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February 18, 2021

Global power industry contracts in January 2021: Wind technology down 20%

By Amit Sharma

Wind technology contracts activity in January 2021 saw 78 contracts announced, marking a drop of 20% over the last 12-month average of 97, according to GlobalData’s power industry contracts database.

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Onshore was the top category in wind technology in terms of number of contracts for the month, accounting for 63 contracts and a 79.7% share, followed by Offshore with 13 contracts and a 16.5% share. Onshore Repowered stood in third place with three contracts and a 3.8% share.

Looking at global power contracts activity divided by the type of technology, wind held the second position in terms of number of contracts during January 2021 with a 26.4% share.

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

  1. Supply & Erection: 32 contracts and a 41% share
  2. Power Purchase Agreement: 19 contracts and a 24.4% share
  3. Project Implementation: 14 contracts and a 17.9% share
  4. Consulting & Similar Services: 11 contracts and a 14.1% share
  5. Electricity Supply: one contract and a 1.3% share
  6. Repair, Maintenance, Upgrade & Others: one contract and a 1.3% share.

Europe leads wind contracts activity in January 2021

Comparing contracts activity in wind technology in different regions of the globe, Europe held the top position with 32 contracts and a share of 41% during January 2021, followed by North America with 24 contracts and a 30.8% share and Asia-Pacific with 18 contracts and a 23.1% share.

In fourth place was South and Central America with three contracts and a 3.8% share and in fifth place was Middle East and Africa with one contract and a 1.3% share.

Wind technology contracts in January 2021: Top issuers by capacity

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

  1. New York State Energy Research & Development Authority (United States): 2,490MW from one contract
  2. Pattern Energy Group (United States): 1,050MW from one contract
  3. Clearway Energy Group L (United States): 460MW capacity from two contracts.

Wind technology contracts in January 2021: Top winners by capacity

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

  1. Equinor Wind US L (United States): 2,490MW from one contract
  2. Blattner Energy (United States): 1,395MW from two contracts
  3. White Construction (United States): 418MW capacity from two 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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