Oil and gas companies are making moves into the UK energy market.

Thermal technology contracts activity in Q3 2020 saw 114 contracts announced, marking a rise of 15% over the last four-quarter average of 99, 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 75 contracts and a 61% share, followed by Oil with 26 contracts and a 21.1% share. Coal stood in third place with 22 contracts and a 17.9% 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 Q3 2020 with an 11.8% share.

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

  1. Supply & Erection: 61 contracts and a 53.5% share
  2. Project Implementation: 23 contracts and a 20.2% share
  3. Repair, Maintenance, Upgrade & Others: 14 contracts and a 12.3% share
  4. Power Purchase Agreement: ten contracts and an 8.8% share
  5. Consulting & Similar Services: four contracts and a 3.5% share
  6. Electricity Supply: two contracts and a 1.8% share.

Asia-Pacific leads thermal contracts activity in Q3 2020

Comparing contracts activity in thermal technology in different regions of the globe, Asia-Pacific held the top position with 36 contracts and a share of 31.6% during Q3 2020, followed by Europe with 36 contracts and a 31.6% share and North America with 23 contracts and a 20.2% share.

In fourth place was Middle East and Africa with 15 contracts and a 13.2% share and in fifth place was South and Central America with four contracts and a 3.5% share.

Thermal technology contracts in Q3 2020: Top issuers by capacity

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

  1. Taiwan Power (Taiwan): 6,500MW from one contract
  2. Hin Kong Power (Thailand): 1,400MW from one contract
  3. Electric Power Generation Enterprise (Myanmar): 1,250MW capacity from one contract.

Thermal technology contracts in Q3 2020: Top winners by capacity

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

  1. CTCI (Taiwan) and General Electric International (United States): 6,500MW from one contract
  2. Northwest Electric Power Design Institute (China): 4,000MW from two contracts
  3. SEPCOIII Electric Power Construction (China): 3,320MW 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.