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March 14, 2022

Power plant contracts down 60% in February 2022

Power plant contracts in February 2022 saw 54 contracts announced, marking a drop of 60% over the last 12-month average of 136, 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: 37 contracts and a 68.5% share
  2. Consulting & Similar Services: 13 contracts and a 24.1% share
  3. Repair, Maintenance, Upgrade & Others: three contracts and a 5.6% share
  4. Power Purchase Agreement: one contract and a 1.9% share.

Asia-Pacific leads power plant activity in February 2022

Comparing contracts activity in power plant segment in different regions of the globe, Asia-Pacific held the top position with 24 contracts and a share of 44.4% during February 2022, followed by Europe with 17 contracts and a 31.5% share and North America with eight contracts and a 14.8% share.

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Solar is leading technology for power plant contracts in February 2022

Among the technologies, solar accounted for 25 contracts with a 46.3% share, followed by wind with 16 contracts and a 29.6% share and thermal with five contracts and a 9.3% share.

Power plant contracts in February 2022: Top companies by capacity

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

  1. Comision Federal de Electricidad (Mexico): 1,500MW from one contract
  2. Fujian Sangang Minguang Group: 160MW from one contract
  3. Valorem (France): 148.5MW capacity from one contract.

Power plant contracts in February 2022: Top winners by capacity

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

  1. Tecnicas Reunidas (Spain) and TSK Group (Spain): 1,500MW from one contract
  2. China Power Engineering Consulting Group (China): 650MW from five contracts
  3. SEPCOI Electric Power Construction (China): 233.45MW 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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