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March 14, 2022

T&D project contracts down 14% in February 2022

T&D project contracts in February 2022 saw 32 contracts announced, marking a drop of 14% over the last 12-month average of 37, 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: 26 contracts and an 81.3% share
  2. Consulting & Similar Services: six contracts and an 18.8% share.

Asia-Pacific leads T&D project activity in February 2022

Comparing contracts activity in T&D project segment in different regions of the globe, Asia-Pacific held the top position with 19 contracts and a share of 59.4% during February 2022, followed by Europe with eight contracts and a 25% share and Middle East and Africa with three contracts and a 9.4% share.

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Wind is leading technology for T&D project contracts in February 2022

Among the technologies, wind accounted for seven contracts with a 63.6% share, followed by solar with three contracts and a 27.3% share and biopower with one contract and a 9.1% share.

T&D project contracts in February 2022: Top companies by capacity

The top issuers of T&D project contracts for the month in terms of power capacity involved were:

  1. Lightsource BP Renewable Energy Investments (United Kingdom): 130MW from one contract
  2. Shaanxi Ganquan Chaiguanshan Wind Power: 100MW from one contract
  3. Central Power Grid Private: 23MW capacity from one contract.

T&D project contracts in February 2022: Top winners by capacity

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

  1. SEPCO Electric Power Construction (China): 500MW from two contracts
  2. Orbital Solar Services (United States): 130MW from one contract
  3. China Power Engineering Consulting Group (China): 100MW 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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