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October 22, 2020

Global power industry contracts in Q3 2020: Wind technology up 15%

Wind technology contracts activity in Q3 2020 saw 306 contracts announced, marking a rise of 15% over the last four-quarter average of 265, 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 quarter, accounting for 214 contracts and a 70.4% share, followed by Offshore with 88 contracts and a 28.9% share. Onshore Repowered stood in third place with two contracts and a 0.7% 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 Q3 2020 with a 31.6% share.

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

  1. Supply & Erection: 114 contracts and a 37.3% share
  2. Project Implementation: 75 contracts and a 24.5% share
  3. Power Purchase Agreement: 49 contracts and a 16% share
  4. Consulting & Similar Services: 38 contracts and a 12.4% share
  5. Repair, Maintenance, Upgrade & Others: 24 contracts and a 7.8% share
  6. Electricity Supply: six contracts and a 2% share.

Europe leads wind contracts activity in Q3 2020

Comparing contracts activity in wind technology in different regions of the globe, Europe held the top position with 160 contracts and a share of 52.3% during Q3 2020, followed by Asia-Pacific with 79 contracts and a 25.8% share and North America with 43 contracts and a 14.1% share.

In fourth place was South and Central America with 15 contracts and a 4.9% share and in fifth place was Middle East and Africa with nine contracts and a 2.9% share.

Wind technology contracts in Q3 2020: Top issuers by capacity

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

  1. Binh Thuan People’s Committee: 3,500MW from one contract
  2. Netherlands Enterprise Agency (Netherlands): 1,518MW from one contract
  3. Solar Energy Corporation of India (India): 970MW capacity from two contracts.

Wind 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. Copenhagen Infrastructure Partners KS (Denmark): 3,900MW from two contracts
  2. Eneco Holding (Netherlands) and Royal Dutch Shell (Netherlands): 1,518MW from one contract
  3. Orsted (Denmark): 920MW 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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