Power plant contracts in Q1 2022 saw 253 contracts announced, marking a drop of 46% over the last four-quarter average of 468, according to GlobalData’s power industry contracts database.

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

  1. Project Implementation: 175 contracts and a 69.2% share
  2. Consulting & Similar Services: 49 contracts and a 19.4% share
  3. Repair, Maintenance, Upgrade & Others: 15 contracts and a 5.9% share
  4. Power Purchase Agreement: 14 contracts and a 5.5% share.

Asia-Pacific leads power plant activity in Q1 2022

Comparing contracts activity in power plant segment in different regions of the globe, Asia-Pacific held the top position with 120 contracts and a share of 47.4% during Q1 2022, followed by Europe with 80 contracts and a 31.6% share and North America with 27 contracts and a 10.7% share.

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Solar is leading technology for power plant contracts in Q1 2022

Among the technologies, solar accounted for 143 contracts with a 55.2% share, followed by wind with 66 contracts and a 25.5% share and thermal with 28 contracts and a 10.8% share.

Power plant contracts in Q1 2022: Top companies by capacity

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

  1. Crown Estate Scotland: 24,841MW from 18 contracts
  2. China Huadian (China): 3,000MW from one contract
  3. Comision Federal de Electricidad (Mexico): 1,500MW capacity from one contract.

Power plant contracts in Q1 2022: Top winners by capacity

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

  1. China Power Engineering Consulting Group (China): 12,536.6MW from 25 contracts
  2. Scottish Power Generation Holdings (United Kingdom): 5,000MW from two contracts
  3. BP (United Kingdom): 2,907MW 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.