Power plant contracts in Q1 2021 saw 449 contracts announced, marking a rise of 1% over the last four-quarter average of 445, 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: 389 contracts and an 86.6% share
  2. Consulting & Similar Services: 37 contracts and an 8.2% share
  3. Repair, Maintenance, Upgrade & Others: 12 contracts and a 2.7% share
  4. Power Purchase Agreement: 11 contracts and a 2.4% share.

Europe leads power plant activity in Q1 2021

Comparing contracts activity in power plant segment in different regions of the globe, Europe held the top position with 206 contracts and a share of 45.9% during Q1 2021, followed by Asia-Pacific with 157 contracts and a 35% share and North America with 66 contracts and a 14.7% share.

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Solar is leading technology for power plant contracts in Q1 2021

Among the technologies, solar accounted for 321 contracts with a 71% share, followed by wind with 81 contracts and a 17.9% share and thermal with 27 contracts and a 6% share.

Power plant contracts in Q1 2021: Top issuers by capacity

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

  1. Andhra Pradesh Green Energy (India): 6,400MW from 12 contracts
  2. New York State Energy Research & Development Authority (United States): 2,112.89MW from 21 contracts
  3. Nuclear Power Corporation of India (India) and Gansu Province Electric Power Investment Group (China): 2,000MW capacity from one contract.

Power plant contracts in Q1 2021: Top winners by capacity

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

  1. China Energy Engineering Group Planning and Engineering (China): 3,885MW from eight contracts
  2. Adani Renewable Energy Holding Twelve (India): 3,000MW from five contracts
  3. Larsen & Toubro (India): 2,710MW 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.