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  1. Market Data
June 22, 2022

Power industry contracts in Europe for May 2022 down 42%

By Carmen

Europe power industry contracts activity in May 2022 saw 71 contracts announced, marking a drop of 42% over the last 12-month average of 122, according to GlobalData’s power database.

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Europe power industry contracts in May 2022: Austria leads activity

Looking at contracts by country, Austria led the activity in May 2022 with 16 contracts and a share of 22.5%, up 21.3% over the previous month and up 1500% when compared with the last 12 month-average, followed by the UK with 16 contracts and a share of 22.5% and Germany with nine contracts and a share of 12.7% during the month.

Looking at the last 12-month average, Spain held the top spot with 18 contracts, followed by the UK with 15 and Germany with 11 contracts.

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Wind is top technology area for contracts in May 2022

Looking at contracts divided by the type of technology, wind accounted for the largest proportion with 17 contracts and a 42.5% share, followed by solar with 13 contracts and a 32.5% share and biopower with four contracts and a 10% share.

Looking at power industry contracts divided by segment in Europe as tracked by GlobalData, T&D Equipment was the most popular segment in May 2022, with 24 contracts, followed by Power Plant (16) and Generation Equipment (12).

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

  1. Supply & Erection: 34 contracts and a 47.9% share
  2. Project Implementation: 14 contracts and a 19.7% share
  3. Power Purchase Agreement: ten contracts and a 14.1% share
  4. Consulting & Similar Services: seven contracts and a 9.9% share
  5. Repair, Maintenance, Upgrade & Others: five contracts and a 7% share
  6. Others: one contract and a 1.4% share.

Power contracts in May 2022: Top companies by capacity

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

  1. Axpo Polska (Poland): 165.6MW from two contracts
  2. Econergy Group (Israel): 154MW from one contract
  3. Indaver Ireland (Ireland): 98MW capacity from two contracts.

Power contracts in May 2022: Top winners by capacity

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

  1. InTEC Energy Solutions (Germany): 154MW from one contract
  2. Endesa (Spain): 75MW from one contract
  3. Jones Bros Ruthin (Civil Engineering) (United Kingdom): 72MW 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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