: four contracts and a 5.3% share.

Power contracts in February 2022: Top companies by capacity

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

  1. Alcoa (United States): 906.3MW from one contract
  2. Valorem (France): 148.5MW from one contract
  3. Robert Bosch (Germany): 70MW capacity from one contract.

Power contracts in February 2022: Top winners by capacity

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

  1. Endesa (Spain): 906.3MW from one contract
  2. Suvic (Finland): 148.5MW from one contract
  3. Energiekontor (Germany): 70MW 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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