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  1. Market Data
July 16, 2021

Global power industry contracts in Q2 2021: Thermal technology down 39%

By Amit Sharma

Thermal technology contracts activity in Q2 2021 saw 73 contracts announced, marking a drop of 39% over the last four-quarter average of 120, according to GlobalData’s power industry contracts database.

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Gas was the top category in thermal technology in terms of number of contracts for the quarter, accounting for 52 contracts and a 67.5% share, followed by Coal with 16 contracts and a 20.8% share. Oil stood in third place with nine contracts and an 11.7% share.

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Looking at global power contracts activity divided by the type of technology, thermal held the third position in terms of number of contracts during Q2 2021 with an 8.1% share.

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

  1. Supply & Erection: 26 contracts and a 35.6% share
  2. Repair, Maintenance, Upgrade & Others: 21 contracts and a 28.8% share
  3. Project Implementation: 15 contracts and a 20.5% share
  4. Consulting & Similar Services: seven contracts and a 9.6% share
  5. Electricity Supply: three contracts and a 4.1% share
  6. Power Purchase Agreement: one contract and a 1.4% share.

Asia-Pacific leads thermal contracts activity in Q2 2021

Comparing contracts activity in thermal technology in different regions of the globe, Asia-Pacific held the top position with 31 contracts and a share of 42.5% during Q2 2021, followed by North America with 17 contracts and a 23.3% share and Middle East and Africa with 13 contracts and a 17.8% share.

In fourth place was Europe with nine contracts and a 12.3% share and in fifth place was South and Central America with three contracts and a 4.1% share.

Thermal technology contracts in Q2 2021: Top issuers by capacity

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

  1. Yuneng Group: 1,320MW from one contract
  2. Lausitz Energie Bergbau (Germany): 300MW from one contract
  3. Baosteel (China): 270MW capacity from one contract.

Thermal technology contracts in Q2 2021: Top winners by capacity

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

  1. China Energy Engineering Group Planning and Engineering (China): 2,570MW from four contracts
  2. Shanghai Electric Power Construction (China): 2,000MW from one contract
  3. Southwest Electric Power Design Institute (China) and SEPCOIII Electric Power Construction (China): 1,320MW 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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