Power plant contracts in Q3 2022 saw 168 contracts announced, marking a drop of 57% over the last four-quarter average of 392, 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: 94 contracts and a 56% share
  2. Consulting & Similar Services: 39 contracts and a 23.2% share
  3. Power Purchase Agreement: 33 contracts and a 19.6% share
  4. Repair, Maintenance, Upgrade & Others: one contract and a 0.6% share
  5. Supply & Erection: one contract and a 0.6% share.

Asia-Pacific leads power plant activity in Q3 2022

Comparing contracts activity in power plant segment in different regions of the globe, Asia-Pacific held the top position with 119 contracts and a share of 70.8% during Q3 2022, followed by Europe with 21 contracts and a 12.5% share and Middle East and Africa with 14 contracts and an 8.3% share.

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Solar is leading technology for power plant contracts in Q3 2022

Among the technologies, solar accounted for 83 contracts with a 48.8% share, followed by wind with 37 contracts and a 21.8% share and thermal with 21 contracts and a 12.4% share.

Power plant contracts in Q3 2022: Top companies by capacity

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

  1. Government Of Rajasthan (India): 10,000MW from one contract
  2. Xinjiang Yecheng: 2,000MW from one contract
  3. Philippines Department of Energy (Philippines): 1,936.93MW capacity from 18 contracts.

Power plant contracts in Q3 2022: Top winners by capacity

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

  1. NTPC Renewable Energy (India): 10,000MW from one contract
  2. China Energy Engineering (China): 7,724.7MW from 41 contracts
  3. Shandong Yijian Construction (China): 3,210MW capacity from four 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.