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  1. Market Data
May 9, 2022

Power plant contracts down 13% in April 2022

By Carmen

Power plant contracts in April 2022 saw 112 contracts announced, marking a drop of 13% over the last 12-month average of 128, according to GlobalData’s power industry contracts database.

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

  1. Project Implementation: 81 contracts and a 72.3% share
  2. Consulting & Similar Services: 15 contracts and a 13.4% share
  3. Power Purchase Agreement: nine contracts and an 8% share
  4. Repair, Maintenance, Upgrade & Others: seven contracts and a 6.3% share.

Asia-Pacific leads power plant activity in April 2022

Comparing contracts activity in power plant segment in different regions of the globe, Asia-Pacific held the top position with 65 contracts and a share of 58% during April 2022, followed by Europe with 22 contracts and a 19.6% share and North America with 14 contracts and a 12.5% share.

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Solar is leading technology for power plant contracts in April 2022

Among the technologies, solar accounted for 71 contracts with a 59.7% share, followed by wind with 15 contracts and a 12.6% share and thermal with 11 contracts and a 9.2% share.

Power plant contracts in April 2022: Top companies by capacity

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

  1. Riau Islands: 3,062MW from one contract
  2. County of Buxel and Government of Xinjiang Tacheng: 3,000MW from one contract
  3. West Holdings (Japan): 2,700MW capacity from four contracts.

Power plant contracts in April 2022: Top winners by capacity

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

  1. Sunseap Group (Singapore): 3,062MW from one contract
  2. JERA (Japan): 2,700MW from four contracts
  3. Dongfang Electric (China): 2,000MW 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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