Europe power industry contracts activity in March 2022 saw 41 contracts announced, marking a drop of 70% over the last 12-month average of 136, according to GlobalData’s power database.

Europe power industry contracts in March 2022: Finland leads activity

Looking at contracts by country, Finland led the activity in March 2022 with five contracts and a share of 12.2%, up 5.9% over the previous month and down 17% when compared with the last 12 month-average, followed by Italy with five contracts and a share of 12.2% and Spain with five contracts and a share of 12.2% during the month.

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Looking at the last 12-month average, the UK held the top spot with 22 contracts, followed by Spain with 19 and Germany with 12 contracts.

Wind is top technology area for contracts in March 2022

Looking at contracts divided by the type of technology, wind accounted for the largest proportion with 21 contracts and a 58.3% share, followed by solar with 11 contracts and a 30.6% share and hydro with two contracts and a 5.6% share.

Looking at power industry contracts divided by segment in Europe as tracked by GlobalData, Generation Equipment was the most popular segment in March 2022, with 16 contracts, followed by Power Plant (10) and Electricity Procurement (10).

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

1. Supply & Erection: 20 contracts and a 48.8% share
2. Power Purchase Agreement: ten contracts and a 24.4% share
3. Project Implementation: six contracts and a 14.6% share
4. Consulting & Similar Services: three contracts and a 7.3% share
5. Repair, Maintenance, Upgrade & Others: two contracts and a 4.9% share.

Power contracts in March 2022: Top companies by capacity

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

1. Enovos Renewables (Germany) and SWT Stadtwerke Trier (Germany): 214MW from one contract
2. MET Group Zrt (Hungary): 96MW from two contracts
3. Statkraft (Norway): 86.8MW capacity from one contract.

Power contracts in March 2022: Top winners by capacity

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

1. SWT Stadtwerke Trier (Germany): 214MW from one contract
2. IBC Solar (Germany): 96MW from two contracts
3. ABO Wind (Germany): 86.8MW 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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