View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Market Data
June 22, 2022

Power plant contracts down 23% in May 2022

By Carmen

Power plant contracts in May 2022 saw 101 contracts announced, marking a drop of 23% over the last 12-month average of 131, according to GlobalData’s power industry contracts database.

  • Embed this chart

    Embed this chart into your website

    Copy and paste the code below into your website to display the chart.

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

  1. Project Implementation: 76 contracts and a 75.2% share
  2. Consulting & Similar Services: ten contracts and a 9.9% share
  3. Power Purchase Agreement: eight contracts and a 7.9% share
  4. Repair, Maintenance, Upgrade & Others: seven contracts and a 6.9% share.

Asia-Pacific leads power plant activity in May 2022

Comparing contracts activity in power plant segment in different regions of the globe, Asia-Pacific held the top position with 61 contracts and a share of 60.4% during May 2022, followed by Europe with 16 contracts and a 15.8% share and North America with 13 contracts and a 12.9% share.

  • Embed this chart

    Embed this chart into your website

    Copy and paste the code below into your website to display the chart.

Solar is leading technology for power plant contracts in May 2022

Among the technologies, solar accounted for 63 contracts with a 61.2% share, followed by wind with 20 contracts and a 19.4% share and thermal with 11 contracts and a 10.7% share.

Power plant contracts in May 2022: Top companies by capacity

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

  1. Neom (Saudi Arabia): 4,300MW from one contract
  2. China Southern Power Grid (China): 1,200MW from one contract
  3. SJVN (India): 1,000MW capacity from one contract.

Power plant contracts in May 2022: Top winners by capacity

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

  1. Larsen & Toubro (Oman) (Oman): 4,300MW from one contract
  2. China Energy Engineering (China): 2,523.99MW from 11 contracts
  3. PowerChina Hubei Engineering (China): 2,450MW 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.

Related Companies

Topics in this article:
NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Wednesday. The power industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Power Technology