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  1. Market Data
April 11, 2022

Power industry contracts in Europe for Q1 2022 down 49%

By Carmen

Europe power industry contracts activity in Q1 2022 saw 242 contracts announced, marking a drop of 49% over the last four-quarter average of 475, according to GlobalData’s power database.

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Europe power industry contracts in Q1 2022: The UK leads activity

Looking at contracts by country, the UK led the activity in Q1 2022 with 48 contracts and a share of 19.8%, up 7% over the previous quarter and down 26% when compared with the last four-quarter average, followed by Spain with 29 contracts and a share of 12% and Germany with 26 contracts and a share of 10.7% during the quarter.

Looking at the last four-quarter average, Spain held the top spot with 82 contracts, followed by the UK with 65 and France with 63 contracts.

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Wind is top technology area for contracts in Q1 2022

Looking at contracts divided by the type of technology, wind accounted for the largest proportion with 114 contracts and a 54% share, followed by solar with 67 contracts and a 31.8% share and thermal with 12 contracts and a 5.7% share.

Looking at power industry contracts divided by segment as tracked by GlobalData, Power Plant was the most popular segment in Europe power contracts activity during Q1 2022, with 80 contracts, followed by Generation Equipment (62) and Electricity Procurement (57).

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

  1. Supply & Erection: 80 contracts and a 33.1% share
  2. Project Implementation: 69 contracts and a 28.5% share
  3. Power Purchase Agreement: 56 contracts and a 23.1% share
  4. Consulting & Similar Services: 24 contracts and a 9.9% share
  5. Repair, Maintenance, Upgrade & Others: 11 contracts and a 4.5% share
  6. Electricity Supply: one contract and a 0.4% share
  7. Others: one contract and a 0.4% share.

Power contracts in Q1 2022: Top companies by capacity

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

  1. Crown Estate Scotland: 24,841MW from 18 contracts
  2. Alcoa (United States): 1,479.3MW from two contracts
  3. Urzad Regulacji Energetyki (Poland): 329.6MW capacity from one contract.

Power contracts in Q1 2022: Top winners by capacity

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

  1. Scottish Power Generation Holdings (United Kingdom): 5,000MW from two contracts
  2. BP (United Kingdom): 2,907MW from one contract
  3. Falck Renewables Wind (United Kingdom): 2,700MW capacity from three contracts.

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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