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June 26, 2020

Global power industry tenders for May 2020 down 19%

Power industry tenders activity in May 2020 saw 755 tenders announced, marking a drop of 19% over the last 12-month average of 929, according to GlobalData’s power database.

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Power industry tenders in May 2020: Asia-Pacific leads global activity

On comparing tenders activity in different regions of the globe, Asia-Pacific held the top position with 407 tenders and a share of 53.9% during May 2020, followed by North America with 208 tenders and a 27.5% share and Europe with 96 tenders and a 12.7% share.

In fourth place was Middle East and Africa with 29 tenders and a 3.8% share and in fifth place was South and Central America with 15 tenders and a 2% share.

On the basis of the last 12-month average, Asia-Pacific held a lead over others with 581 tenders, followed by North America with 145.

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Thermal tops by technology in May 2020

Looking at tenders by the type of technology, thermal accounted for the largest proportion with 132 tenders and a 52.6% share, followed by solar with 79 tenders and a 31.5% share and hydro with 30 tenders and a 12% share.

Looking at power industry tenders divided by segment as tracked by GlobalData, T&D Project was the most popular segment during May 2020, with 253 tenders, followed by T&D Equipment (240) and Generation Equipment (140).

The proportion of tenders by category tracked by GlobalData in the month was as follows:

  1. Supply & Erection: 321 tenders and a 42.5% share
  2. Project Implementation: 242 tenders and a 32.1% share
  3. Repair, Maintenance, Upgrade & Others: 161 tenders and a 21.3% share
  4. Consulting & Similar Services: 18 tenders and a 2.4% share
  5. Power Purchase Agreement: seven tenders and a 0.9% share
  6. Electricity Supply: six tenders and a 0.8% share.

Power tenders in May 2020: Top companies by capacity

The top issuers of tenders for the month in terms of power capacity involved were:

  1. Dominion Energy (United States): 1,250MW from one tender
  2. Suruhanjaya Tenaga (Malaysia): 1,000MW from one tender
  3. The Regulatory Authority for Energy (Greece): 963.48MW capacity from two tenders.

All publicly-announced tenders 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 tenders are available for subscribers to GlobalData’s Power database.

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