Wind technology contracts activity in May 2020 saw 57 contracts announced, marking a drop of 34% over the last 12-month average of 87, 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 41 contracts and a 70.7% share, followed by Offshore with 17 contracts and a 29.3% 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 May 2020 with a 28.1% share.
The proportion of contracts by category in the Wind technology tracked by GlobalData in the month was as follows:
- Supply & Erection: 24 contracts and a 42.1% share
- Consulting & Similar Services: 11 contracts and a 19.3% share
- Power Purchase Agreement: nine contracts and a 15.8% share
- Project Implementation: eight contracts and a 14% share
- Repair, Maintenance, Upgrade & Others: three contracts and a 5.3% share
- Electricity Supply: two contracts and a 3.5% share.
Europe leads wind contracts activity in May 2020
Comparing contracts activity in wind technology in different regions of the globe, Europe held the top position with 23 contracts and a share of 40.4% during May 2020, followed by Asia-Pacific with 18 contracts and a 31.6% share and North America with ten contracts and a 17.5% share.
In fourth place was South and Central America with five contracts and an 8.8% share and in fifth place was Middle East and Africa with one contract and a 1.8% share.
Wind technology contracts in May 2020: Top companies by capacity
The top issuers of contracts in Wind technology for the month in terms of power capacity involved were:
- Solar Energy Corporation of India (India): 400MW from one contract
- Continuum Power Trading (TN) Pvt (India): 250MW from one contract
- Tenaska Clear Creek Wind L (United States): 242MW capacity from one contract.
Wind technology contracts in May 2020: Top winners by capacity
The top winners of contracts for the month in terms of power capacity involved were:
- Renew Solar Power Pvt (India): 400MW from one contract
- Inox Wind (India): 250MW from one contract
- M. A. Mortenson (United States): 242MW 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.