Energy storage tenders down 5% in February 2020

18 March 2020 (Last Updated March 18th, 2020 05:47)

Energy storage tenders down 5% in February 2020

Energy storage tenders in February 2020 saw 21 tenders announced, marking a drop of 5% over the last 12-month average of 22, according to GlobalData’s power industry tenders database.

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The proportion of tenders by category tracked by GlobalData in the month was as follows:

  1. Supply & Erection: 16 tenders and a 76.2% share
  2. Project Implementation: four tenders and a 19% share
  3. Power Purchase Agreement: one tender and a 4.8% share.

North America leads energy storage activity in February 2020

Comparing tenders activity in energy storage segment in different regions of the globe, North America held the top position with 17 tenders and a share of 81% during February 2020, followed by Asia-Pacific with three tenders and a 14.3% share and Middle East and Africa with one tender and a 4.8% share.

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Solar is leading technology for energy storage tenders in February 2020

Among the technologies, solar accounted for five tenders with a 55.6% share, followed by wind with one tender and an 11.1% share and biopower with one tender and an 11.1% share.

Energy storage tenders in February 2020: Top companies by capacity

The top issuers of energy storage tenders for the month in terms of power capacity involved were:

  1. Ministry of Energy, Mongolia: 5MW from one tender
  2. Agency for Non Conventional Energy and Rural Technology (India): 0.1MW from one tender.

All publicly-announced tenders 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 tenders are available for subscribers to GlobalData’s Power database.