Thermal technology contracts activity in February 2020 saw 22 contracts announced, marking a drop of 19% over the last 12-month average of 27, according to GlobalData’s power industry contracts database.

Gas was the top category in thermal technology in terms of number of contracts for the month, accounting for 18 contracts and an 81.8% share, followed by Oil with two contracts and a 9.1% share. Coal stood in third place with two contracts and a 9.1% share.

Looking at global power contracts activity divided by the type of technology, thermal held the third position in terms of number of contracts during February 2020 with an 11.1% share.

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

1. Supply & Erection: eight contracts and a 36.4% share
2. Project Implementation: six contracts and a 27.3% share
3. Repair, Maintenance, Upgrade & Others: four contracts and an 18.2% share
4. Power Purchase Agreement: three contracts and a 13.6% share
5. Consulting & Similar Services: one contract and a 4.5% share.

Asia-Pacific leads thermal contracts activity in February 2020

Comparing contracts activity in thermal technology in different regions of the globe, Asia-Pacific held the top position with six contracts and a share of 27.3% during February 2020, followed by Europe with six contracts and a 27.3% share and Middle East and Africa with six contracts and a 27.3% share.

In fourth place was South and Central America with four contracts and an 18.2% share.

Thermal technology contracts in February 2020: Top companies by capacity

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

1. Emirates Water and Electricity (United Arab Emirates): 7,200MW from three contracts
2. AzerEnerji JS (Azerbaijan): 1,000MW from one contract
3. DISNORTE-DISSUR (United States): 300MW capacity from one contract.

Thermal technology contracts in February 2020: Top winners by capacity

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

1. Marubeni (Japan): 4,800MW from two contracts
2. Samsung C&T (South Korea): 2,400MW from one contract
3. Ansaldo Energia (Italy): 1,000MW 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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