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March 18, 2021

Power plant contracts down 44% in February 2021

By Amit Sharma

Power plant contracts in February 2021 saw 85 contracts announced, marking a drop of 44% over the last 12-month average of 152, 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: 64 contracts and a 75.3% share
  2. Consulting & Similar Services: ten contracts and an 11.8% share
  3. Repair, Maintenance, Upgrade & Others: eight contracts and a 9.4% share
  4. Power Purchase Agreement: three contracts and a 3.5% share.

Asia-Pacific leads power plant activity in February 2021

Comparing contracts activity in power plant segment in different regions of the globe, Asia-Pacific held the top position with 36 contracts and a share of 42.4% during February 2021, followed by Europe with 27 contracts and a 31.8% share and North America with 14 contracts and a 16.5% share.

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Solar is leading technology for power plant contracts in February 2021

Among the technologies, solar accounted for 41 contracts with a 47.1% share, followed by wind with 29 contracts and a 33.3% share and thermal with nine contracts and a 10.3% share.

Power plant contracts in February 2021: Top issuers by capacity

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

  1. Andhra Pradesh Green Energy (India): 6,400MW from 12 contracts
  2. Nuclear Power Corporation of India (India): 2,000MW from one contract
  3. Ministry of Energy and Mines, Laos (Laos): 1,800MW capacity from one contract.

Power plant contracts in February 2021: Top winners by capacity

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

  1. Adani Renewable Energy Holding Twelve (India): 3,000MW from five contracts
  2. Larsen & Toubro (India): 2,400MW from two contracts
  3. Shirdi Sai Electricals (India): 2,200MW 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.

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