Oil and gas companies are making moves into the UK energy market.

Power plant contracts in Q2 2019 saw 282 contracts announced, marking a drop of 33% over the last four-quarter average of 423, 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: 222 contracts and a 78.7% share
  2. Consulting & Similar Services: 34 contracts and a 12.1% share
  3. Repair, Maintenance, Upgrade & Others: 14 contracts and a 5% share
  4. Power Purchase Agreement: 12 contracts and a 4.3% share.

Asia-Pacific leads power plant activity in Q2 2019

Comparing contracts activity in power plant segment in different regions of the globe, Asia-Pacific held the top position with 98 contracts and a share of 34.8% during Q2 2019, followed by Europe with 75 contracts and a 26.6% share and North America with 41 contracts and a 14.5% share.

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Solar is leading technology for power plant contracts in Q2 2019

Among the technologies, solar accounted for 144 contracts with a 50.7% share, followed by wind with 72 contracts and a 25.4% share and thermal with 24 contracts and an 8.5% share.

Power plant contracts in Q2 2019: Top companies by capacity

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

  1. Solar Energy Corporation of India (India): 3,210MW from 17 contracts
  2. China National Nuclear (China): 2,400MW from one contract
  3. Gujarat Urja Vikas Nigam (India): 1,545MW capacity from 14 contracts.

Power plant contracts in Q2 2019: Top winners by capacity

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

  1. State Atomic Energy Corporation Rosatom (Russia): 2,400MW from one contract
  2. Siemens (Germany): 1,800MW from two contracts
  3. Larsen & Toubro (Oman): 1,400MW capacity from two 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.